Aramark (NYSE:ARMK) Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its position in Aramark (NYSE:ARMK) by 3.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,055 shares of the company’s stock after acquiring an additional 1,020 shares during the period. State of Alaska Department of Revenue’s holdings in Aramark were worth $1,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ARMK. Jones Financial Companies Lllp raised its stake in shares of Aramark by 45.7% during 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 during the last quarter. HighTower Advisors LLC raised its stake in shares of Aramark by 3.4% during the 4th quarter. HighTower Advisors LLC now owns 17,067 shares of the company’s stock valued at $637,000 after buying an additional 563 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Aramark during the 4th quarter valued at about $3,979,000. Grantham Mayo Van Otterloo & Co. LLC raised its stake in shares of Aramark by 15.5% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,406,351 shares of the company’s stock valued at $52,471,000 after buying an additional 189,001 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Aramark during the 1st quarter valued at about $937,000.

Aramark Trading Up 1.9%

ARMK stock opened at $41.93 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.08 and a debt-to-equity ratio of 2.02. Aramark has a 12-month low of $29.92 and a 12-month high of $42.49. The stock has a market cap of $10.99 billion, a price-to-earnings ratio of 32.25 and a beta of 1.28. The business’s 50-day moving average is $38.08 and its 200 day moving average is $37.03.

Aramark (NYSE:ARMK) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. Aramark had a return on equity of 15.07% and a net margin of 1.97%. The company had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same period in the previous year, the firm posted $0.30 EPS. Aramark’s revenue was up 1.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Aramark will post 1.92 EPS for the current fiscal year.

Aramark Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were issued a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.00%. Aramark’s payout ratio is 32.31%.

Analyst Ratings Changes

A number of equities analysts have weighed in on ARMK shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $47.00 price objective on shares of Aramark in a research note on Wednesday, May 14th. UBS Group lifted their price objective on Aramark from $40.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, May 7th. Finally, Morgan Stanley raised their target price on Aramark from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 7th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Aramark has an average rating of “Moderate Buy” and an average price target of $43.73.

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.