Squar Milner Financial Services LLC Raises Holdings in Aramark (NYSE:ARMK)

Squar Milner Financial Services LLC grew its position in shares of Aramark (NYSE:ARMK) by 8.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,712 shares of the company’s stock after purchasing an additional 288 shares during the quarter. Squar Milner Financial Services LLC’s holdings in Aramark were worth $134,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. First Hawaiian Bank lifted its position in Aramark by 61.1% in the first quarter. First Hawaiian Bank now owns 2,201 shares of the company’s stock valued at $65,000 after purchasing an additional 835 shares during the period. Machina Capital S.A.S. grew its stake in Aramark by 18.3% in the 2nd quarter. Machina Capital S.A.S. now owns 5,456 shares of the company’s stock worth $197,000 after acquiring an additional 844 shares during the period. New Jersey Better Educational Savings Trust purchased a new stake in Aramark in the 1st quarter worth approximately $236,000. Raymond James Trust N.A. purchased a new stake in Aramark in the 1st quarter worth approximately $261,000. Finally, Janney Capital Management LLC grew its stake in Aramark by 10.3% in the 1st quarter. Janney Capital Management LLC now owns 8,998 shares of the company’s stock worth $266,000 after acquiring an additional 837 shares during the period. 97.84% of the stock is currently owned by institutional investors.

A number of equities analysts have weighed in on ARMK shares. Stifel Nicolaus reiterated a “hold” rating and issued a $36.00 price target on shares of Aramark in a report on Wednesday. Morgan Stanley set a $34.00 target price on shares of Aramark and gave the company a “hold” rating in a report on Wednesday, May 8th. Robert W. Baird lowered shares of Aramark from an “outperform” rating to a “neutral” rating and lifted their target price for the company from $38.00 to $40.00 in a report on Wednesday. Zacks Investment Research upgraded shares of Aramark from a “sell” rating to a “hold” rating in a report on Tuesday, July 16th. Finally, TheStreet upgraded shares of Aramark from a “c+” rating to a “b-” rating in a report on Friday, July 5th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Aramark presently has a consensus rating of “Hold” and an average target price of $39.42.

Shares of ARMK stock traded down $0.26 during trading hours on Wednesday, reaching $36.26. 101,241 shares of the stock traded hands, compared to its average volume of 2,782,271. Aramark has a 1-year low of $25.49 and a 1-year high of $43.70. The firm has a fifty day moving average of $35.83. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.14 and a quick ratio of 0.97. The firm has a market capitalization of $8.73 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 1.91 and a beta of 0.91.

Aramark (NYSE:ARMK) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.08. Aramark had a net margin of 3.27% and a return on equity of 17.31%. The firm had revenue of $4.01 billion for the quarter, compared to analyst estimates of $3.99 billion. During the same quarter in the prior year, the business earned $0.48 EPS. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, analysts forecast that Aramark will post 2.03 earnings per share for the current year.

The firm 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 dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.44 annualized dividend and a dividend yield of 1.21%. Aramark’s dividend payout ratio (DPR) is 22.11%.

Aramark Company Profile

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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