Twinbeech Capital LP Acquires New Shares in Aramark (NYSE:ARMK)

Twinbeech Capital LP acquired a new stake in Aramark (NYSE:ARMK) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 81,772 shares of the company’s stock, valued at approximately $3,051,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bessemer Group Inc. lifted its holdings in shares of Aramark by 93.0% during the 4th quarter. Bessemer Group Inc. now owns 770 shares of the company’s stock valued at $29,000 after buying an additional 371 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Aramark by 45.7% during the 4th quarter. Jones Financial Companies Lllp now owns 988 shares of the company’s stock valued at $37,000 after buying an additional 310 shares during the period. UMB Bank n.a. lifted its holdings in shares of Aramark by 75.2% during the 4th quarter. UMB Bank n.a. now owns 1,354 shares of the company’s stock valued at $51,000 after buying an additional 581 shares during the period. Global Retirement Partners LLC lifted its holdings in shares of Aramark by 167.2% during the 4th quarter. Global Retirement Partners LLC now owns 1,424 shares of the company’s stock valued at $53,000 after buying an additional 891 shares during the period. Finally, Lazard Asset Management LLC bought a new position in shares of Aramark during the 4th quarter valued at $72,000.

Aramark Trading Down 0.1%

Shares of ARMK stock opened at $39.77 on Wednesday. Aramark has a 52-week low of $29.92 and a 52-week high of $42.49. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 0.94. The firm has a market capitalization of $10.42 billion, a PE ratio of 31.31 and a beta of 1.20. The stock has a fifty day simple moving average of $34.57 and a two-hundred day simple moving average of $36.95.

Aramark (NYSE:ARMK) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. Aramark had a return on equity of 14.72% and a net margin of 1.94%. The business had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the prior year, the business posted $0.30 EPS. Aramark’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, analysts predict that Aramark will post 1.92 EPS for the current fiscal year.

Aramark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.06%. Aramark’s payout ratio is presently 32.31%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ARMK shares. UBS Group increased their price target on Aramark from $40.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, May 7th. Royal Bank of Canada reissued an “outperform” rating and set a $47.00 price target on shares of Aramark in a report on Wednesday, May 14th. Morgan Stanley upped their price objective on Aramark from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 7th. Finally, Citigroup started coverage on Aramark in a research note on Monday, February 24th. They issued a “buy” rating and a $48.00 price objective for the company. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.33.

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.