Voya Investment Management LLC Has $3.42 Million Stock Holdings in Aramark (NYSE:ARMK)

Voya Investment Management LLC raised its position in shares of Aramark (NYSE:ARMK) by 139.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,617 shares of the company’s stock after purchasing an additional 53,326 shares during the period. Voya Investment Management LLC’s holdings in Aramark were worth $3,418,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Aramark by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 25,497,580 shares of the company’s stock valued at $951,315,000 after purchasing an additional 178,147 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Aramark by 63.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 13,593,734 shares of the company’s stock valued at $507,182,000 after buying an additional 5,263,817 shares during the period. Fiduciary Management Inc. WI raised its position in Aramark by 8.1% in the fourth quarter. Fiduciary Management Inc. WI now owns 11,454,740 shares of the company’s stock worth $427,376,000 after purchasing an additional 860,179 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Aramark by 29.5% during the fourth quarter. Franklin Resources Inc. now owns 8,511,152 shares of the company’s stock valued at $317,551,000 after acquiring an additional 1,940,214 shares during the period. Finally, FIL Ltd lifted its holdings in Aramark by 0.6% during the 4th quarter. FIL Ltd now owns 5,738,367 shares of the company’s stock valued at $214,098,000 after purchasing an additional 31,399 shares during the last quarter.

Aramark Price Performance

NYSE:ARMK opened at $33.11 on Friday. The company has a market cap of $8.78 billion, a P/E ratio of 26.07 and a beta of 1.37. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.94 and a quick ratio of 0.84. Aramark has a one year low of $29.82 and a one year high of $42.49. The firm’s fifty day moving average price is $33.98 and its two-hundred day moving average price is $37.01.

Aramark (NYSE:ARMK) last posted its earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The company had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.61 billion. Aramark had a return on equity of 14.72% and a net margin of 1.94%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 earnings per share. Equities analysts expect that Aramark will post 1.92 earnings per share for the current year.

Aramark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.27%. Aramark’s dividend payout ratio (DPR) is currently 33.07%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $47.00 price objective on shares of Aramark in a report on Thursday, February 6th. UBS Group decreased their target price on Aramark from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Citigroup started coverage on Aramark in a research note on Monday, February 24th. They set a “buy” rating and a $48.00 price objective on the stock. Finally, StockNews.com lowered shares of Aramark from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $43.08.

About Aramark

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.