Boston Partners bought a new position in Aramark (NYSE:ARMK) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 101,885 shares of the company’s stock, valued at approximately $3,011,000.
A number of other hedge funds have also modified their holdings of ARMK. First Hawaiian Bank increased its holdings in shares of Aramark by 48.3% during the fourth quarter. First Hawaiian Bank now owns 1,366 shares of the company’s stock valued at $40,000 after acquiring an additional 445 shares in the last quarter. Pearl River Capital LLC bought a new stake in shares of Aramark during the fourth quarter valued at approximately $72,000. Kinneret Advisory LLC bought a new stake in shares of Aramark during the fourth quarter valued at approximately $83,000. FNY Investment Advisers LLC increased its holdings in shares of Aramark by 204.3% during the fourth quarter. FNY Investment Advisers LLC now owns 7,000 shares of the company’s stock valued at $202,000 after acquiring an additional 4,700 shares in the last quarter. Finally, D.A. Davidson & CO. increased its holdings in shares of Aramark by 7.6% during the fourth quarter. D.A. Davidson & CO. now owns 6,984 shares of the company’s stock valued at $202,000 after acquiring an additional 496 shares in the last quarter.
Shares of Aramark stock opened at $31.55 on Friday. Aramark has a 12-month low of $25.49 and a 12-month high of $43.70. The firm has a market cap of $7.85 billion, a P/E ratio of 15.10, a P/E/G ratio of 1.65 and a beta of 1.10. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 2.21.
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be issued a dividend of $0.11 per share. The ex-dividend date is Wednesday, May 15th. This represents a $0.44 annualized dividend and a yield of 1.39%. Aramark’s dividend payout ratio (DPR) is currently 22.11%.
In other Aramark news, EVP Lynn Mckee sold 43,915 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $29.58, for a total value of $1,299,005.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 3.30% of the company’s stock.
Several equities research analysts have recently commented on the company. Berenberg Bank upgraded Aramark from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Thursday, January 17th. Zacks Investment Research upgraded Aramark from a “sell” rating to a “hold” rating in a report on Thursday. Goldman Sachs Group downgraded Aramark from a “buy” rating to a “neutral” rating in a report on Monday, February 11th. Morgan Stanley set a $34.00 price objective on Aramark and gave the company a “hold” rating in a report on Wednesday, May 8th. Finally, Nomura restated a “neutral” rating and set a $28.00 price objective (down previously from $46.00) on shares of Aramark in a report on Monday, March 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. Aramark has an average rating of “Buy” and an average target price of $40.17.
Aramark provides food, facilities management, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in North America and internationally. It operates in three segments: Food and Support Services United States, Food and Support Services International, and Uniform and Career Apparel.
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