Mariner Wealth Advisors LLC Invests $688,000 in Aramark (ARMK)

Mariner Wealth Advisors LLC acquired a new position in shares of Aramark (NYSE:ARMK) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 16,090 shares of the company’s stock, valued at approximately $688,000.

Several other large investors have also modified their holdings of ARMK. Toronto Dominion Bank grew its position in Aramark by 19.0% in the 2nd quarter. Toronto Dominion Bank now owns 3,027 shares of the company’s stock valued at $124,000 after acquiring an additional 483 shares in the last quarter. Pictet Asset Management Ltd. grew its position in Aramark by 1.5% in the 3rd quarter. Pictet Asset Management Ltd. now owns 90,700 shares of the company’s stock valued at $3,683,000 after acquiring an additional 1,300 shares in the last quarter. SG Americas Securities LLC grew its position in Aramark by 54.9% in the 4th quarter. SG Americas Securities LLC now owns 3,954 shares of the company’s stock valued at $169,000 after acquiring an additional 1,401 shares in the last quarter. Advisor Group Inc. grew its position in Aramark by 85.7% in the 3rd quarter. Advisor Group Inc. now owns 3,342 shares of the company’s stock valued at $136,000 after acquiring an additional 1,542 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado grew its position in Aramark by 3.2% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 49,642 shares of the company’s stock valued at $2,122,000 after acquiring an additional 1,547 shares in the last quarter. 91.70% of the stock is owned by hedge funds and other institutional investors.

Several research firms have weighed in on ARMK. Barclays lifted 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. Royal Bank of Canada reaffirmed a “buy” rating and issued a $50.00 target price on shares of Aramark in a research report on Wednesday, February 7th. Stifel Nicolaus began coverage on Aramark in a research report on Tuesday, December 19th. They issued a “buy” rating and a $50.00 target price for the company. Morgan Stanley lifted their target price on Aramark from $41.00 to $42.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 31st. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $50.00 target price on shares of Aramark in a research report on Wednesday, January 24th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $47.00.

Aramark (ARMK) opened at $41.33 on Friday. Aramark has a 52-week low of $35.56 and a 52-week high of $46.09. The company has a market capitalization of $10,206.92, a PE ratio of 23.07, a PEG ratio of 1.74 and a beta of 0.51. The company has a debt-to-equity ratio of 2.56, a quick ratio of 1.09 and a current ratio of 1.40.

Aramark (NYSE:ARMK) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.03. Aramark had a return on equity of 18.68% and a net margin of 3.65%. The business had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.88 billion. During the same period in the previous year, the company posted $0.55 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. research analysts predict that Aramark will post 1.99 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 14th will be given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Tuesday, February 13th. Aramark’s dividend payout ratio is presently 19.53%.

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Aramark 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).

Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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