Tidal Investments LLC Raises Stock Position in Aramark (NYSE:ARMK)

Tidal Investments LLC lifted its position in shares of Aramark (NYSE:ARMK) by 104.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,388 shares of the company’s stock after acquiring an additional 27,722 shares during the quarter. Tidal Investments LLC’s holdings in Aramark were worth $2,029,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Oregon Public Employees Retirement Fund raised its holdings in Aramark by 0.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 53,654 shares of the company’s stock worth $2,002,000 after purchasing an additional 276 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Aramark by 45.7% in the fourth quarter. Jones Financial Companies Lllp now owns 988 shares of the company’s stock valued at $37,000 after buying an additional 310 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Aramark by 93.0% during the 4th quarter. Bessemer Group Inc. now owns 770 shares of the company’s stock worth $29,000 after buying an additional 371 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of Aramark by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 8,012 shares of the company’s stock worth $299,000 after buying an additional 391 shares in the last quarter. Finally, Mariner LLC grew its stake in Aramark by 3.0% in the 4th quarter. Mariner LLC now owns 15,029 shares of the company’s stock valued at $561,000 after acquiring an additional 444 shares during the last quarter.

Aramark Trading Down 0.1%

NYSE:ARMK opened at $38.91 on Friday. The company has a market cap of $10.20 billion, a PE ratio of 30.63 and a beta of 1.20. The business’s 50 day moving average is $34.70 and its two-hundred day moving average is $36.97. The company has a quick ratio of 0.84, a current ratio of 0.94 and a debt-to-equity ratio of 1.61. Aramark has a 52 week low of $29.92 and a 52 week high of $42.49.

Aramark (NYSE:ARMK) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. Aramark had a return on equity of 14.72% and a net margin of 1.94%. The firm had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same period last year, the business posted $0.30 earnings per share. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, analysts predict that Aramark will post 1.92 EPS for the current year.

Aramark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.08%. Aramark’s dividend payout ratio is presently 32.31%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Citigroup began coverage on shares of Aramark in a report on Monday, February 24th. They issued a “buy” rating and a $48.00 price target on the stock. Morgan Stanley upped their target price on Aramark from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $47.00 price objective on shares of Aramark in a research note on Wednesday, May 14th. Finally, UBS Group lifted their price target on shares of Aramark from $40.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Aramark presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.33.

Aramark Profile

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.