Aramark (NYSE:ARMK) Shares Acquired by Fractal Investments LLC

Fractal Investments LLC lifted its position in Aramark (NYSE:ARMK) by 115.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,800 shares of the company’s stock after purchasing an additional 9,000 shares during the period. Fractal Investments LLC’s holdings in Aramark were worth $627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ARMK. Huntington National Bank boosted its stake in shares of Aramark by 100.3% during the 3rd quarter. Huntington National Bank now owns 681 shares of the company’s stock worth $26,000 after acquiring an additional 341 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Aramark in the 3rd quarter worth about $28,000. UMB Bank n.a. grew its holdings in Aramark by 360.1% in the third quarter. UMB Bank n.a. now owns 773 shares of the company’s stock valued at $30,000 after purchasing an additional 605 shares during the period. Friedenthal Financial purchased a new stake in shares of Aramark in the third quarter valued at approximately $52,000. Finally, CWM LLC raised its stake in shares of Aramark by 112.6% during the 3rd quarter. CWM LLC now owns 1,822 shares of the company’s stock worth $71,000 after buying an additional 965 shares during the period.

Aramark Trading Up 0.6 %

NYSE ARMK opened at $37.90 on Thursday. Aramark has a 52 week low of $28.51 and a 52 week high of $42.49. The firm has a 50 day moving average of $38.67 and a two-hundred day moving average of $37.70. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $10.04 billion, a PE ratio of 38.28 and a beta of 1.64.

Aramark (NYSE:ARMK) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.61 billion. Aramark had a return on equity of 14.06% and a net margin of 1.51%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.41 earnings per share. As a group, research analysts expect that Aramark will post 1.93 EPS for the current fiscal year.

Aramark Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Monday, February 10th will be paid a dividend of $0.105 per share. The ex-dividend date is Monday, February 10th. This is an increase from Aramark’s previous quarterly dividend of $0.00. This represents a $0.42 annualized dividend and a yield of 1.11%. Aramark’s dividend payout ratio is currently 42.42%.

Analysts Set New Price Targets

Several brokerages recently commented on ARMK. JPMorgan Chase & Co. boosted their price target on shares of Aramark from $41.00 to $45.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Stifel Nicolaus upped their price target on shares of Aramark from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Truist Financial raised their price target on shares of Aramark from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. The Goldman Sachs Group boosted their price objective on Aramark from $38.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Robert W. Baird raised their target price on Aramark from $44.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.59.

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.