Livforsakringsbolaget Skandia Omsesidigt held its stake in Aramark (NYSE:ARMK) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,400 shares of the company’s stock at the end of the second quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Aramark were worth $180,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of ARMK. Israel Discount Bank of New York purchased a new stake in Aramark during the first quarter valued at $103,000. FNY Managed Accounts LLC purchased a new stake in Aramark during the first quarter valued at $110,000. Pacer Advisors Inc. boosted its stake in Aramark by 3.3% in the first quarter. Pacer Advisors Inc. now owns 4,497 shares of the company’s stock valued at $166,000 after buying an additional 143 shares during the last quarter. CAPROCK Group Inc. purchased a new stake in Aramark during the first quarter valued at $202,000. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in Aramark by 6.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 6,201 shares of the company’s stock valued at $214,000 after buying an additional 395 shares during the last quarter. 95.25% of the stock is currently owned by institutional investors and hedge funds.
Aramark (ARMK) opened at 40.72 on Thursday. The stock has a market capitalization of $9.94 billion, a price-to-earnings ratio of 31.27 and a beta of 0.50. Aramark has a 12-month low of $32.73 and a 12-month high of $41.72. The stock’s 50 day moving average is $40.25 and its 200 day moving average is $36.96.
Aramark (NYSE:ARMK) last announced its earnings results on Tuesday, May 9th. The company reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.08. The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.63 billion. Aramark had a net margin of 2.23% and a return on equity of 19.13%. Aramark’s revenue was up 1.3% compared to the same quarter last year. During the same period last year, the firm earned $0.39 earnings per share. Equities analysts predict that Aramark will post $1.96 earnings per share for the current fiscal year.
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Several research firms have weighed in on ARMK. Zacks Investment Research raised Aramark from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research report on Friday, May 12th. BidaskClub cut Aramark from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 7th. Deutsche Bank AG lifted their price objective on Aramark from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, May 10th. Finally, Barclays PLC lifted their price objective on Aramark from $37.00 to $39.00 and gave the company an “equal weight” rating in a research report on Friday, June 23rd. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Aramark has a consensus rating of “Buy” and an average target price of $42.90.
In related news, EVP Stephen R. Reynolds sold 30,000 shares of the firm’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $40.41, for a total transaction of $1,212,300.00. Following the completion of the transaction, the executive vice president now owns 62,460 shares of the company’s stock, valued at $2,524,008.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP James J. Tarangelo sold 3,000 shares of the firm’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $37.15, for a total transaction of $111,450.00. Following the transaction, the vice president now directly owns 2,871 shares of the company’s stock, valued at approximately $106,657.65. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 143,629 shares of company stock valued at $5,618,413. 2.90% of the stock is owned by insiders.
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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