Connor Clark & Lunn Investment Management Ltd. bought a new position in Aramark (NYSE:ARMK) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 42,100 shares of the company’s stock, valued at approximately $1,220,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Endurance Wealth Management Inc. boosted its position in shares of Aramark by 0.9% in the fourth quarter. Endurance Wealth Management Inc. now owns 38,320 shares of the company’s stock worth $1,110,000 after acquiring an additional 325 shares during the last quarter. First Hawaiian Bank lifted its position in Aramark by 48.3% during the fourth quarter. First Hawaiian Bank now owns 1,366 shares of the company’s stock valued at $40,000 after buying an additional 445 shares in the last quarter. D.A. Davidson & CO. lifted its position in Aramark by 7.6% during the fourth 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 in the last quarter. IFM Investors Pty Ltd lifted its position in Aramark by 5.9% during the fourth quarter. IFM Investors Pty Ltd now owns 14,839 shares of the company’s stock valued at $430,000 after buying an additional 831 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co lifted its position in Aramark by 1.3% during the fourth quarter. Meiji Yasuda Life Insurance Co now owns 74,925 shares of the company’s stock valued at $2,171,000 after buying an additional 955 shares in the last quarter.

NYSE ARMK opened at $29.87 on Friday. Aramark has a 52 week low of $27.37 and a 52 week high of $43.70. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.04 and a current ratio of 1.21. The firm has a market cap of $7.36 billion, a PE ratio of 15.01, a PEG ratio of 1.41 and a beta of 1.10.

Aramark (NYSE:ARMK) last posted its earnings results on Tuesday, February 5th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.08. Aramark had a net margin of 3.27% and a return on equity of 17.81%. The business had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.19 billion. During the same period in the previous year, the company posted $0.59 earnings per share. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Aramark will post 2.12 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, February 28th. Stockholders of record on Thursday, February 14th were given a dividend of $0.11 per share. The ex-dividend date was Wednesday, February 13th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.47%. Aramark’s payout ratio is currently 22.11%.

ARMK has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Aramark from a “sell” rating to a “hold” rating in a research report on Friday, January 18th. ValuEngine cut shares of Aramark from a “hold” rating to a “sell” rating in a research report on Tuesday, December 11th. Nomura reaffirmed a “buy” rating and set a $46.00 price target on shares of Aramark in a research report on Monday, February 11th. Robert W. Baird reduced their price target on shares of Aramark from $44.00 to $39.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 12th. Finally, Morgan Stanley set a $34.00 price target on shares of Aramark and gave the company a “hold” rating in a research report on Tuesday, January 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $41.67.

In related news, EVP Lynn Mckee sold 43,915 shares of Aramark stock in a transaction on Friday, March 8th. The shares were sold at an average price of $29.58, for a total value of $1,299,005.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Stephen P. Bramlage, Jr. purchased 3,195 shares of the company’s stock in a transaction that occurred on Thursday, February 14th. The stock was bought at an average price of $31.26 per share, with a total value of $99,875.70. The disclosure for this purchase can be found here. Insiders own 3.50% of the company’s stock.

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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: What is Depreciation?

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Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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