Aramark (NYSE:ARMK) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board decreased its holdings in Aramark (NYSE:ARMK) by 1.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 497,300 shares of the company’s stock after selling 9,200 shares during the period. Canada Pension Plan Investment Board owned approximately 0.19% of Aramark worth $16,918,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of ARMK. Public Employees Retirement Association of Colorado grew its holdings in shares of Aramark by 13.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 922,212 shares of the company’s stock valued at $31,374,000 after purchasing an additional 112,038 shares during the period. MQS Management LLC purchased a new stake in shares of Aramark in the 2nd quarter valued at approximately $283,000. XTX Topco Ltd acquired a new stake in shares of Aramark during the 2nd quarter worth approximately $755,000. First Eagle Investment Management LLC raised its position in shares of Aramark by 16.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 13,735 shares of the company’s stock valued at $467,000 after buying an additional 1,900 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in Aramark by 113.7% in the second quarter. Hsbc Holdings PLC now owns 427,472 shares of the company’s stock valued at $14,531,000 after acquiring an additional 227,465 shares during the last quarter.

Analyst Ratings Changes

A number of research firms have recently weighed in on ARMK. Bank of America increased their price target on Aramark from $36.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Royal Bank of Canada upgraded shares of Aramark from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $36.00 to $42.50 in a research report on Tuesday, September 17th. JPMorgan Chase & Co. upped their price objective on shares of Aramark from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Robert W. Baird lifted their target price on shares of Aramark from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Finally, Oppenheimer upped their price target on Aramark from $36.00 to $39.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 12th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Aramark has an average rating of “Moderate Buy” and a consensus price target of $37.36.

Aramark Stock Down 2.1 %

Shares of NYSE:ARMK opened at $36.95 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 0.96 and a debt-to-equity ratio of 1.71. Aramark has a fifty-two week low of $23.95 and a fifty-two week high of $38.99. The stock has a market cap of $9.72 billion, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 2.04 and a beta of 1.62. The firm’s 50 day moving average price is $35.50 and its 200 day moving average price is $33.49.

Aramark (NYSE:ARMK) last released its quarterly earnings data 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 business had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.31 billion. During the same period in the previous year, the company earned $0.36 EPS. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, equities research analysts predict that Aramark will post 1.57 earnings per share for the current fiscal year.

Aramark Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.03%. The ex-dividend date was Monday, August 19th. Aramark’s dividend payout ratio (DPR) is presently 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.