Aramark (NYSE:ARMK) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its holdings in Aramark (NYSE:ARMK) by 1.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 49,929 shares of the company’s stock after selling 799 shares during the quarter. Victory Capital Management Inc.’s holdings in Aramark were worth $1,863,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ARMK. Huntington National Bank raised its stake in shares of Aramark by 100.3% during the 3rd quarter. Huntington National Bank now owns 681 shares of the company’s stock worth $26,000 after buying an additional 341 shares during the period. Jones Financial Companies Lllp raised its position in Aramark by 45.7% during the fourth quarter. Jones Financial Companies Lllp now owns 988 shares of the company’s stock worth $37,000 after acquiring an additional 310 shares during the period. UMB Bank n.a. lifted its holdings in Aramark by 75.2% during the fourth quarter. UMB Bank n.a. now owns 1,354 shares of the company’s stock valued at $51,000 after purchasing an additional 581 shares in the last quarter. Global Retirement Partners LLC grew its position in shares of Aramark by 167.2% in the fourth quarter. Global Retirement Partners LLC now owns 1,424 shares of the company’s stock valued at $53,000 after purchasing an additional 891 shares during the period. Finally, Assetmark Inc. increased its stake in shares of Aramark by 62.7% during the third quarter. Assetmark Inc. now owns 2,154 shares of the company’s stock worth $83,000 after purchasing an additional 830 shares in the last quarter.

Aramark Trading Up 1.4 %

Shares of ARMK stock opened at $36.03 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. Aramark has a twelve month low of $29.82 and a twelve month high of $42.49. The company’s 50-day moving average price is $37.37 and its 200-day moving average price is $38.11. The stock has a market cap of $9.55 billion, a price-to-earnings ratio of 28.37 and a beta of 1.60.

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

Aramark Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Monday, February 10th were given a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.17%. This is a positive change from Aramark’s previous quarterly dividend of $0.00. The ex-dividend date was Monday, February 10th. Aramark’s dividend payout ratio is presently 33.07%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ARMK. StockNews.com lowered shares of Aramark from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Royal Bank of Canada restated an “outperform” rating and issued a $47.00 target price on shares of Aramark in a research report on Thursday, February 6th. Citigroup began coverage on Aramark in a research note on Monday, February 24th. They issued a “buy” rating and a $48.00 price target on the stock. Robert W. Baird increased their price objective on Aramark from $44.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Finally, Morgan Stanley lifted their target price on shares of Aramark from $40.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.42.

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.