UBS Group AG Has $9.71 Million Stock Position in Aramark (NYSE:ARMK)

UBS Group AG raised its holdings in Aramark (NYSE:ARMK – Get Rating) by 1,165.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 234,985 shares of the company’s stock after acquiring an additional 216,419 shares during the quarter. UBS Group AG owned approximately 0.09% of Aramark worth $9,714,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. U.S. Capital Wealth Advisors LLC bought a new stake in shares of Aramark in the 4th quarter valued at $25,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Aramark in the 4th quarter valued at $26,000. Exos TFP Holdings LLC bought a new stake in shares of Aramark in the 3rd quarter valued at $53,000. PNC Financial Services Group Inc. boosted its stake in shares of Aramark by 35.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,693 shares of the company’s stock valued at $64,000 after purchasing an additional 447 shares during the last quarter. Finally, MetLife Investment Management LLC bought a new stake in shares of Aramark in the 1st quarter valued at $174,000.

Aramark Stock Performance

Shares of Aramark stock opened at $38.46 on Wednesday. The company has a market cap of $10.02 billion, a PE ratio of 40.91, a price-to-earnings-growth ratio of 0.92 and a beta of 1.65. Aramark has a 52 week low of $28.74 and a 52 week high of $45.72. The business has a 50 day moving average price of $35.38 and a 200-day moving average price of $38.85. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of 2.48.

Aramark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Wednesday, May 17th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Tuesday, May 16th. Aramark’s dividend payout ratio (DPR) is presently 46.81%.

Analysts Set New Price Targets

A number of equities research analysts have commented on ARMK shares. Citigroup raised their price target on shares of Aramark from $39.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, January 27th. Deutsche Bank Aktiengesellschaft cut their price target on Aramark from $46.00 to $44.00 in a report on Wednesday, February 8th. JPMorgan Chase & Co. cut their price target on Aramark from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, February 8th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $48.00 price target on shares of Aramark in a report on Wednesday, February 8th. Finally, Sanford C. Bernstein started coverage on Aramark in a report on Wednesday, April 19th. They issued a “market perform” rating and a $38.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $41.20.

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 and Career Apparel (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.