2 weeks Ago By ABMN Staff
Dai ichi Life Insurance Company Ltd decreased its holdings in Aramark ( NYSE:ARMK – Free Report ) by 58.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,176 shares of the company’s stock after selling 72,818 shares during the period.
Dai ichi Life Insurance Company Ltd’s holdings in Aramark were worth $1,775,000 as of its most recent filing with the Securities & Exchange Commission. A number of other large investors have also modified their holdings of ARMK. American Century Companies Inc.
grew its stake in Aramark by 35.3% during the 2nd quarter. American Century Companies Inc.
now owns 24,137 shares of the company’s stock worth $821,000 after purchasing an additional 6,298 shares in the last quarter. AdvisorShares Investments LLC grew its holdings in Aramark by 33.6% during the 2nd quarter.
AdvisorShares Investments LLC now owns 4,370 shares of the company’s stock worth $145,000 after acquiring an additional 1,100 shares in the last quarter. Choreo LLC purchased a new stake in shares of Aramark in the 2nd quarter valued at approximately $229,000. Los Angeles Capital Management LLC acquired a new stake in shares of Aramark in the 2nd quarter valued at $211,000.
Finally, Arizona State Retirement System lifted its position in shares of Aramark by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 69,825 shares of the company’s stock worth $2,375,000 after purchasing an additional 1,345 shares during the last quarter.
Aramark Stock Performance Shares of ARMK stock opened at $38.21 on Monday. The stock’s 50-day moving average price is $34.
89 and its 200 day moving average price is $33.19. The company has a quick ratio of 0.
86, a current ratio of 0.96 and a debt-to-equity ratio of 1.71.
The stock has a market capitalization of $10.07 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 2.
04 and a beta of 1.62. Aramark has a 52-week low of $23.
95 and a 52-week high of $38.54. Aramark Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd.
Stockholders of record on Monday, August 19th were paid a $0.095 dividend. This represents a $0.
38 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Monday, August 19th.
Aramark’s dividend payout ratio (DPR) is presently 15.97%. Analyst Ratings Changes A number of analysts have weighed in on the company.
Royal Bank of Canada raised their price target on Aramark from $33.00 to $36.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 7th.
Bank of America boosted their target price on Aramark from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th.
JPMorgan Chase & Co. increased their price target on shares of Aramark from $39.00 to $41.
00 and gave the company an “overweight” rating in a research note on Monday, September 9th. UBS Group upped their target price on shares of Aramark from $35.00 to $40.
00 and gave the company a “buy” rating in a report on Friday, June 21st. Finally, Oppenheimer lifted their price target on shares of Aramark from $36.00 to $39.
00 and gave the stock an “outperform” rating in a research note on Wednesday, June 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $36.
89. Check Out Our Latest Stock Report on Aramark Aramark Profile ( Free Report ) 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. Further Reading Receive News & Ratings for Aramark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aramark and related companies with MarketBeat.com's FREE daily email newsletter .
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