Amalgamated Bank Has $5.61 Million Stake in Aramark (NYSE:ARMK)

Amalgamated Bank lifted its stake in shares of Aramark (NYSE:ARMK) by 0.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 164,794 shares of the company’s stock after acquiring an additional 1,453 shares during the period. Amalgamated Bank’s holdings in Aramark were worth $5,606,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Bradley Foster & Sargent Inc. CT grew its stake in Aramark by 0.4% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 69,987 shares of the company’s stock valued at $2,381,000 after acquiring an additional 310 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Aramark by 18.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,731,963 shares of the company’s stock worth $160,977,000 after purchasing an additional 720,738 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Aramark by 154.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 452,490 shares of the company’s stock valued at $15,394,000 after purchasing an additional 274,780 shares during the period. Oppenheimer Asset Management Inc. increased its stake in Aramark by 24.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 9,327 shares of the company’s stock valued at $317,000 after purchasing an additional 1,804 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Aramark by 35.3% during the second quarter. American Century Companies Inc. now owns 24,137 shares of the company’s stock worth $821,000 after acquiring an additional 6,298 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ARMK. Morgan Stanley increased their price objective on Aramark from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Monday, September 9th. Bank of America increased their price target on Aramark from $36.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Robert W. Baird upped their target price on shares of Aramark from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Oppenheimer raised 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. Finally, StockNews.com raised shares of Aramark from a “sell” rating to a “hold” rating in a research report on Saturday. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $37.36.

Aramark Price Performance

Shares of NYSE ARMK opened at $37.75 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 1.71. The stock has a fifty day simple moving average of $35.43 and a two-hundred day simple moving average of $33.42. Aramark has a 1-year low of $23.95 and a 1-year high of $38.99. The firm has a market cap of $9.93 billion, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 2.04 and a beta of 1.62.

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

Aramark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were paid a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Monday, August 19th. Aramark’s payout ratio is currently 15.97%.

About Aramark

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.