WINTON GROUP Ltd purchased a new stake in shares of Aramark (NYSE:ARMK – Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 39,331 shares of the company’s stock, valued at approximately $1,450,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ARMK. Activest Wealth Management bought a new position in Aramark during the 4th quarter valued at $27,000. Caitong International Asset Management Co. Ltd bought a new position in Aramark during the 3rd quarter valued at $28,000. Quarry LP bought a new position in Aramark during the 3rd quarter valued at $35,000. Osterweis Capital Management Inc. bought a new position in Aramark during the 2nd quarter valued at $40,000. Finally, Torren Management LLC bought a new position in Aramark during the 4th quarter valued at $43,000.
Aramark Price Performance
ARMK opened at $52.84 on Tuesday. The stock has a fifty day moving average of $47.37 and a 200-day moving average of $41.86. The firm has a market capitalization of $13.89 billion, a P/E ratio of 39.43, a PEG ratio of 1.10 and a beta of 1.12. Aramark has a 12-month low of $35.07 and a 12-month high of $54.57. The company has a quick ratio of 1.07, a current ratio of 1.21 and a debt-to-equity ratio of 1.85.
Aramark Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th were issued a $0.12 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.9%. Aramark’s dividend payout ratio is presently 35.82%.
Wall Street Analysts Forecast Growth
ARMK has been the subject of several research reports. Royal Bank Of Canada raised their price objective on Aramark from $47.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. Oppenheimer raised their price objective on Aramark from $43.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Aramark in a research note on Friday, March 27th. Morgan Stanley raised their price objective on Aramark from $45.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 13th. Finally, Robert W. Baird raised their price objective on Aramark from $50.00 to $58.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Aramark presently has a consensus rating of “Moderate Buy” and an average price target of $54.50.
Read Our Latest Stock Analysis on ARMK
Aramark Company 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.
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