Blueshift Asset Management LLC Takes Position in Aramark (NYSE:ARMK)

Blueshift Asset Management LLC acquired a new position in Aramark (NYSE:ARMK) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 25,643 shares of the company’s stock, valued at approximately $993,000.

Other institutional investors have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC bought a new position in shares of Aramark during the 1st quarter valued at $249,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Aramark by 7.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 166,589 shares of the company’s stock worth $5,418,000 after acquiring an additional 11,062 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Aramark by 1.5% during the 1st quarter. Public Employees Retirement System of Ohio now owns 99,563 shares of the company’s stock worth $3,238,000 after acquiring an additional 1,487 shares in the last quarter. Bayesian Capital Management LP bought a new position in shares of Aramark in the 1st quarter valued at approximately $592,000. Finally, Tidal Investments LLC raised its position in shares of Aramark by 21.5% in the first quarter. Tidal Investments LLC now owns 42,585 shares of the company’s stock valued at $1,385,000 after purchasing an additional 7,549 shares during the period.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Robert W. Baird upped their price objective on shares of Aramark from $38.00 to $44.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. StockNews.com raised Aramark from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. raised their target price on Aramark from $41.00 to $45.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Stifel Nicolaus raised their price objective on shares of Aramark from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, Bank of America increased their target price on shares of Aramark from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Aramark currently has a consensus rating of “Moderate Buy” and an average price target of $42.23.

Aramark Stock Up 0.9 %

NYSE ARMK opened at $42.22 on Wednesday. The stock’s 50 day simple moving average is $38.53 and its 200 day simple moving average is $35.69. Aramark has a one year low of $26.58 and a one year high of $42.41. The firm has a market cap of $11.14 billion, a PE ratio of 42.65 and a beta of 1.62. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.81 and a quick ratio of 0.72.

Aramark (NYSE:ARMK) last announced its earnings results on Monday, November 11th. The company reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.54. Aramark had a return on equity of 14.06% and a net margin of 1.51%. The company had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.46 billion. During the same period last year, the company posted $0.64 earnings per share. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Aramark will post 1.92 earnings per share for the current fiscal year.

Aramark Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd will be given a $0.001 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.00 dividend on an annualized basis and a yield of 0.01%. Aramark’s payout ratio is 38.38%.

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.