1 week Ago By ABMN Staff
JPMorgan Chase & Co. cut its position in shares of Aramark ( NYSE:ARMK – Free Report ) by 38.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The firm owned 735,317 shares of the company’s stock after selling 466,222 shares during the period. JPMorgan Chase & Co.’s holdings in Aramark were worth $27,435,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Jones Financial Companies Lllp raised its position in shares of 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 buying an additional 310 shares during the period. UMB Bank n.a.
increased its stake in Aramark by 75.2% during the fourth quarter. UMB Bank n.
a. now owns 1,354 shares of the company’s stock worth $51,000 after acquiring an additional 581 shares during the last quarter. Global Retirement Partners LLC raised its position in Aramark by 167.
2% in the fourth quarter. Global Retirement Partners LLC now owns 1,424 shares of the company’s stock valued at $53,000 after purchasing an additional 891 shares during the period. Wealthfront Advisers LLC acquired a new position in shares of Aramark in the 4th quarter valued at $83,000.
Finally, GAMMA Investing LLC increased its position in shares of Aramark by 29.9% during the 4th quarter. GAMMA Investing LLC now owns 4,297 shares of the company’s stock worth $160,000 after purchasing an additional 990 shares during the last quarter.
Analysts Set New Price Targets A number of research analysts have commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $47.00 target price on shares of Aramark in a research report on Thursday, February 6th.
Morgan Stanley upped their price objective on shares of Aramark from $40.00 to $43.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th.
Citigroup started coverage on shares of Aramark in a research report on Monday, February 24th. They set a “buy” rating and a $48.00 price objective for the company.
Robert W. Baird boosted their target price on Aramark from $44.00 to $45.
00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Finally, StockNews.com cut Aramark from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th.
Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $43.42.
Aramark Trading Down 0.7 % ARMK opened at $30.36 on Wednesday.
The business has a fifty day moving average price of $35.76 and a 200 day moving average price of $37.63.
The company has a debt-to-equity ratio of 1.61, a current ratio of 0.94 and a quick ratio of 0.
84. Aramark has a 12 month low of $29.82 and a 12 month high of $42.
49. The stock has a market capitalization of $8.05 billion, a price-to-earnings ratio of 23.
91 and a beta of 1.37. Aramark ( NYSE:ARMK – Get Free Report ) last announced its quarterly earnings data on Tuesday, February 4th.
The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.
03. Aramark had a return on equity of 14.72% and a net margin of 1.
94%. The business had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.
61 billion. During the same period in the previous year, the company posted $0.41 earnings per share.
The business’s revenue for the quarter was up 3.3% on a year-over-year basis. Sell-side analysts expect that Aramark will post 1.
92 earnings per share for the current fiscal year. Aramark Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Monday, February 10th were given a dividend of $0.
105 per share. This is a boost from Aramark’s previous quarterly dividend of $0.00.
This represents a $0.42 annualized dividend and a dividend yield of 1.38%.
The ex-dividend date of this dividend was Monday, February 10th. Aramark’s 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 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.
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