Farringdon Capital Ltd. Purchases Shares of 9,815 Aramark (NYSE:ARMK)

Farringdon Capital Ltd. acquired a new stake in Aramark (NYSE:ARMK) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,815 shares of the company’s stock, valued at approximately $366,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. increased its stake in Aramark by 93.0% in the fourth quarter. Bessemer Group Inc. now owns 770 shares of the company’s stock valued at $29,000 after purchasing an additional 371 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Aramark by 45.7% in the 4th quarter. Jones Financial Companies Lllp now owns 988 shares of the company’s stock valued at $37,000 after buying an additional 310 shares in the last quarter. UMB Bank n.a. grew its position in shares of Aramark by 75.2% in the 4th quarter. UMB Bank n.a. now owns 1,354 shares of the company’s stock valued at $51,000 after buying an additional 581 shares during the last quarter. Global Retirement Partners LLC raised its stake in Aramark by 167.2% during the 4th quarter. Global Retirement Partners LLC now owns 1,424 shares of the company’s stock worth $53,000 after acquiring an additional 891 shares in the last quarter. Finally, Wealthfront Advisers LLC acquired a new position in Aramark in the fourth quarter valued at $83,000.

Analyst Ratings Changes

ARMK has been the subject of several research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $47.00 target price on shares of Aramark in a report on Thursday, February 6th. StockNews.com cut Aramark from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Citigroup initiated coverage on shares of Aramark in a research report on Monday, February 24th. They set a “buy” rating and a $48.00 target price on the stock. Finally, UBS Group decreased their price target on shares of Aramark from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.08.

Aramark Trading Up 0.6 %

Shares of Aramark stock opened at $32.18 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.94 and a debt-to-equity ratio of 1.61. The firm has a market cap of $8.53 billion, a price-to-earnings ratio of 25.33 and a beta of 1.37. Aramark has a 52-week low of $29.82 and a 52-week high of $42.49. The company’s 50-day simple moving average is $34.80 and its 200-day simple moving average is $37.32.

Aramark (NYSE:ARMK) last issued its earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The business 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 for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 EPS. As a group, equities research analysts anticipate that Aramark will post 1.92 earnings per share for the current year.

Aramark Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Monday, February 10th were issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Monday, February 10th. This is an increase from Aramark’s previous quarterly dividend of $0.00. Aramark’s dividend payout ratio (DPR) is currently 33.07%.

Aramark Company 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.