DE Burlo Group Inc. Purchases New Stake in Aramark (NYSE:ARMK)
DE Burlo Group Inc. purchased a new stake in shares of Aramark (NYSE:ARMK) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 135,600 shares of the company’s stock, valued at approximately $5,886,000.
A number of other institutional investors have also recently made changes to their positions in ARMK. Advisory Services Network LLC purchased a new position in shares of Aramark in the fourth quarter valued at about $76,000. AdvisorNet Financial Inc increased its holdings in Aramark by 18.1% during the 3rd quarter. AdvisorNet Financial Inc now owns 1,807 shares of the company’s stock valued at $79,000 after purchasing an additional 277 shares during the period. Quest Capital Management Inc. ADV bought a new position in Aramark during the 3rd quarter valued at approximately $117,000. Portland Hill Asset Management Ltd bought a new position in Aramark during the 4th quarter valued at approximately $124,000. Finally, Cerebellum GP LLC purchased a new stake in Aramark in the 3rd quarter worth approximately $127,000. 99.09% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE ARMK traded up $0.22 during mid-day trading on Friday, hitting $41.89. 4,059 shares of the stock traded hands, compared to its average volume of 2,453,612. The company has a market cap of $10.26 billion, a price-to-earnings ratio of 30.82, a PEG ratio of 2.32 and a beta of 0.87. The stock has a fifty day moving average price of $44.22 and a 200-day moving average price of $42.54. Aramark has a 52 week low of $25.49 and a 52 week high of $47.22. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.06 and a current ratio of 1.23.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Thursday, February 13th will be paid a $0.11 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $0.44 annualized dividend and a dividend yield of 1.05%. Aramark’s payout ratio is 19.64%.
In other Aramark news, EVP Lynn Mckee sold 225,340 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $44.11, for a total transaction of $9,939,747.40. Following the completion of the transaction, the executive vice president now owns 432,955 shares of the company’s stock, valued at $19,097,645.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John J. Zillmer bought 35,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were acquired at an average cost of $42.68 per share, with a total value of $1,493,800.00. Following the purchase, the chief executive officer now directly owns 201,030 shares of the company’s stock, valued at approximately $8,579,960.40. The disclosure for this purchase can be found here. 10.30% of the stock is owned by company insiders.
Several equities analysts have recently issued reports on the company. Jefferies Financial Group started coverage on Aramark in a research note on Wednesday, November 27th. They set a “hold” rating and a $49.00 target price on the stock. ValuEngine lowered Aramark from a “hold” rating to a “sell” rating in a research note on Friday, January 3rd. Berenberg Bank cut shares of Aramark from a “buy” rating to a “hold” rating and lifted their price target for the company from $37.00 to $43.00 in a report on Friday, January 17th. Citigroup initiated coverage on shares of Aramark in a research report on Friday, February 7th. They set a “sell” rating and a $39.00 price objective on the stock. Finally, Zacks Investment Research raised shares of Aramark from a “sell” rating to a “hold” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. Aramark currently has an average rating of “Hold” and a consensus price target of $46.36.
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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