Royal London Asset Management Ltd. Boosts Stake in Aramark (NYSE:ARMK)

Royal London Asset Management Ltd. boosted its stake in Aramark (NYSE:ARMKFree Report) by 2.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 120,520 shares of the company’s stock after buying an additional 2,472 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Aramark were worth $3,387,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Aramark by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 25,444,549 shares of the company’s stock valued at $882,926,000 after buying an additional 152,572 shares in the last quarter. Morgan Stanley lifted its stake in Aramark by 1.5% in the 3rd quarter. Morgan Stanley now owns 12,758,467 shares of the company’s stock valued at $442,719,000 after buying an additional 186,969 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Aramark by 27.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,983,507 shares of the company’s stock worth $140,037,000 after purchasing an additional 1,081,358 shares during the period. Sarasin & Partners LLP lifted its stake in shares of Aramark by 7.0% during the 4th quarter. Sarasin & Partners LLP now owns 3,982,858 shares of the company’s stock worth $111,918,000 after purchasing an additional 259,026 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Aramark by 60.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,969,594 shares of the company’s stock worth $137,745,000 after purchasing an additional 1,492,542 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ARMK. Truist Financial increased their price target on Aramark from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Robert W. Baird increased their price target on Aramark from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Aramark presently has an average rating of “Moderate Buy” and an average target price of $33.32.

Read Our Latest Analysis on Aramark

Aramark Stock Up 1.7 %

Shares of NYSE ARMK opened at $33.25 on Monday. Aramark has a 12-month low of $23.95 and a 12-month high of $34.00. The company has a market cap of $8.74 billion, a P/E ratio of 13.97, a P/E/G ratio of 1.33 and a beta of 1.56. The company has a current ratio of 1.25, a quick ratio of 1.11 and a debt-to-equity ratio of 2.03. The stock has a fifty day moving average price of $32.10 and a 200 day moving average price of $30.35.

Aramark (NYSE:ARMKGet Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.03. Aramark had a return on equity of 13.82% and a net margin of 3.43%. The firm had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.25 billion. Research analysts anticipate that Aramark will post 1.57 EPS for the current fiscal year.

Aramark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were issued a $0.095 dividend. The ex-dividend date was Friday, May 10th. This represents a $0.38 annualized dividend and a yield of 1.14%. Aramark’s dividend payout ratio is currently 15.97%.

Aramark Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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