California State Teachers Retirement System decreased its position in Aramark (NYSE:ARMK) by 3.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 402,969 shares of the company’s stock after selling 12,596 shares during the period. California State Teachers Retirement System owned approximately 0.16% of Aramark worth $15,941,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Omnia Family Wealth LLC bought a new position in Aramark in the 1st quarter worth about $103,000. Fuller & Thaler Asset Management Inc. boosted its stake in Aramark by 91.7% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,450 shares of the company’s stock worth $147,000 after purchasing an additional 1,650 shares in the last quarter. SG Americas Securities LLC boosted its stake in Aramark by 54.9% in the 4th quarter. SG Americas Securities LLC now owns 3,954 shares of the company’s stock worth $169,000 after purchasing an additional 1,401 shares in the last quarter. Aristotle Atlantic Partners LLC bought a new position in Aramark in the 1st quarter worth about $208,000. Finally, Putnam FL Investment Management Co. bought a new position in Aramark in the 1st quarter worth about $222,000. Institutional investors own 94.52% of the company’s stock.
Shares of Aramark opened at $38.25 on Friday, Marketbeat.com reports. Aramark has a fifty-two week low of $36.28 and a fifty-two week high of $46.09. The company has a quick ratio of 0.98, a current ratio of 1.30 and a debt-to-equity ratio of 2.77. The stock has a market capitalization of $9.44 billion, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 1.58 and a beta of 0.65.
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 31st. Shareholders of record on Thursday, May 17th were given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Wednesday, May 16th. Aramark’s dividend payout ratio (DPR) is 23.73%.
A number of equities analysts recently issued reports on ARMK shares. Zacks Investment Research cut shares of Aramark from a “hold” rating to a “sell” rating in a research note on Thursday, April 19th. TheStreet lowered Aramark from a “b” rating to a “c+” rating in a research report on Tuesday, May 8th. Finally, ValuEngine lowered Aramark from a “hold” rating to a “sell” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $47.33.
Aramark Company Profile
Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in North America and internationally. The company operates through three segments: Food and Support Services North America, Food and Support Services International, Uniform and Career Apparel.
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