FIL Ltd bought a new stake in shares of Aramark (NYSE:ARMK) in the first quarter, HoldingsChannel reports. The institutional investor bought 233,156 shares of the company’s stock, valued at approximately $6,890,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ARMK. First Hawaiian Bank raised its holdings in Aramark by 61.1% during the 1st quarter. First Hawaiian Bank now owns 2,201 shares of the company’s stock valued at $65,000 after buying an additional 835 shares during the period. Pearl River Capital LLC purchased a new stake in Aramark during the 4th quarter valued at $72,000. Kinneret Advisory LLC purchased a new stake in Aramark during the 4th quarter valued at $83,000. Advisor Group Inc. raised its holdings in Aramark by 20.0% during the 1st quarter. Advisor Group Inc. now owns 3,091 shares of the company’s stock valued at $92,000 after buying an additional 516 shares during the period. Finally, D.A. Davidson & CO. raised its holdings in Aramark by 7.6% during the 4th quarter. D.A. Davidson & CO. now owns 6,984 shares of the company’s stock valued at $202,000 after buying an additional 496 shares during the period. Hedge funds and other institutional investors own 97.33% of the company’s stock.

ARMK stock opened at $34.93 on Thursday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.97 and a current ratio of 1.14. Aramark has a twelve month low of $25.49 and a twelve month high of $43.70. The firm has a market capitalization of $8.64 billion, a price-to-earnings ratio of 17.55, a price-to-earnings-growth ratio of 1.89 and a beta of 0.91.

Aramark (NYSE:ARMK) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. Aramark had a return on equity of 17.31% and a net margin of 3.27%. The business had revenue of $4 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the prior year, the company earned $0.48 EPS. The business’s revenue was up 1.5% compared to the same quarter last year. Sell-side analysts predict that Aramark will post 2.03 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Wednesday, May 15th. Aramark’s payout ratio is 22.11%.

Several analysts recently weighed in on the company. ValuEngine upgraded Aramark from a “sell” rating to a “hold” rating in a report on Thursday, May 30th. Zacks Investment Research lowered Aramark from a “buy” rating to a “hold” rating in a research note on Friday, May 31st. Morgan Stanley set a $34.00 target price on Aramark and gave the stock a “hold” rating in a research note on Wednesday, May 8th. Finally, Nomura reiterated a “neutral” rating and issued a $28.00 target price (down previously from $46.00) on shares of Aramark in a research note on Monday, March 18th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $40.25.

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Aramark Company Profile

Aramark provides food, facilities management, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in North America and internationally. It operates in three segments: Food and Support Services United States, Food and Support Services International, and Uniform and Career Apparel.

Further Reading: Equal Weight Rating

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Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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