State of Wyoming Raises Holdings in Aramark (NYSE:ARMK)

State of Wyoming raised its holdings in shares of Aramark (NYSE:ARMK) by 55.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,111 shares of the company’s stock after purchasing an additional 5,768 shares during the period. State of Wyoming’s holdings in Aramark were worth $601,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ARMK. Bessemer Group Inc. boosted its stake in Aramark by 93.0% during the 4th quarter. Bessemer Group Inc. now owns 770 shares of the company’s stock valued at $29,000 after purchasing an additional 371 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Aramark by 45.7% in the 4th quarter. Jones Financial Companies Lllp now owns 988 shares of the company’s stock worth $37,000 after buying an additional 310 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Aramark by 75.2% in the 4th quarter. UMB Bank n.a. now owns 1,354 shares of the company’s stock worth $51,000 after buying an additional 581 shares during the last quarter. Global Retirement Partners LLC boosted its stake in shares of Aramark by 167.2% in the 4th quarter. Global Retirement Partners LLC now owns 1,424 shares of the company’s stock worth $53,000 after buying an additional 891 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new position in shares of Aramark in the 4th quarter worth $72,000.

Aramark Price Performance

NYSE:ARMK opened at $39.23 on Monday. The company has a quick ratio of 0.84, a current ratio of 0.94 and a debt-to-equity ratio of 1.61. The business’s 50-day simple moving average is $34.36 and its two-hundred day simple moving average is $36.92. The stock has a market cap of $10.28 billion, a PE ratio of 30.89 and a beta of 1.20. Aramark has a 52 week low of $29.92 and a 52 week high of $42.49.

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

Aramark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 1.07%. Aramark’s dividend payout ratio is presently 32.31%.

Analyst Upgrades and Downgrades

ARMK has been the topic of a number of research reports. Morgan Stanley raised their price target on Aramark from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 7th. Citigroup initiated coverage on Aramark in a research note on Monday, February 24th. They issued a “buy” rating and a $48.00 price target on the stock. UBS Group lifted their target price on Aramark from $40.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $47.00 target price on shares of Aramark in a research report on Wednesday, May 14th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Aramark currently has an average rating of “Moderate Buy” and a consensus price target of $43.33.

Aramark Company 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.