State of Alaska Department of Revenue raised its position in shares of Aramark (NYSE:ARMK) by 6.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 17,231 shares of the company’s stock after buying an additional 1,032 shares during the period. State of Alaska Department of Revenue’s holdings in Aramark were worth $706,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the stock. Israel Discount Bank of New York purchased a new stake in shares of Aramark during the first quarter worth $103,000. FNY Managed Accounts LLC bought a new position in shares of Aramark during the first quarter worth about $110,000. Simplex Trading LLC bought a new position in shares of Aramark during the second quarter worth about $127,000. Pacer Advisors Inc. raised its position in shares of Aramark by 3.3% in the first quarter. Pacer Advisors Inc. now owns 4,497 shares of the company’s stock worth $166,000 after buying an additional 143 shares during the period. Finally, Capstone Asset Management Co. bought a new position in shares of Aramark during the second quarter worth about $208,000. Hedge funds and other institutional investors own 95.94% of the company’s stock.
Shares of Aramark (NYSE ARMK) opened at 39.91 on Monday. Aramark has a 52 week low of $32.73 and a 52 week high of $41.72. The company has a market capitalization of $9.74 billion, a PE ratio of 30.65 and a beta of 0.48. The stock has a 50 day moving average price of $40.54 and a 200-day moving average price of $37.34.
Aramark (NYSE:ARMK) last issued its quarterly earnings data on Tuesday, May 9th. The company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.08. Aramark had a return on equity of 19.13% and a net margin of 2.23%. The company had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.63 billion. During the same quarter in the previous year, the company posted $0.39 earnings per share. Aramark’s revenue was up 1.3% compared to the same quarter last year. Equities research analysts expect that Aramark will post $1.96 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Wednesday, August 16th will be issued a dividend of $0.103 per share. This represents a $0.41 annualized dividend and a yield of 1.03%. The ex-dividend date is Monday, August 14th. Aramark’s dividend payout ratio is presently 31.78%.
A number of equities analysts recently issued reports on the stock. BidaskClub raised shares of Aramark from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 28th. Barclays PLC boosted their target price on shares of Aramark from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Friday, June 23rd. Zacks Investment Research lowered shares of Aramark from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Deutsche Bank AG boosted their price target on shares of Aramark from $42.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, May 10th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Aramark presently has an average rating of “Buy” and a consensus price target of $42.90.
In related news, VP James J. Tarangelo sold 3,000 shares of the business’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $37.15, for a total value of $111,450.00. Following the sale, the vice president now directly owns 2,871 shares in the company, valued at $106,657.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Stephen R. Reynolds sold 30,000 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $40.41, for a total value of $1,212,300.00. Following the completion of the sale, the executive vice president now owns 62,460 shares in the company, valued at $2,524,008.60. The disclosure for this sale can be found here. Insiders have sold 143,629 shares of company stock valued at $5,618,413 in the last three months. 2.90% of the stock is currently owned by corporate 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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