King Street Capital Management L.P. Has $19.72 Million Stock Holdings in Aramark (NYSE:ARMK)

King Street Capital Management L.P. decreased its position in shares of Aramark (NYSE:ARMKGet Rating) by 57.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 535,000 shares of the company’s stock after selling 730,000 shares during the period. Aramark comprises 1.7% of King Street Capital Management L.P.’s portfolio, making the stock its 14th biggest position. King Street Capital Management L.P. owned about 0.21% of Aramark worth $19,715,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nissay Asset Management Corp Japan ADV increased its holdings in shares of Aramark by 4.2% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 25,202 shares of the company’s stock worth $929,000 after buying an additional 1,009 shares in the last quarter. Barclays PLC boosted its stake in Aramark by 32.1% in the fourth quarter. Barclays PLC now owns 340,362 shares of the company’s stock valued at $12,541,000 after acquiring an additional 82,720 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in Aramark by 3,144.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 6,164 shares of the company’s stock valued at $226,000 after acquiring an additional 5,974 shares during the last quarter. Schroder Investment Management Group boosted its stake in Aramark by 21.6% in the fourth quarter. Schroder Investment Management Group now owns 2,481,671 shares of the company’s stock valued at $91,449,000 after acquiring an additional 440,767 shares during the last quarter. Finally, 13D Management LLC boosted its stake in Aramark by 68.6% in the fourth quarter. 13D Management LLC now owns 319,952 shares of the company’s stock valued at $11,790,000 after acquiring an additional 130,207 shares during the last quarter.

Shares of ARMK stock traded up $0.80 during midday trading on Thursday, hitting $33.48. 19,169 shares of the company were exchanged, compared to its average volume of 1,584,750. The firm has a market capitalization of $8.60 billion, a P/E ratio of 57.76, a PEG ratio of 0.85 and a beta of 1.78. 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 firm’s 50 day moving average price is $35.94 and its two-hundred day moving average price is $35.92. Aramark has a 52 week low of $31.22 and a 52 week high of $39.95.

Aramark (NYSE:ARMKGet Rating) last posted its quarterly earnings data on Tuesday, May 10th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. The firm had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.78 billion. Aramark had a net margin of 1.02% and a return on equity of 6.43%. The business’s revenue for the quarter was up 36.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.24) EPS. Analysts expect that Aramark will post 1.17 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Investors of record on Wednesday, May 18th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Tuesday, May 17th. Aramark’s dividend payout ratio is 75.86%.

ARMK has been the topic of a number of recent research reports. Oppenheimer reaffirmed an “outperform” rating and issued a $45.00 price objective on shares of Aramark in a research note on Thursday, March 31st. Bank of America initiated coverage on shares of Aramark in a report on Friday, March 11th. They issued a “buy” rating on the stock. Zacks Investment Research lowered shares of Aramark from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 12th. StockNews.com initiated coverage on shares of Aramark in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Aramark in a report on Tuesday, March 29th. They issued a “hold” rating and a $38.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $39.38.

Aramark Profile (Get Rating)

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.

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Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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