Aramark (NYSE:ARMK) is Farallon Capital Management LLC’s 5th Largest Position

Farallon Capital Management LLC lowered its stake in shares of Aramark (NYSE:ARMKGet Rating) by 8.3% in the first quarter, Holdings Channel reports. The institutional investor owned 16,479,798 shares of the company’s stock after selling 1,482,685 shares during the period. Aramark accounts for 3.3% of Farallon Capital Management LLC’s holdings, making the stock its 5th biggest position. Farallon Capital Management LLC owned approximately 0.06% of Aramark worth $619,640,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. CWM LLC lifted its holdings in Aramark by 108.4% during the first quarter. CWM LLC now owns 667 shares of the company’s stock worth $25,000 after buying an additional 347 shares during the period. Allworth Financial LP purchased a new stake in Aramark during the first quarter worth $28,000. PNC Financial Services Group Inc. lifted its holdings in Aramark by 35.9% during the first quarter. PNC Financial Services Group Inc. now owns 1,693 shares of the company’s stock worth $64,000 after buying an additional 447 shares during the period. Prospera Financial Services Inc purchased a new stake in shares of Aramark during the 1st quarter valued at $141,000. Finally, MetLife Investment Management LLC purchased a new stake in shares of Aramark during the 1st quarter valued at $174,000.

Aramark Price Performance

NYSE:ARMK opened at $38.50 on Tuesday. Aramark has a 52 week low of $28.74 and a 52 week high of $39.95. The company has a quick ratio of 1.05, a current ratio of 1.25 and a debt-to-equity ratio of 2.77. The stock has a market capitalization of $9.92 billion, a PE ratio of 63.11, a price-to-earnings-growth ratio of 0.87 and a beta of 1.67. The stock’s 50-day moving average price is $34.40 and its 200-day moving average price is $34.58.

Aramark (NYSE:ARMKGet Rating) last posted its earnings results on Tuesday, August 9th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Aramark had a return on equity of 8.25% and a net margin of 1.00%. The firm had revenue of $4.13 billion for the quarter, compared to analysts’ expectations of $3.81 billion. During the same period last year, the firm earned $0.04 EPS. The company’s quarterly revenue was up 38.4% on a year-over-year basis. As a group, equities analysts expect that Aramark will post 1.18 EPS for the current fiscal year.

Aramark Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 30th. Stockholders of record on Wednesday, August 17th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Tuesday, August 16th. Aramark’s dividend payout ratio (DPR) is presently 72.13%.

Wall Street Analysts Forecast Growth

ARMK has been the subject of several analyst reports. Morgan Stanley increased their price objective on Aramark from $35.00 to $37.00 and gave the company an “equal weight” rating in a report on Wednesday, August 10th. Deutsche Bank Aktiengesellschaft raised their target price on Aramark from $38.00 to $40.00 and gave the stock a “hold” rating in a research note on Wednesday, August 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $39.29.

About Aramark

(Get Rating)

Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through three segments: Food and Support Services United States, Food and Support Services International, and Uniform and Career Apparel.

Read More

Want to see what other hedge funds are holding ARMK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aramark (NYSE:ARMKGet Rating).

Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

Receive News & Ratings for Aramark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aramark and related companies with MarketBeat.com's FREE daily email newsletter.