DnB Asset Management AS raised its position in shares of Aramark (NYSE:ARMK) by 6.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,900 shares of the company’s stock after buying an additional 1,900 shares during the period. DnB Asset Management AS’s holdings in Aramark were worth $1,183,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Macquarie Group Ltd. increased its stake in Aramark by 5.7% during the 4th quarter. Macquarie Group Ltd. now owns 347,447 shares of the company’s stock valued at $14,910,000 after purchasing an additional 18,716 shares in the last quarter. Two Sigma Advisers LP bought a new stake in Aramark during the 4th quarter valued at about $7,166,000. HBK Investments L P bought a new stake in Aramark during the 4th quarter valued at about $1,286,000. Mackay Shields LLC bought a new stake in Aramark during the 1st quarter valued at about $550,000. Finally, Raymond James & Associates increased its stake in Aramark by 11.1% during the 4th quarter. Raymond James & Associates now owns 49,073 shares of the company’s stock valued at $2,097,000 after purchasing an additional 4,909 shares in the last quarter. 93.62% of the stock is owned by institutional investors and hedge funds.
A number of analysts have recently issued reports on ARMK shares. Zacks Investment Research downgraded shares of Aramark from a “hold” rating to a “sell” rating in a report on Thursday, April 19th. ValuEngine downgraded shares of Aramark from a “hold” rating to a “sell” rating in a report on Friday. Finally, TheStreet downgraded shares of Aramark from a “b” rating to a “c+” rating in a report on Tuesday, May 8th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $47.33.
Aramark (NYSE:ARMK) last released its quarterly earnings data on Tuesday, May 8th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. Aramark had a net margin of 3.29% and a return on equity of 17.96%. The firm had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter last year, the business posted $0.45 earnings per share. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. equities analysts expect that Aramark will post 2.02 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 30th. Investors of record on Thursday, August 16th will be given a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.02%. The ex-dividend date is Wednesday, August 15th. Aramark’s dividend payout ratio is presently 23.73%.
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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