Sarasin & Partners LLP lifted its position in Aramark (NYSE:ARMK) by 7.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,139,852 shares of the company’s stock after purchasing an additional 77,821 shares during the quarter. Sarasin & Partners LLP’s holdings in Aramark were worth $42,289,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of ARMK. Omnia Family Wealth LLC bought a new stake in shares of Aramark in the first quarter worth about $103,000. Squar Milner Financial Services LLC bought a new stake in shares of Aramark in the second quarter worth about $105,000. FNY Investment Advisers LLC bought a new stake in shares of Aramark in the second quarter worth about $148,000. Aristotle Atlantic Partners LLC bought a new stake in shares of Aramark in the first quarter worth about $208,000. Finally, Raymond James Trust N.A. bought a new stake in shares of Aramark in the second quarter worth about $209,000. 93.56% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently issued reports on the company. Morgan Stanley lifted their target price on Aramark from $42.00 to $44.00 and gave the stock a “hold” rating in a report on Wednesday, August 8th. Robert W. Baird lowered Aramark from an “outperform” rating to a “neutral” rating and set a $37.00 price target for the company. in a research report on Wednesday, August 8th. ValuEngine lowered Aramark from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. Credit Suisse Group began coverage on Aramark in a research report on Friday. They issued an “outperform” rating and a $52.00 price target for the company. Finally, TheStreet upgraded Aramark from a “c+” rating to a “b-” rating in a research report on Friday, June 15th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $46.43.
Aramark (NYSE:ARMK) last released its quarterly earnings results on Tuesday, August 7th. The company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.05. The company had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.92 billion. Aramark had a return on equity of 17.37% and a net margin of 3.26%. analysts anticipate that Aramark will post 2.02 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 30th. Investors of record on Thursday, August 16th will be given a $0.105 dividend. The ex-dividend date of this dividend is Wednesday, August 15th. This represents a $0.42 annualized dividend and a yield of 1.05%. 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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