Highlander Capital Management LLC Purchases 1,300 Shares of Aramark (NYSE:ARMK)

Highlander Capital Management LLC increased its position in shares of Aramark (NYSE:ARMK – Get Rating) by 4.9% in the 1st quarter, HoldingsChannel reports. The fund owned 28,100 shares of the company’s stock after acquiring an additional 1,300 shares during the period. Highlander Capital Management LLC’s holdings in Aramark were worth $1,057,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. CWM LLC increased its stake in Aramark by 108.4% during the 1st quarter. CWM LLC now owns 667 shares of the company’s stock valued at $25,000 after purchasing an additional 347 shares in the last quarter. Allworth Financial LP acquired a new position in Aramark during the 1st quarter valued at approximately $28,000. First Horizon Advisors Inc. increased its stake in Aramark by 88.7% during the 4th quarter. First Horizon Advisors Inc. now owns 1,895 shares of the company’s stock valued at $69,000 after purchasing an additional 891 shares in the last quarter. Deseret Mutual Benefit Administrators increased its stake in Aramark by 15.2% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 2,569 shares of the company’s stock valued at $95,000 after purchasing an additional 339 shares in the last quarter. Finally, Prospera Financial Services Inc acquired a new position in Aramark during the 1st quarter valued at approximately $141,000.

Analyst Ratings Changes

Separately, Morgan Stanley cut their price target on shares of Aramark from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $38.71.

Aramark Stock Performance

NYSE:ARMK opened at $35.17 on Friday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.98 and a current ratio of 1.14. The company has a fifty day moving average of $31.99 and a two-hundred day moving average of $34.48. The stock has a market capitalization of $9.03 billion, a PE ratio of 60.64, a P/E/G ratio of 0.88 and a beta of 1.72. Aramark has a fifty-two week low of $28.74 and a fifty-two week high of $39.95.

Aramark (NYSE:ARMK – Get Rating) last posted its quarterly earnings data on Tuesday, May 10th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. The company had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Aramark had a net margin of 1.02% and a return on equity of 6.43%. The firm’s revenue for the quarter was up 36.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.24) earnings per share. As a group, research analysts forecast that Aramark will post 1.15 earnings per share for the current fiscal year.

Aramark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 30th. Shareholders of record on Wednesday, August 17th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Tuesday, August 16th. Aramark’s dividend payout ratio is presently 75.86%.

Aramark Company Profile

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Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through three segments: Food and Support Services United States, Food and Support Services International, and Uniform and Career Apparel.