Oribel Capital Management LP Grows Holdings in Aramark (ARMK)

Oribel Capital Management LP raised its position in Aramark (NYSE:ARMK) by 256.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 246,400 shares of the company’s stock after acquiring an additional 177,200 shares during the quarter. Aramark makes up approximately 2.1% of Oribel Capital Management LP’s portfolio, making the stock its 11th biggest position. Oribel Capital Management LP owned 0.10% of Aramark worth $10,007,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Toronto Dominion Bank grew its position in shares of Aramark by 19.0% during the second quarter. Toronto Dominion Bank now owns 3,027 shares of the company’s stock worth $124,000 after buying an additional 483 shares in the last quarter. Advisor Group Inc. grew its position in shares of Aramark by 85.7% during the third quarter. Advisor Group Inc. now owns 3,342 shares of the company’s stock worth $136,000 after buying an additional 1,542 shares in the last quarter. Acrospire Investment Management LLC grew its position in shares of Aramark by 98.5% during the second quarter. Acrospire Investment Management LLC now owns 3,628 shares of the company’s stock worth $149,000 after buying an additional 1,800 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Aramark by 8.3% during the second quarter. Pacer Advisors Inc. now owns 4,871 shares of the company’s stock worth $200,000 after buying an additional 374 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Aramark during the third quarter worth about $206,000. 95.68% of the stock is owned by institutional investors.

Shares of Aramark (ARMK) opened at $42.54 on Friday. The firm has a market capitalization of $10,406.80, a P/E ratio of 23.99, a P/E/G ratio of 1.80 and a beta of 0.47. Aramark has a 52 week low of $32.87 and a 52 week high of $44.12. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.86 and a current ratio of 1.12.

Aramark (NYSE:ARMK) last posted its earnings results on Tuesday, November 14th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.02. The firm had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.70 billion. Aramark had a return on equity of 19.29% and a net margin of 2.56%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 earnings per share. analysts forecast that Aramark will post 1.96 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 7th. Shareholders of record on Monday, November 27th were paid a $0.105 dividend. The ex-dividend date was Friday, November 24th. This represents a $0.42 dividend on an annualized basis and a yield of 0.99%. This is a boost from Aramark’s previous quarterly dividend of $0.10. Aramark’s payout ratio is currently 28.19%.

In other news, Director Sanjeev K. Mehra acquired 19,640 shares of Aramark stock in a transaction on Thursday, November 16th. The stock was bought at an average price of $40.75 per share, for a total transaction of $800,330.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.90% of the stock is currently owned by insiders.

A number of equities analysts have recently commented on ARMK shares. Morgan Stanley boosted their price objective on Aramark from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. BidaskClub downgraded Aramark from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Royal Bank Of Canada restated a “buy” rating on shares of Aramark in a research note on Thursday, October 5th. Nomura boosted their target price on Aramark from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Tuesday, October 17th. Finally, Zacks Investment Research cut Aramark from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 18th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $44.83.

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Aramark Profile

Aramark is a global provider of food, facilities and uniform services to education, healthcare, business and industry, and sports, leisure and corrections clients. The Company operates through three segments: Food and Support Services North America (FSS North America), Food and Support Services International (FSS International), and Uniform and Career Apparel (Uniform).

Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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