Aramark (NYSE:ARMK) Director Sanjeev K. Mehra bought 19,640 shares of Aramark stock in a transaction on Thursday, November 16th. The stock was purchased at an average price of $40.75 per share, with a total value of $800,330.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of Aramark (ARMK) opened at $41.17 on Tuesday. Aramark has a 52 week low of $32.87 and a 52 week high of $44.12. The firm has a market capitalization of $10,060.00, a PE ratio of 23.06, a PEG ratio of 1.70 and a beta of 0.50. The company has a current ratio of 1.30, a quick ratio of 1.00 and a debt-to-equity ratio of 2.34.
Aramark (NYSE:ARMK) last issued its quarterly earnings results on Tuesday, November 14th. The company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.02. Aramark had a return on equity of 19.69% and a net margin of 2.56%. The business had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. research analysts forecast that Aramark will post 2 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Monday, November 27th will be given a $0.105 dividend. The ex-dividend date is Friday, November 24th. This represents a $0.42 dividend on an annualized basis and a yield of 1.02%. This is a positive change from Aramark’s previous quarterly dividend of $0.10. Aramark’s dividend payout ratio is currently 27.70%.
A number of equities analysts have commented on ARMK shares. BidaskClub downgraded shares of Aramark from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Nomura reiterated a “buy” rating and issued a $45.00 target price (up from $43.00) on shares of Aramark in a report on Wednesday, August 9th. Morgan Stanley boosted their price target on Aramark from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 10th. Royal Bank Of Canada restated a “buy” rating on shares of Aramark in a research note on Thursday, October 5th. Finally, Zacks Investment Research lowered Aramark from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Aramark currently has a consensus rating of “Buy” and a consensus price target of $44.83.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Toronto Dominion Bank boosted its position in Aramark by 19.0% in the second quarter. Toronto Dominion Bank now owns 3,027 shares of the company’s stock valued at $124,000 after buying an additional 483 shares during the last quarter. Advisor Group Inc. boosted its position in Aramark by 85.7% in the third quarter. Advisor Group Inc. now owns 3,342 shares of the company’s stock valued at $136,000 after buying an additional 1,542 shares during the last quarter. Acrospire Investment Management LLC boosted its position in Aramark by 98.5% in the second quarter. Acrospire Investment Management LLC now owns 3,628 shares of the company’s stock valued at $149,000 after buying an additional 1,800 shares during the last quarter. Pacer Advisors Inc. boosted its position in Aramark by 8.3% in the second quarter. Pacer Advisors Inc. now owns 4,871 shares of the company’s stock valued at $200,000 after buying an additional 374 shares during the last quarter. Finally, Parametrica Management Ltd purchased a new stake in Aramark in the second quarter valued at approximately $202,000. Hedge funds and other institutional investors own 93.30% of the company’s stock.
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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