Aramark (NYSE:ARMK) Shares Bought by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado grew its stake in shares of Aramark (NYSE:ARMK) by 13.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 922,212 shares of the company’s stock after acquiring an additional 112,038 shares during the period. Public Employees Retirement Association of Colorado owned about 0.35% of Aramark worth $31,374,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. 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. Capital International Investors increased its stake in shares of Aramark by 0.4% in the first quarter. Capital International Investors now owns 23,712,814 shares of the company’s stock worth $771,141,000 after acquiring an additional 98,506 shares during the last quarter. Farallon Capital Management LLC increased its position in Aramark by 5.5% during the first quarter. Farallon Capital Management LLC now owns 17,822,937 shares of the company’s stock worth $579,602,000 after buying an additional 923,683 shares during the last quarter. Janus Henderson Group PLC increased its position in Aramark by 5.4% during the first quarter. Janus Henderson Group PLC now owns 13,391,832 shares of the company’s stock worth $435,501,000 after buying an additional 681,735 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Aramark by 18.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,731,963 shares of the company’s stock worth $160,977,000 after buying an additional 720,738 shares during the last quarter.

Aramark Stock Performance

NYSE:ARMK opened at $38.90 on Friday. Aramark has a 1 year low of $23.95 and a 1 year high of $38.99. The firm has a 50 day moving average of $35.35 and a 200-day moving average of $33.38. 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 stock has a market capitalization of $10.23 billion, a P/E ratio of 16.34, a price-to-earnings-growth ratio of 2.04 and a beta of 1.62.

Aramark (NYSE:ARMK) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.31 earnings per share 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 firm had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.31 billion. During the same quarter in the previous year, the company posted $0.36 EPS. Aramark’s revenue was up 8.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Aramark will post 1.57 EPS for the current fiscal year.

Aramark Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were given a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 0.98%. The ex-dividend date was Monday, August 19th. Aramark’s dividend payout ratio (DPR) is presently 15.97%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Truist Financial upped their price target on shares of Aramark from $37.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, September 12th. Bank of America increased their target price on shares of Aramark from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Aramark from a “hold” rating to a “buy” rating and increased their target price for the company from $36.00 to $39.00 in a research note on Wednesday, August 7th. Royal Bank of Canada upgraded shares of Aramark from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $36.00 to $42.50 in a research note on Tuesday. Finally, Morgan Stanley increased their target price on shares of Aramark from $35.00 to $38.00 and gave the company an “equal weight” rating in a research note on Monday, September 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company’s stock. Based on 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.