Egerton Capital UK LLP Has $43.25 Million Stock Holdings in Aramark (NYSE:ARMK)

Egerton Capital UK LLP lessened its holdings in Aramark (NYSE:ARMK) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,159,072 shares of the company’s stock after selling 23,070 shares during the period. Aramark makes up 0.5% of Egerton Capital UK LLP’s portfolio, making the stock its 28th biggest position. Egerton Capital UK LLP owned about 0.44% of Aramark worth $43,245,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Huntington National Bank increased its holdings in shares of Aramark by 100.3% during the third quarter. Huntington National Bank now owns 681 shares of the company’s stock worth $26,000 after buying an additional 341 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Aramark during the third quarter valued at approximately $28,000. Jones Financial Companies Lllp grew its stake in shares of Aramark by 45.7% during the fourth quarter. Jones Financial Companies Lllp now owns 988 shares of the company’s stock valued at $37,000 after purchasing an additional 310 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Aramark by 75.2% during the fourth quarter. UMB Bank n.a. now owns 1,354 shares of the company’s stock valued at $51,000 after purchasing an additional 581 shares during the last quarter. Finally, Global Retirement Partners LLC grew its stake in shares of Aramark by 167.2% during the fourth quarter. Global Retirement Partners LLC now owns 1,424 shares of the company’s stock valued at $53,000 after purchasing an additional 891 shares during the last quarter.

Aramark Price Performance

Shares of NYSE:ARMK opened at $34.94 on Wednesday. The firm has a 50 day moving average of $37.52 and a 200-day moving average of $38.13. The stock has a market capitalization of $9.26 billion, a PE ratio of 27.51 and a beta of 1.60. The company has a current ratio of 0.94, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. Aramark has a 12 month low of $29.82 and a 12 month high of $42.49.

Aramark (NYSE:ARMK) last issued its earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. The company had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.61 billion. Aramark had a net margin of 1.94% and a return on equity of 14.72%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 EPS. On average, equities research analysts predict that Aramark will post 1.92 EPS for the current fiscal year.

Aramark Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Monday, February 10th were given a $0.105 dividend. This is a boost from Aramark’s previous quarterly dividend of $0.00. This represents a $0.42 annualized dividend and a yield of 1.20%. The ex-dividend date was Monday, February 10th. Aramark’s dividend payout ratio is 33.07%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. StockNews.com cut shares of Aramark from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Citigroup assumed coverage on shares of Aramark in a report on Monday, February 24th. They set a “buy” rating and a $48.00 price objective on the stock. Robert W. Baird raised their price objective on shares of Aramark from $44.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $47.00 price target on shares of Aramark in a research note on Thursday, February 6th. Finally, Stifel Nicolaus boosted their price objective on shares of Aramark from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $43.42.

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.