Teachers Retirement System of The State of Kentucky Decreases Stock Position in Aramark (NYSE:ARMK)

Teachers Retirement System of The State of Kentucky trimmed its holdings in shares of Aramark (NYSE:ARMK) by 4.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 84,979 shares of the company’s stock after selling 4,100 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Aramark were worth $2,388,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ARMK. Public Sector Pension Investment Board purchased a new stake in shares of Aramark during the fourth quarter valued at $75,477,000. Norges Bank purchased a new stake in shares of Aramark during the 4th quarter valued at about $68,309,000. JPMorgan Chase & Co. boosted its holdings in shares of Aramark by 60.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,969,594 shares of the company’s stock valued at $137,745,000 after acquiring an additional 1,492,542 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Aramark by 27.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,983,507 shares of the company’s stock worth $140,037,000 after acquiring an additional 1,081,358 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in shares of Aramark by 182.0% during the fourth quarter. Russell Investments Group Ltd. now owns 1,443,849 shares of the company’s stock valued at $40,435,000 after purchasing an additional 931,904 shares during the last quarter.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Oppenheimer lifted their target price on shares of Aramark from $36.00 to $39.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Truist Financial lifted their price objective on Aramark from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Finally, Robert W. Baird increased their target price on Aramark from $35.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $34.11.

Aramark Stock Down 0.4 %

Shares of ARMK stock opened at $33.68 on Friday. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.25 and a quick ratio of 1.11. Aramark has a one year low of $23.95 and a one year high of $34.23. The company’s fifty day moving average price is $32.36 and its 200-day moving average price is $30.67. The company has a market capitalization of $8.86 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 1.35 and a beta of 1.56.

Aramark (NYSE:ARMK) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. The business had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.25 billion. Aramark had a return on equity of 13.82% and a net margin of 3.43%. Sell-side analysts expect that Aramark will post 1.57 EPS for the current fiscal year.

Aramark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were paid a $0.095 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.38 annualized dividend and a yield of 1.13%. Aramark’s payout ratio is 15.97%.

Aramark Company 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.