Capital Group Private Client Services Inc. Sells 7,127 Shares of Aramark (NYSE:ARMK)

Capital Group Private Client Services Inc. trimmed its holdings in shares of Aramark (NYSE:ARMK) by 2.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 264,916 shares of the company’s stock after selling 7,127 shares during the period. Capital Group Private Client Services Inc.’s holdings in Aramark were worth $8,615,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the stock. Rise Advisors LLC bought a new position in Aramark in the first quarter worth approximately $25,000. Benjamin F. Edwards & Company Inc. bought a new stake in Aramark during the 4th quarter valued at $28,000. Scarborough Advisors LLC acquired a new position in Aramark during the fourth quarter worth $34,000. Twin Tree Management LP lifted its stake in shares of Aramark by 32.0% in the first quarter. Twin Tree Management LP now owns 1,424 shares of the company’s stock valued at $46,000 after buying an additional 345 shares in the last quarter. Finally, Solstein Capital LLC acquired a new position in shares of Aramark during the fourth quarter valued at about $47,000.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ARMK. Oppenheimer upped their target price on shares of Aramark from $36.00 to $39.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. UBS Group boosted their price objective on Aramark from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, June 21st. Finally, Robert W. Baird raised their target price on Aramark from $35.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Aramark has an average rating of “Moderate Buy” and an average price target of $34.89.

Aramark Stock Performance

ARMK stock traded up $0.56 during mid-day trading on Friday, hitting $33.65. The company had a trading volume of 960,461 shares, compared to its average volume of 2,335,301. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.11 and a current ratio of 1.25. The firm has a market cap of $8.85 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 1.33 and a beta of 1.59. Aramark has a 12 month low of $23.95 and a 12 month high of $34.37. The stock’s fifty day moving average price is $33.00 and its two-hundred day moving average price is $31.65.

Aramark (NYSE:ARMK) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03. Aramark had a net margin of 3.43% and a return on equity of 13.82%. The company had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.25 billion. On average, analysts forecast that Aramark will post 1.57 earnings per share for the current fiscal year.

Aramark Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were paid a $0.095 dividend. The ex-dividend date was Friday, May 10th. This represents a $0.38 annualized dividend and a yield of 1.13%. Aramark’s dividend payout ratio is currently 15.97%.

Aramark Profile

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.