Envestnet Asset Management Inc. Has $16.15 Million Position in Aramark (NYSE:ARMK)

Envestnet Asset Management Inc. increased its holdings in Aramark (NYSE:ARMK) by 3.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 432,780 shares of the company’s stock after purchasing an additional 12,550 shares during the period. Envestnet Asset Management Inc. owned approximately 0.16% of Aramark worth $16,147,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its stake in Aramark by 45.7% in the 4th quarter. Jones Financial Companies Lllp now owns 988 shares of the company’s stock valued at $37,000 after buying an additional 310 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Aramark by 75.2% in the 4th quarter. UMB Bank n.a. now owns 1,354 shares of the company’s stock valued at $51,000 after purchasing an additional 581 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Aramark by 167.2% in the 4th quarter. Global Retirement Partners LLC now owns 1,424 shares of the company’s stock worth $53,000 after purchasing an additional 891 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of Aramark during the 4th quarter worth about $83,000. Finally, GAMMA Investing LLC lifted its holdings in Aramark by 29.9% during the 4th quarter. GAMMA Investing LLC now owns 4,297 shares of the company’s stock valued at $160,000 after purchasing an additional 990 shares during the last quarter.

Analyst Ratings Changes

Several research analysts have recently commented on ARMK shares. Royal Bank of Canada reissued an “outperform” rating and issued a $47.00 target price on shares of Aramark in a report on Thursday, February 6th. Citigroup began coverage on Aramark in a research note on Monday, February 24th. They issued a “buy” rating and a $48.00 price objective on the stock. StockNews.com lowered Aramark from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, UBS Group decreased their price objective on shares of Aramark from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $43.08.

Aramark Trading Down 0.2 %

ARMK opened at $32.62 on Wednesday. The firm’s fifty day moving average is $35.14 and its two-hundred day moving average is $37.45. The firm has a market cap of $8.65 billion, a PE ratio of 25.68 and a beta of 1.37. Aramark has a twelve month low of $29.82 and a twelve month high of $42.49. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 0.94.

Aramark (NYSE:ARMK) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Aramark had a return on equity of 14.72% and a net margin of 1.94%. The company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.61 billion. During the same quarter last year, the firm posted $0.41 earnings per share. Aramark’s revenue was up 3.3% compared to the same quarter last year. Equities research analysts anticipate that Aramark will post 1.92 EPS for the current year.

Aramark Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Monday, February 10th were paid a $0.105 dividend. This is a boost from Aramark’s previous quarterly dividend of $0.00. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.42 annualized dividend and a yield of 1.29%. Aramark’s payout ratio is presently 33.07%.

Aramark 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.