Fmr LLC Has $257.63 Million Stake in Aramark (NYSE:ARMK)

Fmr LLC decreased its holdings in Aramark (NYSE:ARMK) by 3.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,651,896 shares of the company’s stock after selling 217,460 shares during the quarter. Fmr LLC owned approximately 2.52% of Aramark worth $257,628,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Blue Trust Inc. raised its holdings in shares of Aramark by 173.9% in the third quarter. Blue Trust Inc. now owns 5,697 shares of the company’s stock valued at $221,000 after buying an additional 3,617 shares during the last quarter. Anthracite Investment Company Inc. bought a new position in shares of Aramark in the third quarter worth about $3,524,000. Leeward Investments LLC MA bought a new stake in shares of Aramark during the second quarter valued at approximately $9,263,000. Quest Partners LLC increased its holdings in shares of Aramark by 3,617,700.0% in the third quarter. Quest Partners LLC now owns 36,178 shares of the company’s stock valued at $1,401,000 after purchasing an additional 36,177 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Aramark by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,732,661 shares of the company’s stock worth $67,106,000 after purchasing an additional 14,839 shares during the last quarter.

Analyst Ratings Changes

Several equities research analysts have recently commented on ARMK shares. StockNews.com raised Aramark from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Robert W. Baird lifted their price objective on Aramark from $38.00 to $44.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th. Morgan Stanley boosted their price objective on Aramark from $38.00 to $40.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 12th. Royal Bank of Canada upgraded shares of Aramark from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $36.00 to $42.50 in a research report on Tuesday, September 17th. Finally, The Goldman Sachs Group increased their price objective on shares of Aramark from $38.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Aramark presently has an average rating of “Moderate Buy” and an average target price of $42.23.

Aramark Trading Down 0.2 %

ARMK opened at $40.69 on Monday. The firm’s fifty day moving average is $38.68 and its two-hundred day moving average is $35.84. The firm has a market cap of $10.74 billion, a PE ratio of 41.10 and a beta of 1.62. Aramark has a twelve month low of $26.58 and a twelve month high of $42.49. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.72 and a current ratio of 0.81.

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

Aramark Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.001 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.00 annualized dividend and a yield of 0.01%. Aramark’s dividend payout ratio (DPR) is currently 38.38%.

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.