ARKO Corp. $ARKO Shares Sold by Deutsche Bank AG

Deutsche Bank AG cut its holdings in ARKO Corp. (NASDAQ:ARKO) by 10.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 71,999 shares of the company’s stock after selling 8,052 shares during the period. Deutsche Bank AG owned 0.06% of ARKO worth $284,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of ARKO by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,810 shares of the company’s stock valued at $302,000 after buying an additional 1,572 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of ARKO by 0.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 748,109 shares of the company’s stock valued at $2,955,000 after buying an additional 3,972 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of ARKO by 90.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,742 shares of the company’s stock valued at $64,000 after buying an additional 4,639 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of ARKO by 25.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 32,373 shares of the company’s stock valued at $214,000 after buying an additional 6,497 shares during the period. Finally, ProShare Advisors LLC grew its stake in shares of ARKO by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 22,671 shares of the company’s stock valued at $149,000 after buying an additional 7,459 shares during the period. 78.29% of the stock is owned by hedge funds and other institutional investors.

ARKO Stock Up 0.4%

ARKO stock opened at $5.00 on Friday. The company has a market cap of $563.70 million, a price-to-earnings ratio of 62.51 and a beta of 0.74. The company has a 50 day moving average of $4.62 and a two-hundred day moving average of $4.63. The company has a quick ratio of 1.11, a current ratio of 1.55 and a debt-to-equity ratio of 4.07. ARKO Corp. has a 12-month low of $3.51 and a 12-month high of $7.84.

ARKO (NASDAQ:ARKO) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.04 billion. ARKO had a net margin of 0.18% and a return on equity of 5.50%. On average, equities analysts anticipate that ARKO Corp. will post 0.2 earnings per share for the current fiscal year.

ARKO Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were issued a dividend of $0.03 per share. The ex-dividend date was Monday, August 18th. This represents a $0.12 annualized dividend and a dividend yield of 2.4%. ARKO’s payout ratio is presently 150.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Zacks Research upgraded shares of ARKO to a “strong-buy” rating in a report on Friday, August 8th. Raymond James Financial set a $8.00 price objective on shares of ARKO and gave the stock a “strong-buy” rating in a research note on Friday, August 8th. BMO Capital Markets upped their target price on shares of ARKO from $4.50 to $5.00 and gave the stock a “market perform” rating in a research report on Monday, May 12th. Wall Street Zen upgraded shares of ARKO from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Capital One Financial began coverage on shares of ARKO in a report on Thursday, May 8th. They issued an “overweight” rating and a $8.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $7.13.

ARKO Profile

Arko Corp. operates convenience stores in the United States. It operates through Retail, Wholesale, Fleet Fueling, and GPMP segments. The Retail segment engages in the sale of fuel and merchandise to retail consumers. Its Wholesale segment supplies fuel to third-party dealers and consignment agents. The Fleet Fueling segment supplies fuel to proprietary and third-party cardlock, and issuance of proprietary fuel cards.