Fractal Investments LLC Purchases 9,000 Shares of Aramark (NYSE:ARMK)

Fractal Investments LLC raised its holdings in shares of Aramark (NYSE:ARMK) by 115.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,800 shares of the company’s stock after acquiring an additional 9,000 shares during the quarter. Fractal Investments LLC’s holdings in Aramark were worth $627,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ARMK. Y Intercept Hong Kong Ltd purchased a new stake in shares of Aramark during the 3rd quarter worth approximately $716,000. Franklin Resources Inc. boosted its holdings in shares of Aramark by 7.2% in the 3rd quarter. Franklin Resources Inc. now owns 6,570,938 shares of the company’s stock worth $254,427,000 after purchasing an additional 441,711 shares during the period. Sarasin & Partners LLP increased its position in shares of Aramark by 15.9% during the 4th quarter. Sarasin & Partners LLP now owns 259,364 shares of the company’s stock valued at $9,677,000 after purchasing an additional 35,616 shares during the last quarter. Geode Capital Management LLC raised its holdings in Aramark by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 4,363,113 shares of the company’s stock valued at $169,028,000 after buying an additional 45,384 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Aramark by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,732,661 shares of the company’s stock worth $67,106,000 after buying an additional 14,839 shares during the last quarter.

Aramark Trading Up 0.6 %

NYSE:ARMK opened at $37.90 on Thursday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.72 and a current ratio of 0.81. The firm has a 50-day simple moving average of $38.67 and a 200-day simple moving average of $37.70. Aramark has a one year low of $28.51 and a one year high of $42.49. The firm has a market cap of $10.04 billion, a P/E ratio of 38.28 and a beta of 1.64.

Aramark (NYSE:ARMK) last announced its earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. Aramark had a return on equity of 14.06% and a net margin of 1.51%. The firm had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.61 billion. During the same period in the previous year, the business earned $0.41 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities analysts anticipate that Aramark will post 1.93 EPS for the current fiscal year.

Aramark Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Monday, February 10th will be issued a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Monday, February 10th. This is an increase from Aramark’s previous quarterly dividend of $0.00. Aramark’s dividend payout ratio is 42.42%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Truist Financial raised their price objective on shares of Aramark from $42.00 to $46.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. StockNews.com lowered Aramark from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Robert W. Baird upped their price objective on Aramark from $44.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. The Goldman Sachs Group lifted their target price on Aramark from $38.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Morgan Stanley upped their price target on shares of Aramark from $40.00 to $43.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.59.

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.