Robeco Institutional Asset Management B.V. Reduces Holdings in Aramark (NYSE:ARMK)

Robeco Institutional Asset Management B.V. decreased its position in shares of Aramark (NYSE:ARMK) by 32.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,593 shares of the company’s stock after selling 6,446 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Aramark were worth $490,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Thompson Siegel & Walmsley LLC increased its position in shares of Aramark by 9,798.2% in the 1st quarter. Thompson Siegel & Walmsley LLC now owns 3,533,675 shares of the company’s stock worth $104,421,000 after purchasing an additional 3,497,975 shares during the last quarter. BlackRock Inc. increased its position in shares of Aramark by 14.3% in the 1st quarter. BlackRock Inc. now owns 16,018,108 shares of the company’s stock worth $473,333,000 after purchasing an additional 2,006,743 shares during the last quarter. Sarasin & Partners LLP grew its position in shares of Aramark by 84.1% during the 2nd quarter. Sarasin & Partners LLP now owns 3,937,962 shares of the company’s stock valued at $142,003,000 after buying an additional 1,798,783 shares during the last quarter. Global Thematic Partners LLC grew its position in shares of Aramark by 101.0% during the 1st quarter. Global Thematic Partners LLC now owns 2,546,717 shares of the company’s stock valued at $75,255,000 after buying an additional 1,279,514 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Aramark by 55.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,707,484 shares of the company’s stock valued at $78,432,000 after buying an additional 969,260 shares during the last quarter. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently weighed in on ARMK shares. Morgan Stanley set a $34.00 price objective on shares of Aramark and gave the company a “hold” rating in a research report on Wednesday, May 8th. Zacks Investment Research raised shares of Aramark from a “sell” rating to a “hold” rating in a research report on Tuesday, July 16th. Robert W. Baird downgraded shares of Aramark from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from $38.00 to $40.00 in a research report on Wednesday. ValuEngine raised shares of Aramark from a “sell” rating to a “hold” rating in a research report on Thursday, May 30th. Finally, Nomura reaffirmed a “hold” rating and set a $28.00 price objective on shares of Aramark in a research report on Thursday. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $39.42.

Aramark stock traded down $0.01 during midday trading on Friday, reaching $37.65. 63,798 shares of the stock traded hands, compared to its average volume of 3,675,932. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 2.21. The stock has a fifty day moving average price of $35.92. The firm has a market cap of $9.28 billion, a price-to-earnings ratio of 18.93, a price-to-earnings-growth ratio of 1.97 and a beta of 0.91. Aramark has a fifty-two week low of $25.49 and a fifty-two week high of $43.70.

Aramark (NYSE:ARMK) last posted its earnings results on Tuesday, August 6th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.08. The firm had revenue of $4.01 billion during the quarter, compared to analyst estimates of $3.99 billion. Aramark had a net margin of 3.33% and a return on equity of 17.57%. Aramark’s revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.48 EPS. On average, research analysts expect that Aramark will post 2.03 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Wednesday, August 14th. Aramark’s dividend payout ratio is currently 22.11%.

About Aramark

Aramark provides food, facilities management, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in North America and internationally. It operates in three segments: Food and Support Services United States, Food and Support Services International, and Uniform and Career Apparel.

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Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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