Schroder Investment Management Group Decreases Stock Position in Aramark (NYSE:ARMK)

Schroder Investment Management Group reduced its position in Aramark (NYSE:ARMKFree Report) by 5.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,462,895 shares of the company’s stock after selling 91,044 shares during the quarter. Schroder Investment Management Group owned approximately 0.56% of Aramark worth $50,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of ARMK. BlackRock Inc. grew its position in shares of Aramark by 102.9% in the first quarter. BlackRock Inc. now owns 24,774,397 shares of the company’s stock valued at $886,923,000 after purchasing an additional 12,562,434 shares in the last quarter. Morgan Stanley boosted its stake in Aramark by 1,042.8% during the fourth quarter. Morgan Stanley now owns 12,850,218 shares of the company’s stock valued at $531,228,000 after buying an additional 11,725,727 shares during the period. State Street Corp boosted its stake in Aramark by 63.3% during the first quarter. State Street Corp now owns 7,929,211 shares of the company’s stock valued at $283,866,000 after buying an additional 3,074,389 shares during the period. Norges Bank bought a new stake in Aramark during the fourth quarter valued at $95,987,000. Finally, Hudson Bay Capital Management LP bought a new stake in Aramark during the first quarter valued at $71,600,000.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ARMK shares. The Goldman Sachs Group started coverage on Aramark in a research note on Wednesday, January 17th. They set a “buy” rating and a $33.00 price objective for the company. StockNews.com started coverage on Aramark in a research note on Thursday, December 7th. They set a “hold” rating for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $33.00 price target on shares of Aramark in a research note on Wednesday, February 7th. Morgan Stanley boosted their target price on Aramark from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. Finally, Truist Financial boosted their target price on Aramark from $33.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $33.32.

Get Our Latest Research Report on ARMK

Insider Buying and Selling at Aramark

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

Aramark Stock Up 1.7 %

ARMK stock opened at $31.62 on Friday. Aramark has a fifty-two week low of $23.55 and a fifty-two week high of $31.94. The business’s 50 day moving average price is $29.57 and its two-hundred day moving average price is $29.98. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.12 and a current ratio of 1.27. The company has a market capitalization of $8.30 billion, a price-to-earnings ratio of 13.23, a price-to-earnings-growth ratio of 1.25 and a beta of 1.47.

Aramark (NYSE:ARMKGet Free Report) last posted its earnings results on Tuesday, February 6th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 13.45% and a net margin of 3.37%. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 EPS. As a group, analysts forecast that Aramark will post 1.56 earnings per share for the current fiscal year.

Aramark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were paid a dividend of $0.095 per share. The ex-dividend date was Tuesday, February 13th. This represents a $0.38 annualized dividend and a yield of 1.20%. Aramark’s dividend payout ratio is 15.90%.

Aramark Company 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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