Asset Management One Co. Ltd. Purchases 59,225 Shares of Aramark (NYSE:ARMK)

Asset Management One Co. Ltd. increased its position in Aramark (NYSE:ARMK) by 42.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 199,657 shares of the company’s stock after acquiring an additional 59,225 shares during the quarter. Asset Management One Co. Ltd. owned about 0.08% of Aramark worth $7,470,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Janus Henderson Group PLC raised its holdings in Aramark by 6.0% in the 3rd quarter. Janus Henderson Group PLC now owns 15,714,443 shares of the company’s stock worth $608,619,000 after acquiring an additional 896,288 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Aramark by 70.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,329,917 shares of the company’s stock worth $322,618,000 after purchasing an additional 3,430,131 shares during the period. Franklin Resources Inc. increased its holdings in shares of Aramark by 7.2% during the 3rd quarter. Franklin Resources Inc. now owns 6,570,938 shares of the company’s stock worth $254,427,000 after purchasing an additional 441,711 shares during the period. Geode Capital Management LLC increased its holdings in shares of Aramark by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 4,363,113 shares of the company’s stock worth $169,028,000 after purchasing an additional 45,384 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Aramark by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,732,661 shares of the company’s stock worth $67,106,000 after purchasing an additional 14,839 shares during the period.

Analyst Ratings Changes

Several research firms have recently issued reports on ARMK. Robert W. Baird boosted their price objective on shares of Aramark from $44.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Stifel Nicolaus boosted their price objective on shares of Aramark from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Truist Financial boosted their price objective on shares of Aramark from $42.00 to $46.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Morgan Stanley lifted their target price on shares of Aramark from $40.00 to $43.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $47.00 target price on shares of Aramark in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Aramark presently has an average rating of “Moderate Buy” and a consensus price target of $43.00.

Aramark Price Performance

NYSE:ARMK opened at $37.78 on Tuesday. The firm has a market cap of $10.02 billion, a PE ratio of 29.75 and a beta of 1.64. Aramark has a 12 month low of $29.78 and a 12 month high of $42.49. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 1.61. The company’s 50-day moving average price is $38.21 and its two-hundred day moving average price is $37.97.

Aramark (NYSE:ARMK) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.61 billion. Aramark had a net margin of 1.94% and a return on equity of 14.72%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 earnings per share. On average, equities analysts anticipate that Aramark will post 1.92 EPS for the current fiscal year.

Aramark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Monday, February 10th will be given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.11%. This is a positive change from Aramark’s previous quarterly dividend of $0.00. The ex-dividend date of this dividend is Monday, February 10th. Aramark’s dividend payout ratio is presently 33.07%.

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.