1 week Ago By Defense World Staff
JPMorgan Chase & Co. lessened its position in shares of Aramark ( NYSE:ARMK – Free Report ) by 38.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC.
The fund owned 735,317 shares of the company’s stock after selling 466,222 shares during the quarter. JPMorgan Chase & Co. owned 0.
28% of Aramark worth $27,435,000 at the end of the most recent reporting period. Other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp lifted its position in Aramark by 45.
7% during the fourth quarter. Jones Financial Companies Lllp now owns 988 shares of the company’s stock valued at $37,000 after purchasing an additional 310 shares during the period. UMB Bank n.
a. lifted its holdings in shares of Aramark by 75.2% in the 4th quarter.
UMB Bank n.a. now owns 1,354 shares of the company’s stock valued at $51,000 after buying an additional 581 shares during the period.
Global Retirement Partners LLC boosted its stake in shares of Aramark by 167.2% in the fourth quarter. Global Retirement Partners LLC now owns 1,424 shares of the company’s stock worth $53,000 after buying an additional 891 shares during the last quarter.
Wealthfront Advisers LLC acquired a new stake in Aramark during the fourth quarter worth about $83,000. Finally, GAMMA Investing LLC raised its position in Aramark by 29.9% during the fourth quarter.
GAMMA Investing LLC now owns 4,297 shares of the company’s stock valued at $160,000 after acquiring an additional 990 shares in the last quarter. Analyst Ratings Changes A number of equities research analysts have recently commented on the stock. Morgan Stanley raised their price objective on shares of Aramark from $40.
00 to $43.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. StockNews.
com cut shares of Aramark from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Robert W. Baird increased their target price on shares of Aramark from $44.
00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Citigroup initiated coverage on Aramark in a research report on Monday, February 24th.
They set a “buy” rating and a $48.00 target price on the stock. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $47.
00 price target on shares of Aramark in a report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.
com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.42. Aramark Trading Down 0.
7 % Shares of ARMK stock opened at $30.36 on Wednesday. Aramark has a fifty-two week low of $29.
82 and a fifty-two week high of $42.49. The company has a debt-to-equity ratio of 1.
61, a quick ratio of 0.84 and a current ratio of 0.94.
The stock’s fifty day moving average is $35.76 and its two-hundred day moving average is $37.63.
The firm has a market capitalization of $8.05 billion, a P/E ratio of 23.91 and a beta of 1.
37. Aramark ( NYSE:ARMK – Get Free Report ) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.
51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03.
Aramark had a net margin of 1.94% and a return on equity of 14.72%.
The firm had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.61 billion.
During the same period last year, the firm posted $0.41 earnings per share. The company’s revenue for the quarter was up 3.
3% on a year-over-year basis. Research analysts expect that Aramark will post 1.92 earnings per share for the current fiscal year.
Aramark Increases Dividend The business also recently declared a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Monday, February 10th were given a $0.105 dividend.
The ex-dividend date was Monday, February 10th. This is a positive change from Aramark’s previous quarterly dividend of $0.00.
This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.38%.
Aramark’s dividend payout ratio is 33.07%. About Aramark ( 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. See Also Five stocks we like better than Aramark What is a buyback in stocks? A comprehensive guide for investors Tariff-Proof Stocks: 3 Big Bargains With Huge Upside Potential What to Know About Investing in Penny Stocks Qualcomm Breaks Down But RSI Signals It’s Severely Oversold How to Use Stock Screeners to Find Stocks Tesla’s #1 Bull Cuts Target But Says It’s Still a Buy Want to see what other hedge funds are holding ARMK? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Aramark ( NYSE:ARMK – Free Report ). 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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