Janus Henderson Group PLC lifted its position in Aramark (NYSE:ARMK – Free Report) by 0.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,195,901 shares of the company’s stock after buying an additional 128,199 shares during the period. Janus Henderson Group PLC owned approximately 6.92% of Aramark worth $670,702,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Activest Wealth Management bought a new stake in shares of Aramark in the 4th quarter worth $27,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Aramark in the 3rd quarter worth $28,000. Kestra Advisory Services LLC acquired a new stake in shares of Aramark during the fourth quarter worth $32,000. Quarry LP acquired a new stake in shares of Aramark during the third quarter worth $35,000. Finally, Osterweis Capital Management Inc. acquired a new stake in shares of Aramark during the second quarter worth $40,000.
Aramark Stock Performance
Shares of ARMK stock opened at $53.48 on Thursday. Aramark has a 1-year low of $35.07 and a 1-year high of $54.93. The company has a current ratio of 1.21, a quick ratio of 1.07 and a debt-to-equity ratio of 1.85. The company has a market capitalization of $14.06 billion, a price-to-earnings ratio of 39.91, a P/E/G ratio of 1.12 and a beta of 1.12. The stock’s fifty day simple moving average is $49.13 and its 200-day simple moving average is $42.68.
Aramark Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th were issued a dividend of $0.12 per share. The ex-dividend date was Wednesday, May 20th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.9%. Aramark’s payout ratio is currently 35.82%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aramark in a research report on Friday, March 27th. UBS Group boosted their target price on Aramark from $48.00 to $56.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Royal Bank Of Canada boosted their target price on Aramark from $47.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $51.00 target price on shares of Aramark in a research report on Wednesday, May 13th. Finally, Citigroup reaffirmed a “buy” rating on shares of Aramark in a research report on Monday, May 18th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $55.33.
About Aramark
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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