Rosenberg Matthew Hamilton Trims Stake in Aramark (NYSE:ARMK)

Rosenberg Matthew Hamilton decreased its holdings in shares of Aramark (NYSE:ARMK) by 8.9% in the fourth quarter, HoldingsChannel reports. The fund owned 4,754 shares of the company’s stock after selling 463 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Aramark were worth $177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Everence Capital Management Inc. purchased a new position in Aramark during the fourth quarter valued at $284,000. GAMMA Investing LLC lifted its position in shares of Aramark by 29.9% during the 4th quarter. GAMMA Investing LLC now owns 4,297 shares of the company’s stock valued at $160,000 after buying an additional 990 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Aramark by 7.2% during the 3rd quarter. Franklin Resources Inc. now owns 6,570,938 shares of the company’s stock valued at $254,427,000 after acquiring an additional 441,711 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Aramark in the 3rd quarter worth approximately $761,000. Finally, Sanctuary Advisors LLC bought a new stake in Aramark during the 3rd quarter worth approximately $309,000.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ARMK. JPMorgan Chase & Co. increased their price objective on shares of Aramark from $41.00 to $45.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. The Goldman Sachs Group increased their price target on Aramark from $38.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. UBS Group boosted their price objective on Aramark from $40.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Morgan Stanley increased their target price on Aramark from $40.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Finally, Stifel Nicolaus boosted their price target on Aramark from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.59.

Aramark Price Performance

Aramark stock opened at $37.77 on Tuesday. Aramark has a 52-week low of $28.30 and a 52-week high of $42.49. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 1.42. The firm’s fifty day moving average is $38.82 and its 200 day moving average is $37.05. The company has a market cap of $10.00 billion, a price-to-earnings ratio of 38.15 and a beta of 1.64.

Aramark (NYSE:ARMK) last announced its earnings results on Monday, November 11th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. The firm had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $4.46 billion. Aramark had a net margin of 1.51% and a return on equity of 14.06%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.64 EPS. Sell-side analysts forecast that Aramark will post 1.92 EPS for the current fiscal year.

Aramark Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Monday, December 2nd were issued a $0.001 dividend. This represents a $0.00 dividend on an annualized basis and a dividend yield of 0.01%. The ex-dividend date of this dividend was Monday, December 2nd. Aramark’s dividend payout ratio (DPR) is 42.42%.

Aramark Company 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.