Oak Thistle LLC Acquires New Position in Aramark (NYSE:ARMK)

Oak Thistle LLC acquired a new stake in Aramark (NYSE:ARMKFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,731 shares of the company’s stock, valued at approximately $751,000.

Other hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp boosted its stake in Aramark by 82.7% during the fourth quarter. Fifth Third Bancorp now owns 1,873 shares of the company’s stock worth $53,000 after buying an additional 848 shares during the period. Pacer Advisors Inc. boosted its stake in Aramark by 78.9% during the fourth quarter. Pacer Advisors Inc. now owns 39,246 shares of the company’s stock worth $1,103,000 after buying an additional 17,303 shares during the period. SG Americas Securities LLC boosted its stake in Aramark by 711.4% during the fourth quarter. SG Americas Securities LLC now owns 41,918 shares of the company’s stock worth $1,178,000 after buying an additional 36,752 shares during the period. Sarasin & Partners LLP boosted its stake in Aramark by 7.0% during the fourth quarter. Sarasin & Partners LLP now owns 3,982,858 shares of the company’s stock worth $111,918,000 after buying an additional 259,026 shares during the period. Finally, Nordea Investment Management AB boosted its stake in Aramark by 121.0% during the fourth quarter. Nordea Investment Management AB now owns 368,303 shares of the company’s stock worth $10,268,000 after buying an additional 201,623 shares during the period.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Aramark in a research note on Wednesday, January 17th. They set a “buy” rating and a $33.00 target price for the company. Royal Bank of Canada reissued a “sector perform” rating and set a $33.00 price target on shares of Aramark in a research report on Wednesday, February 7th. StockNews.com began coverage on shares of Aramark in a research report on Thursday, December 7th. They set a “hold” rating on the stock. Morgan Stanley increased their price target on shares of Aramark from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Finally, Truist Financial increased their price target on shares of Aramark from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $33.04.

Read Our Latest Stock Analysis on Aramark

Aramark Stock Down 1.0 %

Shares of NYSE:ARMK opened at $31.96 on Wednesday. The firm’s 50 day moving average price is $30.74 and its 200 day moving average price is $29.19. The stock has a market cap of $8.39 billion, a price-to-earnings ratio of 13.37, a price-to-earnings-growth ratio of 1.31 and a beta of 1.48. Aramark has a fifty-two week low of $23.95 and a fifty-two week high of $33.04. The company has a quick ratio of 1.12, a current ratio of 1.27 and a debt-to-equity ratio of 2.08.

Aramark (NYSE:ARMKGet Free Report) last issued its earnings results on Tuesday, February 6th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.05. The firm had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Aramark had a net margin of 3.37% and a return on equity of 13.45%. The firm’s revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 earnings per share. As a group, equities research analysts predict that Aramark will post 1.56 earnings per share for the current fiscal year.

Aramark Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were paid a $0.095 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.38 annualized dividend and a yield of 1.19%. Aramark’s dividend payout ratio is currently 15.90%.

Aramark Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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