Aramark (ARMK) Holdings Boosted by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. grew its position in Aramark (NYSE:ARMK) by 2.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 789,625 shares of the company’s stock after purchasing an additional 18,323 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Aramark were worth $33,970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. HPM Partners LLC boosted its position in shares of Aramark by 14.4% during the second quarter. HPM Partners LLC now owns 10,076 shares of the company’s stock worth $374,000 after acquiring an additional 1,269 shares during the last quarter. Aristotle Atlantic Partners LLC boosted its position in shares of Aramark by 26.7% during the second quarter. Aristotle Atlantic Partners LLC now owns 6,660 shares of the company’s stock worth $247,000 after acquiring an additional 1,404 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of Aramark by 49.0% during the second quarter. Fuller & Thaler Asset Management Inc. now owns 5,140 shares of the company’s stock worth $191,000 after acquiring an additional 1,690 shares during the last quarter. BB&T Securities LLC boosted its position in shares of Aramark by 16.5% during the second quarter. BB&T Securities LLC now owns 12,415 shares of the company’s stock worth $460,000 after acquiring an additional 1,754 shares during the last quarter. Finally, Aurora Investment Counsel boosted its position in shares of Aramark by 4.7% during the third quarter. Aurora Investment Counsel now owns 41,513 shares of the company’s stock worth $1,786,000 after acquiring an additional 1,874 shares during the last quarter.

In other Aramark news, EVP Stephen R. Reynolds sold 15,000 shares of the stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $41.33, for a total transaction of $619,950.00. Following the completion of the transaction, the executive vice president now owns 47,058 shares in the company, valued at $1,944,907.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.90% of the stock is owned by company insiders.

A number of equities analysts recently weighed in on the stock. Nomura dropped their target price on shares of Aramark from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Thursday, November 15th. ValuEngine upgraded shares of Aramark from a “sell” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research upgraded shares of Aramark from a “sell” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. dropped their target price on shares of Aramark from $53.00 to $48.00 and set an “overweight” rating for the company in a research report on Wednesday, November 14th. Finally, Royal Bank of Canada assumed coverage on shares of Aramark in a research report on Monday. They set an “outperform” rating and a $47.00 target price for the company. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $47.30.

ARMK stock opened at $36.92 on Friday. Aramark has a 52 week low of $33.98 and a 52 week high of $46.09. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.36 and a quick ratio of 1.03. The firm has a market cap of $9.10 billion, a price-to-earnings ratio of 18.55, a price-to-earnings-growth ratio of 1.27 and a beta of 0.88.

Aramark (NYSE:ARMK) last released its quarterly earnings data on Tuesday, November 13th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.03. Aramark had a net margin of 3.60% and a return on equity of 18.15%. The business had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same quarter last year, the business earned $0.54 earnings per share. Aramark’s quarterly revenue was up 7.1% compared to the same quarter last year. Research analysts anticipate that Aramark will post 2.37 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Monday, November 26th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, November 23rd. This represents a $0.44 annualized dividend and a yield of 1.19%. This is a positive change from Aramark’s previous quarterly dividend of $0.11. Aramark’s dividend payout ratio (DPR) is 21.11%.

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Aramark Profile

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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Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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