Public Employees Retirement Association of Colorado Has $31.37 Million Stock Holdings in Aramark (NYSE:ARMK)

Public Employees Retirement Association of Colorado increased its position in Aramark (NYSE:ARMK) by 13.8% during the second quarter, Holdings Channel reports. The firm owned 922,212 shares of the company’s stock after buying an additional 112,038 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Aramark were worth $31,374,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of ARMK. Public Sector Pension Investment Board acquired a new position in shares of Aramark during the 4th quarter worth approximately $75,477,000. Norges Bank bought a new position in shares of Aramark during the fourth quarter valued at $68,309,000. Farallon Capital Management LLC raised its stake in shares of Aramark by 5.5% during the first quarter. Farallon Capital Management LLC now owns 17,822,937 shares of the company’s stock valued at $579,602,000 after acquiring an additional 923,683 shares during the last quarter. Schroder Investment Management Group raised its stake in Aramark by 51.0% during the fourth quarter. Schroder Investment Management Group now owns 2,209,513 shares of the company’s stock worth $62,087,000 after buying an additional 746,618 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in 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 buying an additional 720,738 shares during the last quarter.

Analyst Ratings Changes

Several equities research analysts have weighed in on ARMK shares. StockNews.com downgraded shares of Aramark from a “hold” rating to a “sell” rating in a research note on Friday, September 13th. Deutsche Bank Aktiengesellschaft upgraded shares of Aramark from a “hold” rating to a “buy” rating and boosted their price target for the stock from $36.00 to $39.00 in a report on Wednesday, August 7th. UBS Group boosted their price target on shares of Aramark from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, June 21st. Royal Bank of Canada upgraded shares of Aramark from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $36.00 to $42.50 in a research note on Tuesday. Finally, Oppenheimer boosted their price target on shares of Aramark from $36.00 to $39.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.36.

Aramark Trading Up 2.2 %

Aramark stock opened at $38.90 on Friday. The stock has a market cap of $10.23 billion, a P/E ratio of 16.34, a PEG ratio of 2.04 and a beta of 1.62. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.96 and a quick ratio of 0.86. Aramark has a 1 year low of $23.95 and a 1 year high of $38.99. The firm’s 50 day moving average price is $35.35 and its 200-day moving average price is $33.38.

Aramark (NYSE:ARMK) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. The company had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.31 billion. Aramark had a net margin of 1.93% and a return on equity of 14.09%. Aramark’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.36 earnings per share. On average, equities analysts predict that Aramark will post 1.57 earnings per share for the current fiscal year.

Aramark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 0.98%. The ex-dividend date was Monday, August 19th. Aramark’s payout ratio is 15.97%.

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.