Vanguard Group Inc. Has $718.92 Million Holdings in Aramark (NYSE:ARMK)

Vanguard Group Inc. boosted its stake in Aramark (NYSE:ARMK) by 0.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,584,242 shares of the company’s stock after buying an additional 139,693 shares during the quarter. Vanguard Group Inc. owned approximately 9.75% of Aramark worth $718,917,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Aramark in the 4th quarter valued at $28,000. Scarborough Advisors LLC acquired a new position in Aramark in the fourth quarter valued at about $34,000. Solstein Capital LLC bought a new stake in Aramark during the fourth quarter worth about $47,000. Fifth Third Bancorp increased its holdings in shares of Aramark by 82.7% during the fourth quarter. Fifth Third Bancorp now owns 1,873 shares of the company’s stock worth $53,000 after buying an additional 848 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its stake in shares of Aramark by 44.0% in the fourth quarter. Quadrant Capital Group LLC now owns 2,716 shares of the company’s stock valued at $76,000 after acquiring an additional 830 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ARMK shares. Oppenheimer increased their price target on Aramark from $36.00 to $39.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. UBS Group raised their target price on Aramark from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday. Robert W. Baird upped their price target on shares of Aramark from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. Finally, Truist Financial raised their price objective on shares of Aramark from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.89.

Aramark Trading Up 0.7 %

Shares of NYSE ARMK opened at $33.91 on Friday. The company’s 50 day simple moving average is $32.41 and its 200 day simple moving average is $30.73. 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 fifty-two week low of $23.95 and a fifty-two week high of $34.23. The firm has a market capitalization of $8.92 billion, a P/E ratio of 14.25, a P/E/G 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. Aramark had a return on equity of 13.82% and a net margin of 3.43%. The company had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.25 billion. On average, analysts predict that Aramark will post 1.57 EPS for the current year.

Aramark Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.12%. Aramark’s dividend payout ratio (DPR) is presently 15.97%.

Aramark 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.