Aramark (NYSE:ARMK) Holdings Reduced by Capital International Inc. CA

Capital International Inc. CA reduced its holdings in Aramark (NYSE:ARMK) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 449,507 shares of the company’s stock after selling 1,931 shares during the quarter. Capital International Inc. CA owned 0.17% of Aramark worth $16,771,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Franklin Resources Inc. grew its position in Aramark by 7.2% in the 3rd quarter. Franklin Resources Inc. now owns 6,570,938 shares of the company’s stock valued at $254,427,000 after buying an additional 441,711 shares in the last quarter. Sarasin & Partners LLP raised its holdings in Aramark by 15.9% during the fourth quarter. Sarasin & Partners LLP now owns 259,364 shares of the company’s stock worth $9,677,000 after purchasing an additional 35,616 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Aramark by 45.7% during the 4th quarter. Jones Financial Companies Lllp now owns 988 shares of the company’s stock valued at $37,000 after purchasing an additional 310 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of Aramark by 42.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 199,657 shares of the company’s stock worth $7,470,000 after buying an additional 59,225 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in Aramark by 3.4% during the fourth quarter. HighTower Advisors LLC now owns 17,067 shares of the company’s stock valued at $637,000 after buying an additional 563 shares in the last quarter.

Wall Street Analysts Forecast Growth

ARMK has been the subject of several recent research reports. StockNews.com downgraded shares of Aramark from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. UBS Group decreased their price target on Aramark from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Citigroup started coverage on Aramark in a research note on Monday, February 24th. They issued a “buy” rating and a $48.00 price objective on the stock. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $47.00 target price on shares of Aramark in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $43.08.

Aramark Trading Up 0.6 %

Shares of Aramark stock opened at $32.18 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. Aramark has a 1 year low of $29.82 and a 1 year high of $42.49. The company’s fifty day simple moving average is $34.80 and its 200-day simple moving average is $37.32. The company has a market cap of $8.53 billion, a price-to-earnings ratio of 25.33 and a beta of 1.37.

Aramark (NYSE:ARMK) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. Aramark had a net margin of 1.94% and a return on equity of 14.72%. The business had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.61 billion. During the same quarter in the prior year, the business earned $0.41 earnings per share. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, sell-side analysts expect that Aramark will post 1.92 EPS for the current year.

Aramark Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Monday, February 10th were given a $0.105 dividend. This is a boost from Aramark’s previous quarterly dividend of $0.00. This represents a $0.42 annualized dividend and a yield of 1.31%. The ex-dividend date was Monday, February 10th. Aramark’s dividend payout ratio (DPR) is 33.07%.

Aramark Profile

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.