BB&T Securities LLC raised its position in shares of Aramark (NYSE:ARMK) by 26.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 89,449 shares of the company’s stock after purchasing an additional 18,949 shares during the period. BB&T Securities LLC’s holdings in Aramark were worth $2,591,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of ARMK. First Hawaiian Bank grew its position in Aramark by 48.3% during the fourth quarter. First Hawaiian Bank now owns 1,366 shares of the company’s stock worth $40,000 after buying an additional 445 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Aramark by 985.5% during the third quarter. IFP Advisors Inc now owns 2,399 shares of the company’s stock valued at $103,000 after buying an additional 2,178 shares during the last quarter. Captrust Financial Advisors raised its position in shares of Aramark by 236.4% in the third quarter. Captrust Financial Advisors now owns 4,413 shares of the company’s stock worth $190,000 after acquiring an additional 3,101 shares during the period. Asset Management Group Inc. purchased a new stake in Aramark during the 3rd quarter valued at about $201,000. Finally, FNY Investment Advisers LLC lifted its holdings in Aramark by 204.3% during the 4th quarter. FNY Investment Advisers LLC now owns 7,000 shares of the company’s stock worth $202,000 after buying an additional 4,700 shares in the last quarter. Institutional investors own 99.97% of the company’s stock.
ARMK has been the subject of several research reports. Bank of America initiated coverage on shares of Aramark in a research note on Tuesday, October 23rd. They set a “buy” rating and a $49.00 price objective for the company. Barclays cut their price target on Aramark from $47.00 to $42.00 and set an “equal weight” rating for the company in a report on Wednesday, October 24th. ValuEngine cut Aramark from a “hold” rating to a “sell” rating in a research note on Friday, October 26th. Zacks Investment Research lowered Aramark from a “hold” rating to a “sell” rating in a research note on Tuesday, November 13th. Finally, Robert W. Baird raised Aramark from a “neutral” rating to an “outperform” rating and set a $44.00 target price for the company in a research note on Wednesday, November 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $42.27.
NYSE:ARMK opened at $31.25 on Thursday. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.04 and a current ratio of 1.21. The firm has a market cap of $7.88 billion, a P/E ratio of 15.70, a P/E/G ratio of 1.49 and a beta of 1.20. Aramark has a 52-week low of $27.37 and a 52-week high of $43.70.
Aramark (NYSE:ARMK) last issued its earnings results on Tuesday, February 5th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.08. The firm had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.19 billion. Aramark had a return on equity of 17.81% and a net margin of 3.27%. The business’s revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 earnings per share. Research analysts forecast that Aramark will post 2.12 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 28th. Stockholders of record on Thursday, February 14th will be paid a dividend of $0.11 per share. The ex-dividend date is Wednesday, February 13th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.41%. Aramark’s dividend payout ratio (DPR) is 22.11%.
In other Aramark news, Director Stephen I. Sadove bought 6,000 shares of the business’s stock in a transaction on Thursday, December 13th. The shares were bought at an average cost of $32.72 per share, for a total transaction of $196,320.00. Following the transaction, the director now owns 37,314 shares in the company, valued at approximately $1,220,914.08. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Eric J. Foss bought 92,564 shares of the stock in a transaction that occurred on Wednesday, December 12th. The shares were acquired at an average cost of $32.46 per share, with a total value of $3,004,627.44. Following the completion of the purchase, the chief executive officer now owns 1,679,407 shares in the company, valued at approximately $54,513,551.22. The disclosure for this purchase can be found here. 3.50% of the stock is owned by corporate insiders.
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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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