Geode Capital Management LLC raised its holdings in shares of Aramark (NYSE:ARMK) by 2.8% in the 4th quarter, HoldingsChannel reports. The fund owned 2,079,879 shares of the company’s stock after buying an additional 55,832 shares during the quarter. Geode Capital Management LLC’s holdings in Aramark were worth $88,838,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Cerebellum GP LLC acquired a new position in shares of Aramark during the 4th quarter worth about $127,000. Advisor Group Inc. boosted its position in shares of Aramark by 85.7% during the 3rd quarter. Advisor Group Inc. now owns 3,342 shares of the company’s stock worth $136,000 after acquiring an additional 1,542 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of Aramark by 91.7% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,450 shares of the company’s stock worth $147,000 after acquiring an additional 1,650 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Aramark by 54.9% during the 4th quarter. SG Americas Securities LLC now owns 3,954 shares of the company’s stock worth $169,000 after acquiring an additional 1,401 shares in the last quarter. Finally, Highlander Capital Management LLC acquired a new position in shares of Aramark during the 3rd quarter worth about $203,000. 94.69% of the stock is owned by institutional investors and hedge funds.
Shares of Aramark (ARMK) opened at $41.91 on Tuesday. The stock has a market capitalization of $10,302.80, a PE ratio of 23.28, a P/E/G ratio of 1.76 and a beta of 0.60. The company has a debt-to-equity ratio of 2.56, a current ratio of 1.40 and a quick ratio of 1.09. Aramark has a 1 year low of $36.06 and a 1 year high of $46.09.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Wednesday, February 14th were paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Tuesday, February 13th. Aramark’s dividend payout ratio is presently 19.53%.
Several research analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed a “buy” rating and set a $50.00 price objective on shares of Aramark in a research report on Wednesday, February 7th. Morgan Stanley upped their target price on Aramark from $41.00 to $42.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 31st. Nomura decreased their target price on Aramark from $47.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, November 15th. Credit Suisse Group reissued an “outperform” rating and issued a $50.00 target price on shares of Aramark in a research report on Wednesday, January 24th. Finally, Barclays upped their target price on Aramark from $45.00 to $47.00 and gave the company an “equal weight” rating in a research report on Saturday, December 30th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $47.43.
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Aramark is a global provider of food, facilities and uniform services to education, healthcare, business and industry, and sports, leisure and corrections clients. The Company operates through three segments: Food and Support Services North America (FSS North America), Food and Support Services International (FSS International), and Uniform and Career Apparel (Uniform).
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