Eurizon Capital SGR S.p.A. purchased a new stake in Aramark (NYSE:ARMK – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 111,301 shares of the company’s stock, valued at approximately $4,104,000.
Other large investors have also added to or reduced their stakes in the company. Activest Wealth Management bought a new position in Aramark in the 4th quarter valued at about $27,000. Caitong International Asset Management Co. Ltd bought a new position in Aramark in the 3rd quarter valued at about $28,000. Quarry LP bought a new position in Aramark in the 3rd quarter valued at about $35,000. Osterweis Capital Management Inc. bought a new position in Aramark in the 2nd quarter valued at about $40,000. Finally, Torren Management LLC bought a new position in shares of Aramark during the 4th quarter worth approximately $43,000.
Aramark Trading Up 1.7%
NYSE:ARMK opened at $54.30 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.07 and a debt-to-equity ratio of 1.85. The stock has a market capitalization of $14.28 billion, a PE ratio of 40.52, a price-to-earnings-growth ratio of 1.10 and a beta of 1.12. The firm’s 50 day moving average is $46.05 and its 200 day moving average is $41.30. Aramark has a 12 month low of $35.07 and a 12 month high of $54.42.
Aramark Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $0.48 dividend on an annualized basis and a yield of 0.9%. Aramark’s payout ratio is presently 35.82%.
Analyst Ratings Changes
Several equities analysts have commented on the stock. Citigroup reissued a “buy” rating on shares of Aramark in a research report on Monday, May 18th. The Goldman Sachs Group reissued a “buy” rating and set a $51.00 target price on shares of Aramark in a research report on Wednesday, May 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Aramark in a research report on Friday, March 27th. Morgan Stanley lifted their target price on shares of Aramark from $45.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $54.00 target price on shares of Aramark in a research report on Wednesday, May 13th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Aramark has an average rating of “Moderate Buy” and an average target price of $54.25.
View Our Latest Stock Analysis on ARMK
Aramark Company Profile
Aramark (NYSE: ARMK) is a global provider of food services, facilities management and uniform solutions, serving clients across a wide array of industries including education, healthcare, business and government. The company operates through three primary segments: Food and Support Services, Uniform and Career Apparel, and Facility Services, delivering integrated solutions designed to enhance guest experiences, improve operational efficiencies and maintain safe, clean environments. Aramark’s offerings include corporate dining, patient and senior nutrition, campus dining, sports and entertainment concessions, custodial services, technical maintenance and industrial laundry.
Founded in 1959 and headquartered in Philadelphia, Pennsylvania, Aramark has expanded its footprint to more than 20 countries, with a strong presence in North America, Latin America, Europe and Asia.
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