Aramark (NYSE:ARMK) Shares Sold by Capital International Inc. CA

Capital International Inc. CA cut its position in shares of Aramark (NYSE:ARMK) by 1.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 496,583 shares of the company’s stock after selling 5,481 shares during the period. Capital International Inc. CA owned 0.19% of Aramark worth $16,149,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System lifted its stake in shares of Aramark by 24.1% in the fourth quarter. New York State Teachers Retirement System now owns 141,849 shares of the company’s stock worth $3,986,000 after buying an additional 27,522 shares in the last quarter. Artisan Partners Limited Partnership lifted its stake in Aramark by 9.3% in the fourth quarter. Artisan Partners Limited Partnership now owns 391,727 shares of the company’s stock worth $11,008,000 after acquiring an additional 33,206 shares during the last quarter. Bank of Nova Scotia lifted its stake in Aramark by 84.7% in the fourth quarter. Bank of Nova Scotia now owns 1,192,142 shares of the company’s stock worth $33,498,000 after acquiring an additional 546,796 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Aramark by 131.8% during the 1st quarter. SG Americas Securities LLC now owns 97,167 shares of the company’s stock worth $3,160,000 after buying an additional 55,249 shares during the last quarter. Finally, Public Sector Pension Investment Board purchased a new stake in shares of Aramark during the 4th quarter worth approximately $75,477,000.

Wall Street Analysts Forecast Growth

ARMK has been the topic of a number of recent research reports. Robert W. Baird lifted their target price on shares of Aramark from $35.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Oppenheimer boosted their price objective on shares of Aramark from $36.00 to $39.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Finally, UBS Group upped their price target on shares of Aramark from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, June 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.89.

Aramark Stock Performance

Shares of ARMK stock traded up $0.56 during trading hours on Friday, reaching $33.65. 960,461 shares of the company’s stock were exchanged, compared to its average volume of 2,335,301. The business has a fifty day moving average price of $33.01 and a 200-day moving average price of $31.68. The company has a quick ratio of 1.11, a current ratio of 1.25 and a debt-to-equity ratio of 2.03. The stock has a market capitalization of $8.85 billion, a P/E ratio of 14.14, a P/E/G ratio of 1.33 and a beta of 1.59. Aramark has a fifty-two week low of $23.95 and a fifty-two week high of $34.37.

Aramark (NYSE:ARMK) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. Aramark had a return on equity of 13.82% and a net margin of 3.43%. The firm had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.25 billion. Analysts predict that Aramark will post 1.57 EPS for the current fiscal year.

Aramark Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were paid a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 1.13%. The ex-dividend date was Friday, May 10th. Aramark’s payout ratio is 15.97%.

About Aramark

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.