Aramark (NYSE:ARMK) Shares Bought by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership raised its stake in Aramark (NYSE:ARMKFree Report) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 358,521 shares of the company’s stock after buying an additional 2,978 shares during the period. Artisan Partners Limited Partnership’s holdings in Aramark were worth $12,441,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Covestor Ltd increased its holdings in shares of Aramark by 126.6% in the second quarter. Covestor Ltd now owns 689 shares of the company’s stock valued at $30,000 after buying an additional 385 shares in the last quarter. Fifth Third Bancorp raised its stake in Aramark by 57.6% during the 2nd quarter. Fifth Third Bancorp now owns 780 shares of the company’s stock valued at $34,000 after purchasing an additional 285 shares during the period. S.A. Mason LLC acquired a new stake in Aramark during the 3rd quarter valued at $38,000. EverSource Wealth Advisors LLC raised its stake in Aramark by 2,269.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,161 shares of the company’s stock valued at $40,000 after purchasing an additional 1,112 shares during the period. Finally, CWM LLC raised its stake in Aramark by 67.0% during the 3rd quarter. CWM LLC now owns 1,196 shares of the company’s stock valued at $42,000 after purchasing an additional 480 shares during the period.

Analysts Set New Price Targets

ARMK has been the topic of several recent analyst reports. The Goldman Sachs Group initiated coverage on shares of Aramark in a research note on Wednesday, January 17th. They set a “buy” rating and a $33.00 target price on the stock. JPMorgan Chase & Co. cut their target price on shares of Aramark from $47.00 to $35.00 and set an “overweight” rating on the stock in a research note on Monday, October 16th. StockNews.com started coverage on shares of Aramark in a research note on Thursday, December 7th. They set a “hold” rating on the stock. Stifel Nicolaus lowered their price target on shares of Aramark from $45.00 to $33.00 and set a “buy” rating on the stock in a report on Tuesday, November 7th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $33.00 price target on shares of Aramark in a report on Wednesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $33.32.

Check Out Our Latest Stock Analysis on Aramark

Insider Activity

In other news, COO Marc A. Bruno sold 27,884 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $26.67, for a total value of $743,666.28. Following the sale, the chief operating officer now directly owns 225,653 shares of the company’s stock, valued at $6,018,165.51. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.92% of the stock is currently owned by company insiders.

Aramark Trading Up 3.7 %

Aramark stock opened at $30.51 on Friday. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.27 and a quick ratio of 0.92. The company has a market capitalization of $8.01 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 1.18 and a beta of 1.47. Aramark has a one year low of $23.55 and a one year high of $31.94. The company’s fifty day moving average price is $28.32 and its two-hundred day moving average price is $31.00.

Aramark (NYSE:ARMKGet Free Report) last posted its earnings results on Tuesday, February 6th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.36 by $0.05. The firm had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.29 billion. Aramark had a net margin of 3.37% and a return on equity of 13.45%. The business’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 earnings per share. On average, analysts forecast that Aramark will post 1.56 earnings per share for the current fiscal year.

Aramark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be given a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Tuesday, February 13th. 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.

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Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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