GSA Capital Partners LLP Takes $269,000 Position in Aramark (NYSE:ARMK)

GSA Capital Partners LLP purchased a new stake in shares of Aramark (NYSE:ARMK) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,182 shares of the company’s stock, valued at approximately $269,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Toronto Dominion Bank raised its holdings in shares of Aramark by 1.6% during the second quarter. Toronto Dominion Bank now owns 34,570 shares of the company’s stock valued at $780,000 after buying an additional 537 shares during the last quarter. US Bancorp DE raised its holdings in Aramark by 21.5% during the second quarter. US Bancorp DE now owns 3,084 shares of the company’s stock worth $70,000 after purchasing an additional 545 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in Aramark by 2.7% during the third quarter. Nissay Asset Management Corp Japan ADV now owns 24,342 shares of the company’s stock worth $644,000 after purchasing an additional 631 shares in the last quarter. Rosenberg Matthew Hamilton raised its holdings in Aramark by 20.3% during the third quarter. Rosenberg Matthew Hamilton now owns 6,602 shares of the company’s stock worth $175,000 after purchasing an additional 1,112 shares in the last quarter. Finally, Comerica Bank raised its holdings in Aramark by 13.8% during the third quarter. Comerica Bank now owns 11,405 shares of the company’s stock worth $345,000 after purchasing an additional 1,380 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors.

NYSE ARMK opened at $35.49 on Friday. Aramark has a twelve month low of $9.65 and a twelve month high of $47.22. The company has a debt-to-equity ratio of 3.17, a quick ratio of 1.95 and a current ratio of 2.15. The stock has a market cap of $8.98 billion, a price-to-earnings ratio of -19.39, a PEG ratio of 28.90 and a beta of 1.79. The firm’s 50 day moving average price is $29.86 and its two-hundred day moving average price is $26.17.

Aramark (NYSE:ARMK) last posted its quarterly earnings data on Monday, November 16th. The company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.05). Aramark had a positive return on equity of 6.76% and a negative net margin of 1.61%. On average, research analysts forecast that Aramark will post 0.45 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 8th. Stockholders of record on Tuesday, December 1st will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Monday, November 30th. Aramark’s dividend payout ratio is currently -258.82%.

Several equities research analysts recently commented on ARMK shares. Oppenheimer boosted their target price on Aramark from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Friday, September 25th. Barclays boosted their target price on Aramark from $25.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday. TheStreet cut Aramark from a “c” rating to a “d+” rating in a report on Tuesday, August 4th. Royal Bank of Canada upped their price target on Aramark from $28.00 to $31.00 and gave the company a “sector perform” rating in a report on Wednesday. Finally, Berenberg Bank reaffirmed a “hold” rating on shares of Aramark in a report on Friday, August 28th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $32.14.

About Aramark

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

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Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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