Inceptionr LLC Boosts Stake in Aramark (NYSE:ARMK)

Inceptionr LLC raised its holdings in Aramark (NYSE:ARMK) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,802 shares of the company’s stock after purchasing an additional 780 shares during the quarter. Inceptionr LLC’s holdings in Aramark were worth $1,821,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Huntington National Bank raised its position in Aramark by 100.3% in the third quarter. Huntington National Bank now owns 681 shares of the company’s stock valued at $26,000 after purchasing an additional 341 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Aramark in the 3rd quarter valued at $28,000. Jones Financial Companies Lllp raised its holdings in shares of Aramark by 45.7% in the 4th quarter. Jones Financial Companies Lllp now owns 988 shares of the company’s stock valued at $37,000 after buying an additional 310 shares during the period. UMB Bank n.a. raised its holdings in shares of Aramark by 75.2% in the 4th quarter. UMB Bank n.a. now owns 1,354 shares of the company’s stock valued at $51,000 after buying an additional 581 shares during the period. Finally, Global Retirement Partners LLC raised its holdings in shares of Aramark by 167.2% in the 4th quarter. Global Retirement Partners LLC now owns 1,424 shares of the company’s stock valued at $53,000 after buying an additional 891 shares during the period.

Aramark Price Performance

Shares of NYSE:ARMK opened at $35.85 on Thursday. The business’s fifty day moving average price is $37.68 and its two-hundred day moving average price is $38.12. The stock has a market cap of $9.50 billion, a PE ratio of 28.23 and a beta of 1.64. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 0.94. Aramark has a one year low of $29.82 and a one year high of $42.49.

Aramark (NYSE:ARMK) last announced its earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. Aramark had a return on equity of 14.72% and a net margin of 1.94%. The firm had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.61 billion. During the same quarter in the prior year, the firm earned $0.41 EPS. Aramark’s quarterly revenue was up 3.3% on a year-over-year basis. On average, analysts forecast that Aramark will post 1.92 EPS for the current fiscal year.

Aramark Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Monday, February 10th were issued a dividend of $0.105 per share. This is a boost from Aramark’s previous quarterly dividend of $0.00. The ex-dividend date was Monday, February 10th. This represents a $0.42 annualized dividend and a dividend yield of 1.17%. Aramark’s dividend payout ratio (DPR) is 33.07%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Robert W. Baird boosted their price objective on Aramark from $44.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Morgan Stanley upped their price objective on Aramark from $40.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Truist Financial upped their price objective on Aramark from $42.00 to $46.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. upped their target price on Aramark from $41.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Finally, Citigroup started coverage on Aramark in a research note on Monday, February 24th. They set a “buy” rating and a $48.00 price objective for the company. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Aramark presently has an average rating of “Moderate Buy” and an average target price of $43.42.

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.