First Eagle Investment Management LLC Grows Stock Holdings in Aramark (NYSE:ARMK)

First Eagle Investment Management LLC raised its stake in Aramark (NYSE:ARMK) by 16.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,735 shares of the company’s stock after buying an additional 1,900 shares during the period. First Eagle Investment Management LLC’s holdings in Aramark were worth $467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Aramark by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 25,584,242 shares of the company’s stock valued at $718,917,000 after buying an additional 139,693 shares during the period. Capital International Investors boosted its position in Aramark by 0.4% in the 1st quarter. Capital International Investors now owns 23,712,814 shares of the company’s stock valued at $771,141,000 after buying an additional 98,506 shares during the period. Farallon Capital Management LLC boosted its position in Aramark by 5.5% in the 1st quarter. Farallon Capital Management LLC now owns 17,822,937 shares of the company’s stock valued at $579,602,000 after buying an additional 923,683 shares during the period. Janus Henderson Group PLC boosted its position in Aramark by 5.4% in the 1st quarter. Janus Henderson Group PLC now owns 13,391,832 shares of the company’s stock valued at $435,501,000 after buying an additional 681,735 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Aramark by 18.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,731,963 shares of the company’s stock worth $160,977,000 after purchasing an additional 720,738 shares during the period.

Aramark Trading Down 3.0 %

Shares of Aramark stock opened at $37.75 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 1.71. Aramark has a 12-month low of $23.95 and a 12-month high of $38.99. The firm has a market capitalization of $9.93 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 2.04 and a beta of 1.62. The firm’s 50 day simple moving average is $35.43 and its two-hundred day simple moving average is $33.44.

Aramark (NYSE:ARMK) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. Aramark had a net margin of 1.93% and a return on equity of 14.09%. The business had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.31 billion. During the same quarter in the prior year, the business posted $0.36 EPS. Aramark’s revenue for the quarter was up 8.0% compared to the same quarter last year. Analysts predict that Aramark will post 1.57 EPS for the current year.

Aramark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were paid 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 15.97%.

Analyst Ratings Changes

Several brokerages have recently weighed in on ARMK. Robert W. Baird upped their price target on shares of Aramark from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. StockNews.com raised shares of Aramark from a “sell” rating to a “hold” rating in a research report on Saturday. Deutsche Bank Aktiengesellschaft raised shares of Aramark from a “hold” rating to a “buy” rating and upped their price target for the stock from $36.00 to $39.00 in a research report on Wednesday, August 7th. Oppenheimer upped their price target 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. Finally, UBS Group upped their price target on shares of Aramark from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, June 21st. Three 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.36.

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.