Three Peaks Capital Management LLC trimmed its holdings in Aramark (NYSE:ARMK) by 39.1% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 225,933 shares of the company’s stock after selling 144,846 shares during the period. Aramark accounts for approximately 1.5% of Three Peaks Capital Management LLC’s portfolio, making the stock its 29th largest position. Three Peaks Capital Management LLC’s holdings in Aramark were worth $8,938,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. California State Teachers Retirement System raised its holdings in Aramark by 0.3% during the fourth quarter. California State Teachers Retirement System now owns 415,565 shares of the company’s stock worth $17,761,000 after purchasing an additional 1,287 shares in the last quarter. SG Americas Securities LLC raised its holdings in Aramark by 54.9% during the fourth quarter. SG Americas Securities LLC now owns 3,954 shares of the company’s stock worth $169,000 after purchasing an additional 1,401 shares in the last quarter. Public Employees Retirement Association of Colorado raised its holdings in Aramark by 3.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 49,642 shares of the company’s stock worth $2,122,000 after purchasing an additional 1,547 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in Aramark by 0.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 218,976 shares of the company’s stock worth $8,663,000 after purchasing an additional 1,554 shares in the last quarter. Finally, Comerica Bank raised its holdings in Aramark by 7.9% during the first quarter. Comerica Bank now owns 21,465 shares of the company’s stock worth $805,000 after purchasing an additional 1,567 shares in the last quarter. 94.72% of the stock is owned by institutional investors and hedge funds.

Shares of Aramark opened at $39.45 on Thursday, according to MarketBeat.com. The company has a current ratio of 1.30, a quick ratio of 0.98 and a debt-to-equity ratio of 2.77. Aramark has a twelve month low of $36.28 and a twelve month high of $46.09. The stock has a market cap of $9.64 billion, a price-to-earnings ratio of 22.29, a P/E/G ratio of 1.61 and a beta of 0.65.

Aramark (NYSE:ARMK) last issued its earnings results on Tuesday, May 8th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.02. Aramark had a net margin of 3.29% and a return on equity of 17.96%. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period in the prior year, the business posted $0.45 earnings per share. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. equities analysts anticipate that Aramark will post 2.02 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, May 31st. Shareholders of record on Thursday, May 17th were given a dividend of $0.105 per share. The ex-dividend date was Wednesday, May 16th. This represents a $0.42 annualized dividend and a yield of 1.06%. Aramark’s payout ratio is currently 23.73%.

Several research analysts recently issued reports on ARMK shares. Zacks Investment Research cut shares of Aramark from a “hold” rating to a “sell” rating in a report on Thursday, April 19th. TheStreet lowered shares of Aramark from a “b” rating to a “c+” rating in a research report on Tuesday, May 8th. Finally, Royal Bank of Canada restated a “buy” rating and set a $50.00 target price on shares of Aramark in a research report on Wednesday, February 7th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $47.33.

About Aramark

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

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Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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