Capstone Investment Advisors LLC acquired a new position in shares of Aramark (NYSE:ARMK – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 25,751 shares of the company’s stock, valued at approximately $1,465,000.
Several other institutional investors have also recently bought and sold shares of ARMK. Henshaw Capital LLC boosted its position in Aramark by 0.3% during the 1st quarter. Henshaw Capital LLC now owns 76,923 shares of the company’s stock worth $3,118,000 after acquiring an additional 225 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in shares of Aramark by 5.6% in the first quarter. Fifth Third Wealth Advisors LLC now owns 6,444 shares of the company’s stock valued at $261,000 after purchasing an additional 339 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Aramark by 55.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,152 shares of the company’s stock valued at $42,000 after purchasing an additional 410 shares during the last quarter. Procyon Advisors LLC lifted its position in shares of Aramark by 5.3% in the first quarter. Procyon Advisors LLC now owns 10,590 shares of the company’s stock worth $429,000 after purchasing an additional 532 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Aramark by 7.4% in the second quarter. Cetera Investment Advisers now owns 8,294 shares of the company’s stock worth $347,000 after purchasing an additional 573 shares in the last quarter.
Aramark Stock Performance
NYSE ARMK opened at $58.88 on Friday. The firm has a market capitalization of $15.52 billion, a P/E ratio of 41.17, a price-to-earnings-growth ratio of 1.05 and a beta of 1.12. The company has a current ratio of 1.28, a quick ratio of 1.14 and a debt-to-equity ratio of 1.80. The firm’s fifty day moving average price is $57.38 and its two-hundred day moving average price is $49.59. Aramark has a 1 year low of $35.07 and a 1 year high of $62.65.
Aramark Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $0.48 annualized dividend and a yield of 0.8%. Aramark’s dividend payout ratio is currently 33.57%.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on ARMK shares. Weiss Ratings downgraded shares of Aramark from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. UBS Group increased their price objective on shares of Aramark from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Oppenheimer lifted their target price on Aramark from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Jefferies Financial Group upped their target price on Aramark from $62.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $74.00 price target on shares of Aramark in a research report on Wednesday, August 12th. Twelve investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Aramark has an average rating of “Moderate Buy” and a consensus price target of $69.14.
Read Our Latest Report on Aramark
Aramark 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.
Featured Stories
- Five stocks we like better than Aramark
- Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape
- SEC Probe Puts Wall Street Leverage Risk Back in Focus
- A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole
- Five Below’s Turnaround Is Working—But Has the Stock Run Too Far?
Want to see what other hedge funds are holding ARMK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aramark (NYSE:ARMK – Free Report).
Receive News & Ratings for Aramark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aramark and related companies with MarketBeat.com's FREE daily email newsletter.
