Aramark (NYSE:ARMK) Shares Sold by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC lowered its holdings in shares of Aramark (NYSE:ARMK) by 6.1% in the second quarter, Holdings Channel reports. The firm owned 111,946 shares of the company’s stock after selling 7,213 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Aramark were worth $3,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of ARMK. Public Sector Pension Investment Board acquired a new stake in shares of Aramark during the fourth quarter worth about $75,477,000. Millennium Management LLC lifted its position in Aramark by 822.3% during the 2nd quarter. Millennium Management LLC now owns 1,677,629 shares of the company’s stock worth $57,073,000 after acquiring an additional 1,495,737 shares during the period. Farallon Capital Management LLC grew its stake in shares of Aramark by 5.5% in the 1st quarter. Farallon Capital Management LLC now owns 17,822,937 shares of the company’s stock valued at $579,602,000 after purchasing an additional 923,683 shares during the last quarter. Schroder Investment Management Group increased its holdings in shares of Aramark by 51.0% in the fourth quarter. Schroder Investment Management Group now owns 2,209,513 shares of the company’s stock valued at $62,087,000 after purchasing an additional 746,618 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Aramark by 18.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,731,963 shares of the company’s stock worth $160,977,000 after purchasing an additional 720,738 shares during the period.

Analyst Upgrades and Downgrades

ARMK has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price target on shares of Aramark from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Monday, September 9th. Deutsche Bank Aktiengesellschaft upgraded Aramark from a “hold” rating to a “buy” rating and boosted their target price for the stock from $36.00 to $39.00 in a research report on Wednesday, August 7th. Robert W. Baird upped their price objective on Aramark from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Bank of America raised their target price on Aramark from $36.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, Royal Bank of Canada raised shares of Aramark from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $36.00 to $42.50 in a research note on Tuesday, September 17th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $37.36.

Aramark Stock Performance

Shares of ARMK opened at $38.44 on Monday. Aramark has a 12-month low of $23.95 and a 12-month high of $38.99. The stock has a market cap of $10.11 billion, a P/E ratio of 16.15 and a beta of 1.62. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 1.71. The company has a 50-day moving average of $35.87 and a two-hundred day moving average of $33.65.

Aramark (NYSE:ARMK) last announced its earnings results on Tuesday, August 6th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. Aramark had a return on equity of 14.09% and a net margin of 1.93%. The firm had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.31 billion. During the same quarter in the prior year, the firm earned $0.36 EPS. Aramark’s quarterly revenue was up 8.0% on a year-over-year basis. As a group, research analysts predict that Aramark will post 1.56 EPS for the current fiscal year.

Aramark Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were paid a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 0.99%. The ex-dividend date was Monday, August 19th. Aramark’s payout ratio is 15.97%.

About Aramark

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.