Teacher Retirement System of Texas decreased its stake in Aramark (NYSE:ARMK) by 24.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 224,623 shares of the company’s stock after selling 72,749 shares during the period. Teacher Retirement System of Texas’ holdings in Aramark were worth $9,600,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ARMK. Toronto Dominion Bank boosted its position in shares of Aramark by 19.0% during the 2nd quarter. Toronto Dominion Bank now owns 3,027 shares of the company’s stock valued at $124,000 after purchasing an additional 483 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of Aramark by 9.9% during the 2nd quarter. Advisory Services Network LLC now owns 7,930 shares of the company’s stock valued at $325,000 after purchasing an additional 713 shares in the last quarter. Pictet Asset Management Ltd. boosted its position in shares of Aramark by 1.5% during the 3rd quarter. Pictet Asset Management Ltd. now owns 90,700 shares of the company’s stock valued at $3,683,000 after purchasing an additional 1,300 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Aramark by 54.9% during the 4th quarter. SG Americas Securities LLC now owns 3,954 shares of the company’s stock valued at $169,000 after purchasing an additional 1,401 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of Aramark by 4.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 35,820 shares of the company’s stock valued at $1,468,000 after purchasing an additional 1,439 shares in the last quarter. 94.44% of the stock is owned by institutional investors.

Aramark (NYSE ARMK) opened at $40.90 on Wednesday. The stock has a market capitalization of $10,032.38, a P/E ratio of 22.67, a price-to-earnings-growth ratio of 1.73 and a beta of 0.51. The company has a quick ratio of 1.09, a current ratio of 1.40 and a debt-to-equity ratio of 2.56. Aramark has a fifty-two week low of $35.21 and a fifty-two week high of $46.09.

Aramark (NYSE:ARMK) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.03. The business had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.88 billion. Aramark had a return on equity of 18.68% and a net margin of 3.65%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 earnings per share. equities analysts expect that Aramark will post 1.97 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 14th will be issued a $0.105 dividend. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $0.42 annualized dividend and a yield of 1.03%. Aramark’s payout ratio is currently 19.53%.

Several equities research analysts recently commented on the company. BidaskClub upgraded Aramark from a “hold” rating to a “buy” rating in a research report on Wednesday, October 18th. Barclays upped their target price on Aramark from $45.00 to $47.00 and gave the company an “equal weight” rating in a research report on Saturday, December 30th. Nomura upped their target price on Aramark from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Tuesday, October 17th. Royal Bank of Canada restated a “buy” rating and set a $50.00 target price on shares of Aramark in a research report on Wednesday, February 7th. Finally, Stifel Nicolaus began coverage on Aramark in a research report on Tuesday, December 19th. They set a “buy” rating and a $50.00 target price on the stock. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Aramark presently has a consensus rating of “Buy” and an average target price of $47.00.

In other news, Director Sanjeev K. Mehra purchased 19,640 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were acquired at an average price of $40.75 per share, for a total transaction of $800,330.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.30% of the stock is currently owned by corporate insiders.

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Aramark Company Profile

Aramark is a global provider of food, facilities and uniform services to education, healthcare, business and industry, and sports, leisure and corrections clients. The Company operates through three segments: Food and Support Services North America (FSS North America), Food and Support Services International (FSS International), and Uniform and Career Apparel (Uniform).

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Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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