Twinbeech Capital LP Takes Position in Aramark (NYSE:ARMK)

Twinbeech Capital LP acquired a new stake in shares of Aramark (NYSE:ARMK) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 81,772 shares of the company’s stock, valued at approximately $3,051,000.

A number of other institutional investors have also recently made changes to their positions in the company. Tidal Investments LLC grew its position in shares of Aramark by 104.0% during the fourth quarter. Tidal Investments LLC now owns 54,388 shares of the company’s stock valued at $2,029,000 after purchasing an additional 27,722 shares in the last quarter. State of Wyoming lifted its holdings in shares of Aramark by 55.8% in the 4th quarter. State of Wyoming now owns 16,111 shares of the company’s stock valued at $601,000 after acquiring an additional 5,768 shares during the last quarter. Strategic Wealth Partners Ltd. lifted its holdings in shares of Aramark by 32.5% in the 4th quarter. Strategic Wealth Partners Ltd. now owns 254,593 shares of the company’s stock valued at $9,847,000 after acquiring an additional 62,389 shares during the last quarter. Sherbrooke Park Advisers LLC bought a new position in shares of Aramark in the 4th quarter valued at about $264,000. Finally, Royal Bank of Canada lifted its holdings in shares of Aramark by 244.4% in the 4th quarter. Royal Bank of Canada now owns 426,592 shares of the company’s stock valued at $15,916,000 after acquiring an additional 302,734 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Citigroup assumed coverage on shares of Aramark in a report on Monday, February 24th. They issued a “buy” rating and a $48.00 price target for the company. Morgan Stanley increased their price target on shares of Aramark from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Wednesday, May 7th. UBS Group increased their price target on shares of Aramark from $40.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, May 7th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $47.00 price objective on shares of Aramark in a research note on Wednesday, May 14th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Aramark presently has an average rating of “Moderate Buy” and an average target price of $43.33.

Aramark Stock Down 0.1%

Shares of NYSE ARMK opened at $39.77 on Wednesday. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.94 and a quick ratio of 0.84. The company has a market cap of $10.42 billion, a P/E ratio of 31.31 and a beta of 1.20. Aramark has a 1 year low of $29.92 and a 1 year high of $42.49. The firm has a 50-day simple moving average of $34.57 and a two-hundred day simple moving average of $36.95.

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

Aramark Announces Dividend

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 given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.06%. Aramark’s dividend payout ratio (DPR) is presently 32.31%.

Aramark 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.