Stanley Capital Management LLC Has $7.98 Million Stake in Aramark (NYSE:ARMK)

Stanley Capital Management LLC lifted its holdings in shares of Aramark (NYSE:ARMK) by 53.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 234,600 shares of the company’s stock after purchasing an additional 82,000 shares during the quarter. Aramark accounts for about 1.6% of Stanley Capital Management LLC’s portfolio, making the stock its 29th biggest position. Stanley Capital Management LLC owned about 0.09% of Aramark worth $7,981,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Artisan Partners Limited Partnership lifted 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 buying an additional 33,206 shares in the last quarter. Bank of Nova Scotia boosted its stake in Aramark by 84.7% in the 4th quarter. Bank of Nova Scotia now owns 1,192,142 shares of the company’s stock worth $33,498,000 after purchasing an additional 546,796 shares during the period. SG Americas Securities LLC increased its holdings in 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 purchasing an additional 55,249 shares in the last quarter. Public Sector Pension Investment Board acquired a new stake in shares of Aramark in the 4th quarter valued at about $75,477,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Aramark by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 25,584,242 shares of the company’s stock valued at $718,917,000 after purchasing an additional 139,693 shares in the last quarter.

Aramark Stock Down 2.1 %

ARMK stock opened at $36.95 on Tuesday. Aramark has a 1-year low of $23.95 and a 1-year high of $38.99. The business’s 50 day simple moving average is $35.50 and its 200 day simple moving average is $33.49. 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 firm has a market capitalization of $9.72 billion, a PE ratio of 15.53, a PEG ratio of 2.04 and a beta of 1.62.

Aramark (NYSE:ARMK) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.30 by $0.01. The firm had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.31 billion. Aramark had a net margin of 1.93% and a return on equity of 14.09%. The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.36 earnings per share. As a group, research analysts anticipate that Aramark will post 1.57 EPS for the current year.

Aramark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were given a dividend of $0.095 per share. The ex-dividend date was Monday, August 19th. This represents a $0.38 annualized dividend and a yield of 1.03%. Aramark’s dividend payout ratio (DPR) is presently 15.97%.

Analyst Ratings Changes

A number of brokerages recently issued reports on ARMK. StockNews.com raised Aramark from a “sell” rating to a “hold” rating in a research report on Saturday. Morgan Stanley boosted their price objective on shares of Aramark from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Monday, September 9th. Deutsche Bank Aktiengesellschaft raised shares of Aramark from a “hold” rating to a “buy” rating and raised their target price for the company from $36.00 to $39.00 in a research report on Wednesday, August 7th. Truist Financial boosted their price target on shares of Aramark from $37.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. Finally, Robert W. Baird raised their price objective on Aramark from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $37.36.

About Aramark

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.