US Bancorp DE Has $187,000 Stock Holdings in Aramark (NYSE:ARMK)

US Bancorp DE raised its holdings in Aramark (NYSE:ARMK) by 135.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,413 shares of the company’s stock after purchasing an additional 3,110 shares during the quarter. US Bancorp DE’s holdings in Aramark were worth $187,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of Aramark during the 4th quarter valued at $3,979,000. Bessemer Group Inc. boosted its holdings in shares of Aramark by 93.0% during the 4th quarter. Bessemer Group Inc. now owns 770 shares of the company’s stock valued at $29,000 after acquiring an additional 371 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in Aramark by 51.7% during the 4th quarter. Sterling Capital Management LLC now owns 16,369 shares of the company’s stock worth $611,000 after buying an additional 5,576 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in Aramark by 2.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 46,652 shares of the company’s stock worth $1,741,000 after buying an additional 950 shares during the period. Finally, Barclays PLC lifted its holdings in Aramark by 89.2% during the 4th quarter. Barclays PLC now owns 358,462 shares of the company’s stock worth $13,374,000 after buying an additional 169,044 shares during the period.

Aramark Trading Down 0.2%

Shares of ARMK stock opened at $39.59 on Friday. The business has a 50-day moving average price of $41.66 and a two-hundred day moving average price of $38.03. Aramark has a 12-month low of $29.92 and a 12-month high of $44.49. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 2.03. The firm has a market cap of $10.41 billion, a P/E ratio of 29.33 and a beta of 1.33.

Aramark (NYSE:ARMK) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. The firm had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.66 billion. Aramark had a return on equity of 15.67% and a net margin of 2.02%. The company’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.31 EPS. Equities analysts anticipate that Aramark will post 1.92 EPS for the current fiscal year.

Aramark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Wednesday, August 6th will be paid a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.1%. Aramark’s payout ratio is presently 31.11%.

Wall Street Analysts Forecast Growth

ARMK has been the subject of several research analyst reports. Wall Street Zen lowered Aramark from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Robert W. Baird raised Aramark from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $43.00 to $47.00 in a research report on Wednesday, August 6th. Morgan Stanley lifted their price objective on Aramark from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Monday, June 30th. UBS Group set a $46.00 price objective on Aramark and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $47.00 price objective on shares of Aramark in a research report on Wednesday, May 14th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $45.44.

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.