AMI Asset Management Corp reduced its stake in Aramark (NYSE:ARMK) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 734,067 shares of the company’s stock after selling 30,577 shares during the period. Aramark makes up about 2.2% of AMI Asset Management Corp’s holdings, making the stock its 17th largest holding. AMI Asset Management Corp’s holdings in Aramark were worth $31,374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently bought and sold shares of the company. Pegasus Partners Ltd. boosted its holdings in shares of Aramark by 41.8% in the third quarter. Pegasus Partners Ltd. now owns 104,938 shares of the company’s stock worth $4,262,000 after acquiring an additional 30,941 shares during the period. Goldman Sachs Group Inc. boosted its stake in Aramark by 2.4% during the second quarter. Goldman Sachs Group Inc. now owns 1,898,636 shares of the company’s stock valued at $77,806,000 after buying an additional 43,708 shares during the period. Swiss National Bank boosted its stake in Aramark by 0.6% during the third quarter. Swiss National Bank now owns 1,913,100 shares of the company’s stock valued at $77,691,000 after buying an additional 12,000 shares during the period. Oribel Capital Management LP boosted its stake in Aramark by 256.1% during the third quarter. Oribel Capital Management LP now owns 246,400 shares of the company’s stock valued at $10,007,000 after buying an additional 177,200 shares during the period. Finally, Quantitative Investment Management LLC bought a new stake in Aramark during the second quarter valued at $1,487,000. 95.40% of the stock is owned by hedge funds and other institutional investors.
Shares of Aramark (NYSE ARMK) traded down $0.07 during mid-day trading on Tuesday, reaching $44.00. The company’s stock had a trading volume of 1,489,590 shares, compared to its average volume of 1,213,840. 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 has a 52-week low of $32.87 and a 52-week high of $44.30. The company has a market capitalization of $10,780.00, a price-to-earnings ratio of 29.73, a P/E/G ratio of 1.87 and a beta of 0.47.
Aramark (NYSE:ARMK) last issued its quarterly earnings results on Tuesday, November 14th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.02. Aramark had a return on equity of 19.29% and a net margin of 2.56%. The firm had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue was up 3.1% compared to the same quarter last year. equities analysts expect that Aramark will post 1.96 earnings per share for the current fiscal year.
In other news, Director Sanjeev K. Mehra purchased 19,640 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was purchased at an average price of $40.75 per share, with a total value of $800,330.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.30% of the company’s stock.
Several equities research analysts recently issued reports on ARMK shares. BidaskClub raised Aramark from a “hold” rating to a “buy” rating in a research note on Wednesday, October 18th. Nomura lifted their price objective on Aramark from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, October 17th. Royal Bank of Canada reissued a “buy” rating on shares of Aramark in a research note on Thursday, October 5th. Stifel Nicolaus started coverage on Aramark in a research note on Tuesday, December 19th. They set a “buy” rating and a $50.00 price objective for the company. Finally, Barclays lifted their price objective on Aramark from $45.00 to $47.00 and gave the company an “equal weight” rating in a research note on Saturday, December 30th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $45.86.
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Aramark Company 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).
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