Focus Partners Advisor Solutions LLC acquired a new position in Aramark (NYSE:ARMK – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 16,927 shares of the company’s stock, valued at approximately $640,000.
A number of other large investors have also recently made changes to their positions in the business. Norges Bank bought a new position in shares of Aramark during the 2nd quarter valued at approximately $135,218,000. Soros Fund Management LLC purchased a new stake in Aramark in the second quarter worth about $64,902,000. Ilex Capital Partners UK LLP purchased a new stake in shares of Aramark in the 2nd quarter worth approximately $52,142,000. Sunriver Management LLC purchased a new stake in Aramark during the second quarter worth $51,865,000. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Aramark by 6.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 18,673,028 shares of the company’s stock worth $781,840,000 after purchasing an additional 1,067,132 shares during the last quarter.
Aramark Trading Down 1.9%
Shares of ARMK opened at $40.28 on Monday. Aramark has a 52-week low of $29.92 and a 52-week high of $44.49. The stock has a market cap of $10.59 billion, a PE ratio of 33.85, a price-to-earnings-growth ratio of 0.98 and a beta of 1.06. The company has a quick ratio of 1.13, a current ratio of 1.27 and a debt-to-equity ratio of 1.94. The firm’s fifty day moving average is $39.27 and its two-hundred day moving average is $38.62.
Aramark Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Wednesday, February 18th were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.2%. Aramark’s dividend payout ratio is currently 40.34%.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the stock. Citigroup increased their target price on shares of Aramark from $49.00 to $51.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Morgan Stanley set a $45.00 target price on Aramark in a report on Tuesday, February 10th. Stifel Nicolaus upped their price target on shares of Aramark from $44.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Robert W. Baird set a $50.00 price objective on Aramark in a research report on Wednesday, February 11th. Finally, UBS Group set a $47.00 target price on Aramark and gave the company a “buy” rating in a research report on Wednesday, February 11th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Aramark has a consensus rating of “Moderate Buy” and a consensus price target of $48.38.
View Our Latest Report on Aramark
Aramark Company Profile
Aramark (NYSE: ARMK) is a global provider of food services, facilities management and uniform solutions, serving clients across a wide array of industries including education, healthcare, business and government. The company operates through three primary segments: Food and Support Services, Uniform and Career Apparel, and Facility Services, delivering integrated solutions designed to enhance guest experiences, improve operational efficiencies and maintain safe, clean environments. Aramark’s offerings include corporate dining, patient and senior nutrition, campus dining, sports and entertainment concessions, custodial services, technical maintenance and industrial laundry.
Founded in 1959 and headquartered in Philadelphia, Pennsylvania, Aramark has expanded its footprint to more than 20 countries, with a strong presence in North America, Latin America, Europe and Asia.
See Also
- Five stocks we like better than Aramark
- The gold chart Wall Street is terrified of…
- America’s 1776 happening again
- What a Former CIA Agent Knows About the Coming Collapse
- Elon Musk already made me a “wealthy man”
- Unlocked: Elon Musk’s Next Big IPO
Receive News & Ratings for Aramark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aramark and related companies with MarketBeat.com's FREE daily email newsletter.
