XTX Topco Ltd Makes New Investment in Aramark (NYSE:ARMK)

XTX Topco Ltd purchased a new position in Aramark (NYSE:ARMK) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,192 shares of the company’s stock, valued at approximately $755,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ARMK. Public Sector Pension Investment Board purchased a new stake in Aramark in the fourth quarter worth about $75,477,000. Norges Bank purchased a new stake in Aramark in the fourth quarter worth about $68,309,000. Farallon Capital Management LLC increased its position in Aramark by 5.5% in 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 in the last quarter. Schroder Investment Management Group increased its position in Aramark by 51.0% in the fourth quarter. Schroder Investment Management Group now owns 2,209,513 shares of the company’s stock worth $62,087,000 after buying an additional 746,618 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of 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 purchasing an additional 720,738 shares in the last quarter.

Aramark Price Performance

NYSE:ARMK opened at $37.75 on Monday. The firm has a market capitalization of $9.93 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 2.04 and a beta of 1.62. Aramark has a 1 year low of $23.95 and a 1 year high of $38.99. The business has a 50 day simple moving average of $35.43 and a 200-day simple moving average of $33.46. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.96 and a quick ratio of 0.86.

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

Aramark Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were paid a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Monday, August 19th. Aramark’s payout ratio is 15.97%.

Analyst Upgrades and Downgrades

ARMK has been the subject of several research analyst reports. Bank of America increased their target price on Aramark from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Morgan Stanley increased their target price on Aramark from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Monday, September 9th. Oppenheimer increased their target price on Aramark from $36.00 to $39.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Truist Financial increased their target price on Aramark from $37.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. Finally, Royal Bank of Canada upgraded Aramark from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $36.00 to $42.50 in a research report on Tuesday, September 17th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Aramark presently has an average rating of “Moderate Buy” and an average 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.