Sanctuary Advisors LLC Makes New Investment in Aramark (NYSE:ARMK)

Sanctuary Advisors LLC bought a new position in Aramark (NYSE:ARMK) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,552 shares of the company’s stock, valued at approximately $309,000.

A number of other hedge funds also recently made changes to their positions in ARMK. Huntington National Bank increased its position in shares of Aramark by 100.3% in the third 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 shares of Aramark during the third quarter worth about $28,000. UMB Bank n.a. grew its stake in shares of 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 buying an additional 605 shares in the last quarter. Friedenthal Financial purchased a new stake in shares of Aramark during the 3rd quarter valued at about $52,000. Finally, CWM LLC boosted its holdings in Aramark by 112.6% in the 3rd quarter. CWM LLC now owns 1,822 shares of the company’s stock worth $71,000 after acquiring an additional 965 shares during the period.

Analyst Ratings Changes

Several research analysts have recently weighed in on ARMK shares. Robert W. Baird upped their target price on shares of Aramark from $44.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. raised their target price on Aramark from $41.00 to $45.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. StockNews.com raised Aramark from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Royal Bank of Canada raised Aramark from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $36.00 to $42.50 in a report on Tuesday, September 17th. Finally, Morgan Stanley lifted their price objective on Aramark from $40.00 to $43.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $42.59.

Aramark Stock Down 0.6 %

Shares of Aramark stock opened at $37.43 on Friday. Aramark has a 12-month low of $27.47 and a 12-month high of $42.49. The stock has a market capitalization of $9.91 billion, a P/E ratio of 37.81 and a beta of 1.63. 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 50 day moving average price of $39.11 and a two-hundred day moving average price of $36.75.

Aramark (NYSE:ARMK) last posted its earnings results on Monday, November 11th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. Aramark had a net margin of 1.51% and a return on equity of 14.06%. The business had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.46 billion. During the same period last year, the business posted $0.64 EPS. Aramark’s revenue was up 5.2% compared to the same quarter last year. Equities analysts expect that Aramark will post 1.92 earnings per share for the current year.

Aramark Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.001 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.00 dividend on an annualized basis and a yield of 0.01%. Aramark’s dividend payout ratio is currently 42.42%.

Aramark 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.