Landscape Capital Management L.L.C. Has $1.66 Million Position in Aramark (NYSE:ARMK)

Landscape Capital Management L.L.C. lessened its holdings in shares of Aramark (NYSE:ARMK) by 27.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 42,847 shares of the company’s stock after selling 16,194 shares during the period. Landscape Capital Management L.L.C.’s holdings in Aramark were worth $1,659,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. CIBC Asset Management Inc raised its stake in shares of Aramark by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 7,621 shares of the company’s stock worth $295,000 after purchasing an additional 265 shares in the last quarter. Bradley Foster & Sargent Inc. CT lifted its position in shares of Aramark by 0.4% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 69,987 shares of the company’s stock worth $2,381,000 after buying an additional 310 shares during the last quarter. Industrial Alliance Investment Management Inc. lifted its position in shares of Aramark by 3.3% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 10,660 shares of the company’s stock worth $347,000 after buying an additional 340 shares during the last quarter. Huntington National Bank raised its position in Aramark by 100.3% in the third quarter. Huntington National Bank now owns 681 shares of the company’s stock valued at $26,000 after purchasing an additional 341 shares during the last quarter. Finally, Cadent Capital Advisors LLC raised its position in Aramark by 4.7% in the third quarter. Cadent Capital Advisors LLC now owns 7,711 shares of the company’s stock valued at $299,000 after purchasing an additional 349 shares during the last quarter.

Aramark Trading Up 3.7 %

Shares of Aramark stock opened at $40.41 on Friday. The stock has a market cap of $10.65 billion, a PE ratio of 40.82 and a beta of 1.62. The firm has a fifty day moving average price of $38.29 and a 200 day moving average price of $35.40. Aramark has a 1 year low of $26.58 and a 1 year high of $42.04. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.81 and a quick ratio of 0.72.

Aramark (NYSE:ARMK) last released its earnings results on Monday, November 11th. The company reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. Aramark had a return on equity of 14.06% and a net margin of 1.51%. The business had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter last year, the business posted $0.64 earnings per share. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. Equities research analysts predict that Aramark will post 1.92 earnings per share for the current year.

Aramark Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Monday, December 2nd will be given a dividend of $0.001 per share. This represents a $0.00 dividend on an annualized basis and a dividend yield of 0.01%. The ex-dividend date of this dividend is Monday, December 2nd. Aramark’s payout ratio is 42.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ARMK shares. The Goldman Sachs Group increased their price target on Aramark from $38.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft upgraded Aramark from a “hold” rating to a “buy” rating and raised their target price for the company from $36.00 to $39.00 in a report on Wednesday, August 7th. JPMorgan Chase & Co. raised their target price on Aramark from $41.00 to $45.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. UBS Group lifted their price target on Aramark from $40.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, Morgan Stanley lifted their price target on Aramark from $38.00 to $40.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.23.

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.