Aramark (NYSE:ARMK) Stock Position Lifted by New York State Teachers Retirement System

New York State Teachers Retirement System grew its position in shares of Aramark (NYSE:ARMK) by 24.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 141,849 shares of the company’s stock after buying an additional 27,522 shares during the period. New York State Teachers Retirement System’s holdings in Aramark were worth $3,986,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ARMK. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Aramark by 31.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 8,279 shares of the company’s stock worth $311,000 after purchasing an additional 2,002 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Aramark by 17.0% in the 1st quarter. American Century Companies Inc. now owns 9,139 shares of the company’s stock worth $344,000 after purchasing an additional 1,325 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Aramark by 35.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,693 shares of the company’s stock worth $64,000 after purchasing an additional 447 shares during the last quarter. MetLife Investment Management LLC bought a new stake in shares of Aramark in the 1st quarter worth approximately $174,000. Finally, BlackRock Inc. lifted its holdings in shares of Aramark by 1.7% in the 1st quarter. BlackRock Inc. now owns 11,897,847 shares of the company’s stock worth $447,358,000 after purchasing an additional 198,530 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. The Goldman Sachs Group assumed coverage on Aramark in a report on Wednesday, January 17th. They issued a “buy” rating and a $33.00 price target on the stock. Morgan Stanley boosted their price target on Aramark from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Royal Bank of Canada reiterated a “sector perform” rating and set a $33.00 price target on shares of Aramark in a research report on Wednesday, February 7th. Finally, Truist Financial boosted their price target on Aramark from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Aramark currently has a consensus rating of “Moderate Buy” and an average price target of $33.04.

Aramark Stock Down 1.1 %

ARMK opened at $31.59 on Monday. Aramark has a one year low of $23.95 and a one year high of $33.04. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.12 and a current ratio of 1.27. The stock’s fifty day moving average is $31.22 and its 200-day moving average is $28.95. The company has a market capitalization of $8.29 billion, a PE ratio of 13.22, a P/E/G ratio of 1.27 and a beta of 1.48.

Aramark (NYSE:ARMK) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. The company had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.29 billion. Aramark had a return on equity of 13.45% and a net margin of 3.37%. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 EPS. On average, equities analysts predict that Aramark will post 1.56 EPS for the current fiscal year.

Aramark Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Tuesday, February 13th. Aramark’s dividend payout ratio (DPR) is presently 15.90%.

Aramark Company Profile

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.