Amalgamated Bank Buys 1,453 Shares of Aramark (NYSE:ARMK)

Amalgamated Bank boosted its stake in shares of Aramark (NYSE:ARMK) by 0.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 164,794 shares of the company’s stock after acquiring an additional 1,453 shares during the period. Amalgamated Bank owned 0.06% of Aramark worth $5,606,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ARMK. Artisan Partners Limited Partnership raised its stake in Aramark by 9.3% in the fourth quarter. Artisan Partners Limited Partnership now owns 391,727 shares of the company’s stock valued at $11,008,000 after purchasing an additional 33,206 shares in the last quarter. Bank of Nova Scotia lifted its holdings in shares of Aramark by 84.7% during the 4th quarter. Bank of Nova Scotia now owns 1,192,142 shares of the company’s stock worth $33,498,000 after acquiring an additional 546,796 shares during the period. SG Americas Securities LLC boosted its position in shares of Aramark by 131.8% during the 1st quarter. SG Americas Securities LLC now owns 97,167 shares of the company’s stock worth $3,160,000 after acquiring an additional 55,249 shares in the last quarter. Public Sector Pension Investment Board bought a new position in Aramark in the fourth quarter valued at approximately $75,477,000. Finally, Vanguard Group Inc. lifted its stake in Aramark by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 25,584,242 shares of the company’s stock worth $718,917,000 after purchasing an additional 139,693 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Robert W. Baird boosted their price target on Aramark from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft raised shares of Aramark from a “hold” rating to a “buy” rating and increased their target price for the stock from $36.00 to $39.00 in a report on Wednesday, August 7th. UBS Group lifted their price target on shares of Aramark from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, June 21st. JPMorgan Chase & Co. increased their price objective on shares of Aramark from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. Finally, Bank of America boosted their target price on shares of Aramark from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Aramark presently has an average rating of “Moderate Buy” and an average target price of $37.36.

Aramark Trading Down 3.0 %

Shares of ARMK stock opened at $37.75 on Friday. The stock has a 50-day moving average of $35.43 and a 200-day moving average of $33.42. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 1.71. The stock has a market cap of $9.93 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 2.04 and a beta of 1.62. Aramark has a 1-year low of $23.95 and a 1-year high of $38.99.

Aramark (NYSE:ARMK) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.01. Aramark had a net margin of 1.93% and a return on equity of 14.09%. The firm had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.31 billion. During the same quarter last year, the business earned $0.36 EPS. The company’s revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts forecast that Aramark will post 1.57 earnings per share for the current year.

Aramark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were issued a dividend of $0.095 per share. The ex-dividend date was Monday, August 19th. This represents a $0.38 dividend on an annualized basis and a yield of 1.01%. Aramark’s payout ratio is currently 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.