Aramark (NYSE:ARMK) Shares Sold by Royce & Associates LP

Royce & Associates LP lessened its stake in shares of Aramark (NYSE:ARMK) by 9.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 71,200 shares of the company’s stock after selling 7,500 shares during the quarter. Royce & Associates LP’s holdings in Aramark were worth $2,104,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ARMK. Parametric Portfolio Associates LLC boosted its holdings in Aramark by 28.9% during the 1st quarter. Parametric Portfolio Associates LLC now owns 372,929 shares of the company’s stock valued at $11,020,000 after acquiring an additional 83,564 shares during the period. First Trust Advisors LP lifted its holdings in shares of Aramark by 89.3% in the 1st quarter. First Trust Advisors LP now owns 383,178 shares of the company’s stock worth $11,323,000 after buying an additional 180,801 shares during the period. Martingale Asset Management L P lifted its holdings in shares of Aramark by 33.6% in the 1st quarter. Martingale Asset Management L P now owns 16,692 shares of the company’s stock worth $494,000 after buying an additional 4,197 shares during the period. Rothschild & Co. Asset Management US Inc. lifted its holdings in shares of Aramark by 4.1% in the 1st quarter. Rothschild & Co. Asset Management US Inc. now owns 852,836 shares of the company’s stock worth $25,201,000 after buying an additional 33,756 shares during the period. Finally, Great West Life Assurance Co. Can lifted its holdings in shares of Aramark by 3.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 140,959 shares of the company’s stock worth $4,154,000 after buying an additional 4,683 shares during the period. 97.27% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE ARMK traded up $0.90 during trading on Friday, reaching $36.06. The stock had a trading volume of 4,054,826 shares, compared to its average volume of 2,439,071. The stock has a market capitalization of $8.89 billion, a P/E ratio of 18.12, a P/E/G ratio of 1.90 and a beta of 0.91. The stock has a 50-day moving average price of $33.57. Aramark has a fifty-two week low of $25.49 and a fifty-two week high of $43.70. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.97 and a current ratio of 1.14.

Aramark (NYSE:ARMK) last released its earnings results on Tuesday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.02. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $4.01 billion. Aramark had a return on equity of 17.31% and a net margin of 3.27%. Aramark’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the business posted $0.48 earnings per share. Research analysts expect that Aramark will post 2.03 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.22%. The ex-dividend date was Wednesday, May 15th. Aramark’s payout ratio is 22.11%.

Several research analysts recently issued reports on ARMK shares. Zacks Investment Research raised Aramark from a “sell” rating to a “hold” rating in a research report on Thursday, May 16th. Nomura reissued a “neutral” rating and issued a $28.00 price objective (down from $46.00) on shares of Aramark in a report on Monday, March 18th. Morgan Stanley set a $34.00 price objective on Aramark and gave the company a “hold” rating in a report on Wednesday, May 8th. Finally, ValuEngine raised Aramark from a “sell” rating to a “hold” rating in a report on Thursday, May 30th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $40.25.

Aramark 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.

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Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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