Segall Bryant & Hamill LLC cut its stake in shares of Aramark (NYSE:ARMK) by 10.0% during the 1st quarter, HoldingsChannel reports. The fund owned 871,892 shares of the company’s stock after selling 96,434 shares during the period. Segall Bryant & Hamill LLC’s holdings in Aramark were worth $34,492,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Verition Fund Management LLC bought a new position in Aramark during the first quarter worth $1,145,000. Sciencast Management LP lifted its stake in shares of Aramark by 141.1% in the first quarter. Sciencast Management LP now owns 18,289 shares of the company’s stock valued at $698,000 after buying an additional 10,703 shares in the last quarter. Otter Creek Advisors LLC lifted its stake in shares of Aramark by 18.2% in the first quarter. Otter Creek Advisors LLC now owns 218,609 shares of the company’s stock valued at $8,648,000 after buying an additional 33,650 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake in shares of Aramark by 866.3% in the first quarter. Cubist Systematic Strategies LLC now owns 111,097 shares of the company’s stock valued at $4,395,000 after buying an additional 99,600 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Aramark in the first quarter valued at $654,000. 94.72% of the stock is currently owned by institutional investors and hedge funds.
ARMK has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Aramark from a “hold” rating to a “sell” rating in a research note on Thursday, April 19th. TheStreet lowered shares of Aramark from a “b” rating to a “c+” rating in a research note on Tuesday, May 8th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Aramark currently has a consensus rating of “Buy” and an average price target of $47.33.
Aramark (NYSE:ARMK) last announced its earnings results on Tuesday, May 8th. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.91 billion. Aramark had a net margin of 3.29% and a return on equity of 17.96%. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 earnings per share. research analysts forecast that Aramark will post 2.02 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, May 31st. Stockholders of record on Thursday, May 17th were issued a $0.105 dividend. The ex-dividend date was Wednesday, May 16th. This represents a $0.42 annualized dividend and a dividend yield of 1.06%. Aramark’s dividend payout ratio is currently 23.73%.
Aramark Company Profile
Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in North America and internationally. The company operates through three segments: Food and Support Services North America, Food and Support Services International, Uniform and Career Apparel.
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