Aramark (NYSE:ARMK) Shares Acquired by Neuberger Berman Group LLC

Neuberger Berman Group LLC lifted its position in shares of Aramark (NYSE:ARMKGet Rating) by 3.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,508,203 shares of the company’s stock after purchasing an additional 46,463 shares during the quarter. Neuberger Berman Group LLC owned 0.59% of Aramark worth $56,708,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC grew its stake in Aramark by 108.4% in the 1st quarter. CWM LLC now owns 667 shares of the company’s stock valued at $25,000 after acquiring an additional 347 shares during the period. Allworth Financial LP acquired a new stake in Aramark in the 1st quarter valued at $28,000. PNC Financial Services Group Inc. grew its stake in Aramark by 35.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,693 shares of the company’s stock valued at $64,000 after acquiring an additional 447 shares during the period. Prospera Financial Services Inc acquired a new stake in Aramark in the 1st quarter valued at $141,000. Finally, MetLife Investment Management LLC acquired a new stake in Aramark in the 1st quarter valued at $174,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of Aramark from $35.00 to $37.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 10th. Deutsche Bank Aktiengesellschaft raised their price objective on Aramark from $38.00 to $40.00 and gave the company a “hold” rating in a report on Wednesday, August 10th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Aramark has an average rating of “Hold” and a consensus target price of $40.50.

Aramark Stock Down 1.4 %

NYSE ARMK opened at $37.39 on Monday. 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 business’s fifty day simple moving average is $34.96 and its 200-day simple moving average is $34.62. The firm has a market cap of $9.64 billion, a PE ratio of 61.30, a P/E/G ratio of 0.86 and a beta of 1.67.

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

Aramark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 30th. Investors of record on Wednesday, August 17th were issued a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, August 16th. This represents a $0.44 annualized dividend and a yield of 1.18%. Aramark’s dividend payout ratio (DPR) is currently 72.13%.

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.

See Also

Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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