M&T Bank Corp Has $294,000 Stock Position in Aramark (NYSE:ARMK)

M&T Bank Corp lessened its stake in shares of Aramark (NYSE:ARMK) by 16.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,505 shares of the company’s stock after selling 1,660 shares during the quarter. M&T Bank Corp’s holdings in Aramark were worth $294,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA raised its holdings in shares of Aramark by 63.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 13,593,734 shares of the company’s stock valued at $507,182,000 after purchasing an additional 5,263,817 shares during the period. Norges Bank bought a new position in Aramark in the 4th quarter valued at $88,949,000. Franklin Resources Inc. lifted its holdings in shares of Aramark by 29.5% during the 4th quarter. Franklin Resources Inc. now owns 8,511,152 shares of the company’s stock worth $317,551,000 after acquiring an additional 1,940,214 shares during the last quarter. PointState Capital LP lifted its holdings in shares of Aramark by 135.4% during the 4th quarter. PointState Capital LP now owns 2,690,617 shares of the company’s stock worth $100,387,000 after acquiring an additional 1,547,792 shares during the last quarter. Finally, Fiduciary Management Inc. WI raised its position in Aramark by 8.1% in the 4th quarter. Fiduciary Management Inc. WI now owns 11,454,740 shares of the company’s stock worth $427,376,000 after purchasing an additional 860,179 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ARMK shares. Morgan Stanley lifted their target price on shares of Aramark from $42.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, June 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $47.00 target price on shares of Aramark in a report on Wednesday, May 14th. UBS Group upped their target price on shares of Aramark from $40.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Finally, Wall Street Zen downgraded shares of Aramark from a “buy” rating to a “hold” rating in a research note on Saturday, June 28th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $43.91.

Aramark Trading Up 0.2%

NYSE:ARMK opened at $43.25 on Friday. The stock has a market capitalization of $11.33 billion, a price-to-earnings ratio of 33.27 and a beta of 1.28. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.08 and a current ratio of 1.21. Aramark has a 1 year low of $29.92 and a 1 year high of $44.01. The stock has a fifty day moving average price of $40.75 and a two-hundred day moving average price of $37.49.

Aramark (NYSE:ARMK) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.34 earnings per share for the quarter, beating 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 business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same period in the previous year, the company posted $0.30 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Aramark will post 1.92 earnings per share for the current fiscal year.

Aramark Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were issued a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 0.97%. Aramark’s dividend payout ratio (DPR) is 32.31%.

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.