Elo Mutual Pension Insurance Co grew its holdings in Aramark (NYSE:ARMK – Free Report) by 53.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,799 shares of the company’s stock after acquiring an additional 17,716 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Aramark were worth $1,951,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Osterweis Capital Management Inc. bought a new stake in Aramark in the 2nd quarter valued at about $40,000. Hantz Financial Services Inc. raised its position in shares of Aramark by 1,323.1% in the second quarter. Hantz Financial Services Inc. now owns 1,295 shares of the company’s stock valued at $54,000 after buying an additional 1,204 shares in the last quarter. Clearstead Advisors LLC boosted its stake in shares of Aramark by 241.8% in the third quarter. Clearstead Advisors LLC now owns 1,545 shares of the company’s stock valued at $59,000 after buying an additional 1,093 shares during the period. Rothschild Investment LLC increased its stake in Aramark by 3,892.3% during the 3rd quarter. Rothschild Investment LLC now owns 1,557 shares of the company’s stock worth $60,000 after acquiring an additional 1,518 shares during the period. Finally, Bayforest Capital Ltd raised its holdings in Aramark by 75.1% in the 3rd quarter. Bayforest Capital Ltd now owns 2,124 shares of the company’s stock valued at $82,000 after acquiring an additional 911 shares in the last quarter.
Aramark Stock Performance
Shares of Aramark stock opened at $41.10 on Thursday. The company’s 50 day moving average price is $39.15 and its two-hundred day moving average price is $38.62. The firm has a market capitalization of $10.80 billion, a P/E ratio of 34.54, a P/E/G ratio of 0.99 and a beta of 1.06. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.27 and a quick ratio of 1.13. Aramark has a fifty-two week low of $29.92 and a fifty-two week high of $44.49.
Aramark Dividend Announcement
The firm 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. This represents a $0.48 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Wednesday, February 18th. Aramark’s dividend payout ratio (DPR) is 40.34%.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on ARMK shares. Morgan Stanley set a $45.00 target price on Aramark in a report on Tuesday, February 10th. Citigroup increased their price objective on shares of Aramark from $49.00 to $51.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Bank of America assumed coverage on shares of Aramark in a research report on Tuesday, February 17th. They issued a “buy” rating and a $50.00 target price for the company. Robert W. Baird set a $50.00 price target on shares of Aramark in a research report on Wednesday, February 11th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Aramark in a research note on Monday, December 29th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.38.
Read Our Latest Stock Analysis on Aramark
Aramark 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.
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