Picton Mahoney Asset Management Buys Shares of 108,785 Aramark (NYSE:ARMK)

Picton Mahoney Asset Management bought a new stake in shares of Aramark (NYSE:ARMK) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 108,785 shares of the company’s stock, valued at approximately $4,052,000.

Several other institutional investors have also modified their holdings of ARMK. Deseret Mutual Benefit Administrators bought a new stake in shares of Aramark in the 2nd quarter valued at $83,000. Quantbot Technologies LP bought a new stake in shares of Aramark in the 1st quarter valued at $191,000. First Mercantile Trust Co. increased its position in shares of Aramark by 11.0% in the 2nd quarter. First Mercantile Trust Co. now owns 5,217 shares of the company’s stock valued at $194,000 after buying an additional 518 shares in the last quarter. Teza Capital Management LLC bought a new stake in shares of Aramark in the 1st quarter valued at $233,000. Finally, PGGM Investments bought a new stake in shares of Aramark in the 2nd quarter valued at $234,000.

A number of equities analysts recently weighed in on ARMK shares. Barclays lowered shares of Aramark from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $35.00 to $32.00 in a research note on Friday. Berenberg Bank raised shares of Aramark to a “hold” rating and set a $36.00 target price for the company in a research note on Thursday, June 3rd. Zacks Investment Research lowered shares of Aramark from a “buy” rating to a “hold” rating in a research note on Tuesday, August 10th. Finally, Redburn Partners started coverage on shares of Aramark in a research note on Friday, September 10th. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Aramark presently has a consensus rating of “Hold” and a consensus target price of $34.22.

Aramark stock opened at $32.38 on Tuesday. The firm has a 50-day moving average of $34.22 and a 200-day moving average of $36.85. Aramark has a one year low of $24.92 and a one year high of $43.12. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.12 and a quick ratio of 0.95. The company has a market cap of $8.26 billion, a price-to-earnings ratio of -29.98 and a beta of 1.95.

Aramark (NYSE:ARMK) last posted its quarterly earnings data on Monday, August 9th. The company reported $0.02 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.02. Aramark had a negative net margin of 2.45% and a negative return on equity of 8.24%. The company had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same period in the prior year, the business posted ($0.69) EPS. The company’s quarterly revenue was up 38.5% on a year-over-year basis. As a group, sell-side analysts expect that Aramark will post -0.32 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 8th. Investors of record on Wednesday, August 25th were paid a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, August 24th. This represents a $0.44 annualized dividend and a yield of 1.36%. Aramark’s dividend payout ratio (DPR) is currently -258.82%.

Aramark Profile

Aramark engages in the provision of food, facilities, and uniform services. It operates through the following segments: Food and Support Services United States (FSS United States); Food and Support Services International (FSS International); and Uniform. The FSS United States segment offers food, hospitality and facility services for school districts, colleges and universities, healthcare facilities, businesses, sports, entertainment and recreational venues, conference and convention centers, national and state parks, and correctional institutions.

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Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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