California Public Employees Retirement System lessened its position in Aramark (NYSE:ARMK – Free Report) by 3.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 473,125 shares of the company’s stock after selling 18,425 shares during the period. California Public Employees Retirement System’s holdings in Aramark were worth $19,180,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Oak Thistle LLC grew its holdings in shares of Aramark by 428.2% during the 4th quarter. Oak Thistle LLC now owns 56,069 shares of the company’s stock worth $2,067,000 after purchasing an additional 45,453 shares during the period. Bank of New York Mellon Corp lifted its position in Aramark by 4.7% in the first quarter. Bank of New York Mellon Corp now owns 2,558,199 shares of the company’s stock valued at $103,709,000 after buying an additional 114,662 shares during the last quarter. CWM LLC boosted its stake in Aramark by 236.6% during the fourth quarter. CWM LLC now owns 199,751 shares of the company’s stock worth $7,363,000 after buying an additional 140,401 shares during the period. SG Americas Securities LLC boosted its stake in Aramark by 1,642.8% during the fourth quarter. SG Americas Securities LLC now owns 91,254 shares of the company’s stock worth $3,364,000 after buying an additional 86,018 shares during the period. Finally, UBS Group AG increased its position in shares of Aramark by 47.5% during the fourth quarter. UBS Group AG now owns 2,002,903 shares of the company’s stock valued at $73,827,000 after acquiring an additional 644,731 shares during the last quarter.
Aramark Stock Up 0.5%
Aramark stock opened at $56.90 on Friday. The company has a market capitalization of $14.96 billion, a P/E ratio of 42.46, a PEG ratio of 1.07 and a beta of 1.11. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.07 and a current ratio of 1.21. Aramark has a fifty-two week low of $35.07 and a fifty-two week high of $58.68. The stock has a 50-day simple moving average of $54.67 and a 200-day simple moving average of $46.09.
Aramark Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th were given a $0.12 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $0.48 annualized dividend and a yield of 0.8%. Aramark’s dividend payout ratio is 35.82%.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on ARMK. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $65.00 price objective on shares of Aramark in a research report on Monday, June 29th. Robert W. Baird raised their price target on Aramark from $50.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. JPMorgan Chase & Co. boosted their price objective on Aramark from $49.00 to $55.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Morgan Stanley boosted their price target on shares of Aramark from $45.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 13th. Finally, Royal Bank Of Canada raised their price target on shares of Aramark from $47.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Aramark presently has a consensus rating of “Moderate Buy” and an average target price of $59.21.
Read Our Latest Report on ARMK
Aramark Company Profile
Aramark (NYSE: ARMK) is a global provider of food services, facilities management and uniform solutions, serving clients across a wide array of industries including education, healthcare, business and government. The company operates through three primary segments: Food and Support Services, Uniform and Career Apparel, and Facility Services, delivering integrated solutions designed to enhance guest experiences, improve operational efficiencies and maintain safe, clean environments. Aramark’s offerings include corporate dining, patient and senior nutrition, campus dining, sports and entertainment concessions, custodial services, technical maintenance and industrial laundry.
Founded in 1959 and headquartered in Philadelphia, Pennsylvania, Aramark has expanded its footprint to more than 20 countries, with a strong presence in North America, Latin America, Europe and Asia.
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