Quantamental Technologies LLC grew its stake in shares of Aramark (NYSE:ARMK) by 7,068.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,996 shares of the company’s stock after buying an additional 18,731 shares during the quarter. Quantamental Technologies LLC’s holdings in Aramark were worth $561,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc grew its position in Aramark by 1.0% in the 3rd quarter. Vanguard Group Inc now owns 20,930,336 shares of the company’s stock worth $900,423,000 after purchasing an additional 217,046 shares in the last quarter. FMR LLC grew its position in Aramark by 16.6% in the 4th quarter. FMR LLC now owns 16,753,318 shares of the company’s stock worth $485,344,000 after purchasing an additional 2,390,912 shares in the last quarter. Atlanta Capital Management Co. L L C grew its position in Aramark by 3.6% in the 4th quarter. Atlanta Capital Management Co. L L C now owns 14,445,813 shares of the company’s stock worth $418,495,000 after purchasing an additional 502,826 shares in the last quarter. BlackRock Inc. grew its position in Aramark by 0.8% in the 4th quarter. BlackRock Inc. now owns 14,011,365 shares of the company’s stock worth $405,907,000 after purchasing an additional 112,878 shares in the last quarter. Finally, Lunia Capital LP grew its position in Aramark by 2,227.1% in the 4th quarter. Lunia Capital LP now owns 12,263,059 shares of the company’s stock worth $12,263,000 after purchasing an additional 11,736,091 shares in the last quarter.
A number of research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Aramark from a “sell” rating to a “hold” rating in a research report on Thursday, May 16th. Morgan Stanley set a $34.00 target price on shares of Aramark and gave the company a “hold” rating in a research report on Wednesday, May 8th. Nomura reissued a “neutral” rating and set a $28.00 target price (down from $46.00) on shares of Aramark in a research report on Monday, March 18th. Credit Suisse Group reduced their target price on shares of Aramark from $53.00 to $44.00 and set an “outperform” rating for the company in a research report on Wednesday, February 6th. Finally, Goldman Sachs Group cut shares of Aramark from a “buy” rating to a “neutral” rating in a research note on Monday, February 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $40.17.
In related news, EVP Lynn Mckee sold 43,915 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $29.58, for a total transaction of $1,299,005.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 3.30% of the stock is currently owned by company insiders.
Shares of Aramark stock traded down $0.43 on Wednesday, hitting $31.82. 3,991,562 shares of the company traded hands, compared to its average volume of 3,250,574. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.97 and a current ratio of 1.14. The stock has a market cap of $7.72 billion, a P/E ratio of 15.99, a price-to-earnings-growth ratio of 1.64 and a beta of 1.10. Aramark has a 12-month low of $25.49 and a 12-month high of $43.70.
Aramark (NYSE:ARMK) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.02. Aramark had a net margin of 3.27% and a return on equity of 17.31%. The firm had revenue of $4 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter last year, the company posted $0.48 EPS. The business’s quarterly revenue was up 1.5% on a year-over-year basis. On average, analysts predict that Aramark will post 2.12 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Wednesday, May 15th. Aramark’s dividend payout ratio is currently 22.11%.
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Aramark provides food, facilities management, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in North America and internationally. It operates in three segments: Food and Support Services United States, Food and Support Services International, and Uniform and Career Apparel.
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