Ellington Management Group LLC acquired a new stake in Aramark (NYSE:ARMK) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 23,900 shares of the company’s stock, valued at approximately $1,021,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in ARMK. Cerebellum GP LLC purchased a new position in shares of Aramark in the 4th quarter valued at about $127,000. Advisor Group Inc. increased its holdings in shares of Aramark by 85.7% in the 3rd quarter. Advisor Group Inc. now owns 3,342 shares of the company’s stock valued at $136,000 after acquiring an additional 1,542 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Aramark by 91.7% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,450 shares of the company’s stock valued at $147,000 after acquiring an additional 1,650 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Aramark by 54.9% in the 4th quarter. SG Americas Securities LLC now owns 3,954 shares of the company’s stock valued at $169,000 after acquiring an additional 1,401 shares during the last quarter. Finally, Highlander Capital Management LLC purchased a new position in shares of Aramark in the 3rd quarter valued at about $203,000. Institutional investors and hedge funds own 94.69% of the company’s stock.
A number of research firms have recently commented on ARMK. Royal Bank of Canada reiterated a “buy” rating and issued a $50.00 price objective on shares of Aramark in a report on Wednesday, February 7th. Morgan Stanley raised their price target on Aramark from $41.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. Nomura dropped their price target on Aramark from $47.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, November 15th. Credit Suisse Group restated an “outperform” rating and set a $50.00 price target on shares of Aramark in a research note on Wednesday, January 24th. Finally, Barclays raised their price target on Aramark from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Saturday, December 30th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $47.43.
Aramark (NYSE:ARMK) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. The firm had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.88 billion. Aramark had a return on equity of 18.68% and a net margin of 3.65%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 EPS. analysts expect that Aramark will post 1.99 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Wednesday, February 14th were paid a dividend of $0.105 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.42 dividend on an annualized basis and a yield of 1.00%. Aramark’s dividend payout ratio is presently 19.53%.
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Aramark Company Profile
Aramark is a global provider of food, facilities and uniform services to education, healthcare, business and industry, and sports, leisure and corrections clients. The Company operates through three segments: Food and Support Services North America (FSS North America), Food and Support Services International (FSS International), and Uniform and Career Apparel (Uniform).
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