Rothschild Asset Management Inc. boosted its holdings in shares of Aramark (NYSE:ARMK) by 0.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 840,311 shares of the company’s stock after buying an additional 2,645 shares during the quarter. Rothschild Asset Management Inc. owned 0.34% of Aramark worth $31,176,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of ARMK. Mackay Shields LLC acquired a new stake in shares of Aramark during the 1st quarter worth approximately $550,000. Omnia Family Wealth LLC acquired a new stake in shares of Aramark during the 1st quarter worth approximately $103,000. State Board of Administration of Florida Retirement System grew its stake in shares of Aramark by 0.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 218,976 shares of the company’s stock worth $8,663,000 after purchasing an additional 1,554 shares during the period. Quantbot Technologies LP grew its stake in shares of Aramark by 7,434.4% during the 1st quarter. Quantbot Technologies LP now owns 53,042 shares of the company’s stock worth $2,098,000 after purchasing an additional 52,338 shares during the period. Finally, Pegasus Partners Ltd. grew its stake in shares of Aramark by 4.5% during the 1st quarter. Pegasus Partners Ltd. now owns 96,517 shares of the company’s stock worth $3,818,000 after purchasing an additional 4,147 shares during the period. 93.56% of the stock is owned by institutional investors.
A number of equities research analysts have recently commented on ARMK shares. Zacks Investment Research cut shares of Aramark from a “hold” rating to a “sell” rating in a research note on Thursday, April 19th. ValuEngine cut shares of Aramark from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. Morgan Stanley raised their price objective on shares of Aramark from $42.00 to $44.00 and gave the stock a “hold” rating in a research note on Wednesday, August 8th. Credit Suisse Group began coverage on shares of Aramark in a research note on Friday, August 10th. They set an “outperform” rating and a $52.00 price objective on the stock. Finally, TheStreet cut shares of Aramark from a “b” rating to a “c+” rating in a research note on Tuesday, May 8th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $46.43.
Aramark (NYSE:ARMK) last released its quarterly earnings results on Tuesday, August 7th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. Aramark had a net margin of 3.26% and a return on equity of 17.37%. The firm had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.92 billion. analysts forecast that Aramark will post 2.02 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 30th. Investors of record on Thursday, August 16th will be paid a $0.105 dividend. The ex-dividend date of this dividend is Wednesday, August 15th. This represents a $0.42 dividend on an annualized basis and a yield of 1.03%. Aramark’s dividend payout ratio is currently 23.73%.
Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in North America and internationally. The company operates through three segments: Food and Support Services North America, Food and Support Services International, Uniform and Career Apparel.
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