Leeward Investments LLC MA Sells 7,620 Shares of Aramark (NYSE:ARMK)

Leeward Investments LLC MA trimmed its holdings in shares of Aramark (NYSE:ARMK) by 3.5% during the fourth quarter, HoldingsChannel reports. The firm owned 209,332 shares of the company’s stock after selling 7,620 shares during the quarter. Leeward Investments LLC MA’s holdings in Aramark were worth $7,810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Huntington National Bank raised its stake in shares of Aramark by 100.3% during the 3rd quarter. Huntington National Bank now owns 681 shares of the company’s stock worth $26,000 after purchasing an additional 341 shares during the period. Capital Performance Advisors LLP bought a new position in shares of Aramark during the 3rd quarter valued at approximately $28,000. UMB Bank n.a. grew its position in shares of Aramark by 75.2% during the 4th quarter. UMB Bank n.a. now owns 1,354 shares of the company’s stock valued at $51,000 after acquiring an additional 581 shares during the period. Global Retirement Partners LLC grew its position in shares of Aramark by 167.2% during the 4th quarter. Global Retirement Partners LLC now owns 1,424 shares of the company’s stock valued at $53,000 after acquiring an additional 891 shares during the period. Finally, CWM LLC grew its position in shares of Aramark by 112.6% during the 3rd quarter. CWM LLC now owns 1,822 shares of the company’s stock valued at $71,000 after acquiring an additional 965 shares during the period.

Aramark Stock Performance

Aramark stock opened at $35.92 on Monday. The firm’s 50 day simple moving average is $37.92 and its 200 day simple moving average is $38.07. The company has a current ratio of 0.94, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $9.52 billion, a PE ratio of 28.28 and a beta of 1.64. Aramark has a 1-year low of $29.82 and a 1-year high of $42.49.

Aramark (NYSE:ARMK) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The company had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.61 billion. Aramark had a return on equity of 14.72% and a net margin of 1.94%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company earned $0.41 earnings per share. As a group, analysts expect that Aramark will post 1.92 earnings per share for the current fiscal year.

Aramark Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Monday, February 10th will be given a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.17%. This is a boost from Aramark’s previous quarterly dividend of $0.00. The ex-dividend date is Monday, February 10th. Aramark’s dividend payout ratio is 33.07%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ARMK. Truist Financial boosted their target price on Aramark from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. boosted 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 lowered shares of Aramark from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Stifel Nicolaus increased their target price on shares of Aramark from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, Robert W. Baird increased their target price on shares of Aramark from $44.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Aramark presently has a consensus rating of “Moderate Buy” and an average target price of $43.00.

About Aramark

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.