Aramark (NYSE:ARMK) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its stake in shares of Aramark (NYSE:ARMKGet Rating) by 2.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 30,854 shares of the company’s stock after buying an additional 680 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Aramark were worth $945,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ARMK. PNC Financial Services Group Inc. increased its position in Aramark by 35.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,693 shares of the company’s stock worth $64,000 after purchasing an additional 447 shares in the last quarter. Prospera Financial Services Inc acquired a new stake in shares of Aramark in the first quarter worth $141,000. MetLife Investment Management LLC purchased a new position in shares of Aramark in the 1st quarter valued at $174,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of Aramark during the 1st quarter valued at $200,000. Finally, Prudential PLC purchased a new stake in Aramark during the 1st quarter worth $203,000.

Aramark Price Performance

ARMK opened at $40.71 on Friday. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.05 and a current ratio of 1.25. Aramark has a 1-year low of $28.74 and a 1-year high of $41.20. The company has a 50-day moving average of $35.78 and a 200-day moving average of $34.37. The company has a market capitalization of $10.49 billion, a P/E ratio of 53.57, a PEG ratio of 0.77 and a beta of 1.66.

Aramark (NYSE:ARMKGet Rating) last announced its quarterly earnings data on Tuesday, November 15th. The company reported $0.49 earnings per share for the quarter, meeting the consensus estimate of $0.49. Aramark had a return on equity of 10.70% and a net margin of 1.19%. The firm had revenue of $4.39 billion during the quarter, compared to analyst estimates of $4.11 billion. During the same period in the previous year, the company earned $0.21 earnings per share. Aramark’s quarterly revenue was up 23.6% on a year-over-year basis. Equities analysts expect that Aramark will post 1.9 EPS for the current fiscal year.

Aramark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 5th. Investors of record on Tuesday, November 22nd will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.08%. The ex-dividend date is Monday, November 21st. Aramark’s dividend payout ratio (DPR) is presently 57.90%.

Wall Street Analyst Weigh In

A number of research analysts have commented on ARMK shares. Morgan Stanley boosted their price objective on Aramark from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 16th. Royal Bank of Canada increased their price objective on shares of Aramark from $38.00 to $45.00 in a research report on Wednesday, November 16th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Aramark from $40.00 to $43.00 in a research report on Wednesday, November 16th. StockNews.com assumed coverage on shares of Aramark in a report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $36.00 price objective on shares of Aramark in a report on Tuesday, October 25th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $42.00.

About Aramark

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Aramark engages in the provision of food, facilities, and uniform services. It operates through the following segments: Food and Support Services United States (FSS United States), Food and Support Services International (FSS International), and Uniform. The FSS United States segment offers food, hospitality and facility services for school districts, colleges and universities, healthcare facilities, businesses, sports, entertainment and recreational venues, conference and convention centers, national and state parks, and correctional institutions.

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Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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