Everence Capital Management Inc. Takes $284,000 Position in Aramark (NYSE:ARMK)

Everence Capital Management Inc. bought a new position in Aramark (NYSE:ARMKFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,620 shares of the company’s stock, valued at approximately $284,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc raised its stake in shares of Aramark by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 7,621 shares of the company’s stock valued at $295,000 after acquiring an additional 265 shares during the period. Bradley Foster & Sargent Inc. CT lifted its stake in shares of Aramark by 0.4% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 69,987 shares of the company’s stock worth $2,381,000 after purchasing an additional 310 shares in the last quarter. Huntington National Bank boosted its position in shares of Aramark by 100.3% in the third 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. Cadent Capital Advisors LLC grew its stake in shares of Aramark by 4.7% in the third quarter. Cadent Capital Advisors LLC now owns 7,711 shares of the company’s stock valued at $299,000 after buying an additional 349 shares in the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of Aramark by 2.5% during the 3rd quarter. HighTower Advisors LLC now owns 16,504 shares of the company’s stock valued at $643,000 after buying an additional 395 shares during the period.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ARMK shares. UBS Group increased their price objective on shares of Aramark from $40.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. raised their price target on shares of Aramark from $41.00 to $45.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. StockNews.com lowered shares of Aramark from a “buy” rating to a “hold” rating in a report on Tuesday. Stifel Nicolaus lifted their target price on Aramark from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, Royal Bank of Canada raised Aramark from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $36.00 to $42.50 in a report on Tuesday, September 17th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.59.

Check Out Our Latest Stock Report on ARMK

Aramark Stock Down 1.3 %

NYSE:ARMK opened at $36.22 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 1.42. The stock has a 50 day moving average of $38.95 and a 200-day moving average of $36.95. The firm has a market capitalization of $9.59 billion, a PE ratio of 36.59 and a beta of 1.64. Aramark has a 52 week low of $28.30 and a 52 week high of $42.49.

Aramark (NYSE:ARMKGet Free Report) last issued its quarterly earnings data on Monday, November 11th. The company reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. The firm had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.46 billion. Aramark had a return on equity of 14.06% and a net margin of 1.51%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.64 EPS. Analysts predict that Aramark will post 1.92 EPS for the current year.

Aramark Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.001 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.00 dividend on an annualized basis and a dividend yield of 0.01%. Aramark’s dividend payout ratio (DPR) is presently 42.42%.

About Aramark

(Free Report)

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.

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Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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