6,213 Shares in Aramark (NYSE:ARMK) Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC acquired a new position in Aramark (NYSE:ARMK) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 6,213 shares of the company’s stock, valued at approximately $211,000.

A number of other large investors have also modified their holdings of the company. Industrial Alliance Investment Management Inc. raised its position in Aramark by 3.3% during the first quarter. Industrial Alliance Investment Management Inc. now owns 10,660 shares of the company’s stock valued at $347,000 after acquiring an additional 340 shares in the last quarter. Twin Tree Management LP raised its position in Aramark by 32.0% during the first quarter. Twin Tree Management LP now owns 1,424 shares of the company’s stock valued at $46,000 after acquiring an additional 345 shares in the last quarter. Daiwa Securities Group Inc. raised its position in Aramark by 2.3% during the first quarter. Daiwa Securities Group Inc. now owns 19,540 shares of the company’s stock valued at $635,000 after acquiring an additional 432 shares in the last quarter. CIBC Asset Management Inc raised its position in Aramark by 7.7% during the second quarter. CIBC Asset Management Inc now owns 7,356 shares of the company’s stock valued at $250,000 after acquiring an additional 523 shares in the last quarter. Finally, OLD National Bancorp IN raised its position in Aramark by 6.8% during the second quarter. OLD National Bancorp IN now owns 11,047 shares of the company’s stock valued at $376,000 after acquiring an additional 708 shares in the last quarter.

Analysts Set New Price Targets

Several research firms have recently issued reports on ARMK. JPMorgan Chase & Co. boosted their price objective on shares of Aramark from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Oppenheimer boosted their price target on shares of Aramark from $36.00 to $39.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Truist Financial boosted their price target on shares of Aramark from $37.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday. StockNews.com lowered shares of Aramark from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Aramark from a “hold” rating to a “buy” rating and upped their target price for the stock from $36.00 to $39.00 in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.89.

Aramark Stock Up 0.3 %

Shares of NYSE:ARMK opened at $38.21 on Monday. Aramark has a 52 week low of $23.95 and a 52 week high of $38.54. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.86 and a current ratio of 0.96. The company has a market capitalization of $10.07 billion, a PE ratio of 16.05, a PEG ratio of 2.04 and a beta of 1.62. The company has a 50 day moving average price of $34.89 and a two-hundred day moving average price of $33.19.

Aramark (NYSE:ARMK) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.01. Aramark had a net margin of 1.93% and a return on equity of 14.09%. The company had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.31 billion. During the same quarter in the prior year, the firm earned $0.36 earnings per share. The firm’s revenue was up 8.0% compared to the same quarter last year. Analysts forecast that Aramark will post 1.57 earnings per share for the current year.

Aramark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were given a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date was Monday, August 19th. Aramark’s dividend payout ratio (DPR) 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.