Perpetual Ltd Has $45.04 Million Stock Holdings in Aramark (NYSE:ARMK)

Perpetual Ltd grew its holdings in Aramark (NYSE:ARMK) by 3.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,404,905 shares of the company’s stock after purchasing an additional 40,520 shares during the quarter. Perpetual Ltd’s holdings in Aramark were worth $45,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rise Advisors LLC acquired a new position in Aramark during the 1st quarter worth approximately $25,000. Vanguard Group Inc. raised its stake in Aramark by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 25,584,242 shares of the company’s stock worth $718,917,000 after buying an additional 139,693 shares during the period. Royal London Asset Management Ltd. raised its stake in Aramark by 2.1% during the 4th quarter. Royal London Asset Management Ltd. now owns 120,520 shares of the company’s stock worth $3,387,000 after buying an additional 2,472 shares during the period. Neo Ivy Capital Management acquired a new position in Aramark during the 4th quarter worth approximately $200,000. Finally, Scarborough Advisors LLC acquired a new position in Aramark during the 4th quarter worth approximately $34,000.

Aramark Stock Performance

NYSE ARMK traded down $0.12 on Thursday, hitting $33.68. 1,357,583 shares of the stock traded hands, compared to its average volume of 2,467,588. The business’s fifty day moving average is $32.33 and its two-hundred day moving average is $30.65. Aramark has a 12 month low of $23.95 and a 12 month high of $34.23. The firm has a market capitalization of $8.86 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 1.35 and a beta of 1.56. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.11 and a current ratio of 1.25.

Aramark (NYSE:ARMK) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.03. Aramark had a return on equity of 13.82% and a net margin of 3.43%. The business had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.25 billion. As a group, equities analysts anticipate that Aramark will post 1.57 EPS for the current fiscal year.

Aramark Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Friday, May 10th. Aramark’s dividend payout ratio (DPR) is 15.97%.

Analyst Ratings Changes

ARMK has been the subject of a number of recent research reports. Truist Financial boosted their price objective on Aramark from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Oppenheimer boosted their price objective on Aramark from $36.00 to $39.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Finally, Robert W. Baird boosted their price objective on Aramark from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.11.

About Aramark

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.