Janus Henderson Group PLC Has $608.62 Million Holdings in Aramark (NYSE:ARMK)

Janus Henderson Group PLC lifted its holdings in shares of Aramark (NYSE:ARMK) by 6.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,714,443 shares of the company’s stock after purchasing an additional 896,288 shares during the period. Janus Henderson Group PLC owned about 0.06% of Aramark worth $608,619,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in ARMK. Massachusetts Financial Services Co. MA grew its stake in shares of Aramark by 70.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,329,917 shares of the company’s stock worth $322,618,000 after acquiring an additional 3,430,131 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Aramark by 18.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,731,963 shares of the company’s stock valued at $160,977,000 after purchasing an additional 720,738 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Aramark by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,732,661 shares of the company’s stock worth $67,106,000 after buying an additional 14,839 shares during the last quarter. Millennium Management LLC grew its position in Aramark by 822.3% during the second quarter. Millennium Management LLC now owns 1,677,629 shares of the company’s stock valued at $57,073,000 after buying an additional 1,495,737 shares during the period. Finally, Public Employees Retirement Association of Colorado boosted its position in Aramark by 13.8% during the second quarter. Public Employees Retirement Association of Colorado now owns 922,212 shares of the company’s stock worth $31,374,000 after acquiring an additional 112,038 shares during the last quarter.

Aramark Stock Down 0.8 %

ARMK stock opened at $40.26 on Tuesday. The stock has a 50-day simple moving average of $38.75 and a two-hundred day simple moving average of $35.89. The firm has a market capitalization of $10.63 billion, a PE ratio of 40.67 and a beta of 1.63. Aramark has a twelve month low of $26.58 and a twelve month high of $42.49. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 1.42.

Aramark (NYSE:ARMK) last announced its quarterly earnings data on Monday, November 11th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. Aramark had a net margin of 1.51% and a return on equity of 14.06%. The firm had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.46 billion. During the same period in the prior year, the company posted $0.64 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities analysts predict that Aramark will post 1.92 EPS for the current fiscal year.

Aramark Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Monday, December 2nd will be given a $0.001 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.00 annualized dividend and a dividend yield of 0.01%. Aramark’s dividend payout ratio is presently 38.38%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ARMK shares. StockNews.com upgraded shares of Aramark from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. The Goldman Sachs Group raised their price target on shares of Aramark from $38.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Bank of America lifted their price objective on shares of Aramark from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Truist Financial boosted their price objective on shares of Aramark from $42.00 to $46.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, UBS Group upped their price target on Aramark from $40.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Aramark presently has an average rating of “Moderate Buy” and a consensus target price of $42.23.

Aramark Company 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.