Segall Bryant & Hamill LLC decreased its position in Aramark (NYSE:ARMK) by 2.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 991,301 shares of the company’s stock after selling 26,986 shares during the period. Aramark makes up approximately 0.9% of Segall Bryant & Hamill LLC’s holdings, making the stock its 29th biggest position. Segall Bryant & Hamill LLC owned 0.40% of Aramark worth $40,257,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in ARMK. Toronto Dominion Bank lifted its stake in Aramark by 19.0% during the 2nd quarter. Toronto Dominion Bank now owns 3,027 shares of the company’s stock valued at $124,000 after acquiring an additional 483 shares during the period. Advisor Group Inc. lifted its stake in Aramark by 85.7% during the 3rd quarter. Advisor Group Inc. now owns 3,342 shares of the company’s stock valued at $136,000 after acquiring an additional 1,542 shares during the period. Acrospire Investment Management LLC lifted its stake in Aramark by 98.5% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,628 shares of the company’s stock valued at $149,000 after acquiring an additional 1,800 shares during the period. Pacer Advisors Inc. lifted its stake in Aramark by 8.3% during the 2nd quarter. Pacer Advisors Inc. now owns 4,871 shares of the company’s stock valued at $200,000 after acquiring an additional 374 shares during the period. Finally, HighTower Advisors LLC bought a new position in Aramark during the 2nd quarter valued at about $208,000. Institutional investors own 95.68% of the company’s stock.
In other Aramark news, Director Sanjeev K. Mehra purchased 19,640 shares of Aramark stock in a transaction dated Thursday, November 16th. The stock was purchased at an average price of $40.75 per share, with a total value of $800,330.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.90% of the stock is owned by corporate insiders.
ARMK has been the topic of several research analyst reports. Nomura restated a “buy” rating and set a $45.00 target price (up previously from $43.00) on shares of Aramark in a research note on Wednesday, August 9th. Morgan Stanley upped their target price on shares of Aramark from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Thursday, August 10th. BidaskClub cut shares of Aramark from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Royal Bank Of Canada restated a “buy” rating on shares of Aramark in a research note on Thursday, October 5th. Finally, Zacks Investment Research cut shares of Aramark from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 18th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $44.83.
Shares of Aramark (NYSE:ARMK) opened at $42.47 on Thursday. Aramark has a 52-week low of $32.87 and a 52-week high of $44.12. The company has a market cap of $10,394.55, a PE ratio of 23.97, a PEG ratio of 1.80 and a beta of 0.47. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.86 and a current ratio of 1.12.
Aramark (NYSE:ARMK) last released its quarterly earnings results on Tuesday, November 14th. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.02. Aramark had a net margin of 2.56% and a return on equity of 19.29%. The firm had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same quarter in the prior year, the firm earned $0.49 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. sell-side analysts expect that Aramark will post 1.96 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Monday, November 27th will be given a dividend of $0.105 per share. The ex-dividend date of this dividend is Friday, November 24th. This represents a $0.42 annualized dividend and a dividend yield of 0.99%. This is a positive change from Aramark’s previous quarterly dividend of $0.10. Aramark’s dividend payout ratio is presently 28.19%.
Aramark is a global provider of food, facilities and uniform services to education, healthcare, business and industry, and sports, leisure and corrections clients. The Company operates through three segments: Food and Support Services North America (FSS North America), Food and Support Services International (FSS International), and Uniform and Career Apparel (Uniform).
Receive News & Ratings for Aramark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aramark and related companies with MarketBeat.com's FREE daily email newsletter.