Voya Investment Management LLC trimmed its stake in shares of Aramark (NYSE:ARMK) by 5.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,924 shares of the company’s stock after selling 4,603 shares during the quarter. Voya Investment Management LLC’s holdings in Aramark were worth $3,234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. US Bancorp DE grew its position in Aramark by 0.6% during the 1st quarter. US Bancorp DE now owns 6,417 shares of the company’s stock worth $237,000 after acquiring an additional 41 shares during the last quarter. CAPROCK Group Inc. grew its position in Aramark by 0.8% during the 2nd quarter. CAPROCK Group Inc. now owns 5,528 shares of the company’s stock worth $227,000 after acquiring an additional 43 shares during the last quarter. Pacer Advisors Inc. grew its position in Aramark by 3.3% during the 1st quarter. Pacer Advisors Inc. now owns 4,497 shares of the company’s stock worth $166,000 after acquiring an additional 143 shares during the last quarter. Atria Investments LLC grew its position in Aramark by 0.8% during the 2nd quarter. Atria Investments LLC now owns 25,185 shares of the company’s stock worth $1,032,000 after acquiring an additional 209 shares during the last quarter. Finally, Pitcairn Co. grew its position in Aramark by 3.2% during the 2nd quarter. Pitcairn Co. now owns 8,330 shares of the company’s stock worth $341,000 after acquiring an additional 255 shares during the last quarter. Institutional investors and hedge funds own 94.84% of the company’s stock.
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Shares of Aramark (ARMK) opened at 42.33 on Friday. The stock has a market cap of $10.38 billion, a PE ratio of 30.67 and a beta of 0.47. Aramark has a 12-month low of $32.73 and a 12-month high of $42.52. The firm has a 50-day moving average price of $40.83 and a 200 day moving average price of $39.20.
Aramark (NYSE:ARMK) last released its earnings results on Tuesday, August 8th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The firm had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Aramark had a return on equity of 19.29% and a net margin of 2.37%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 earnings per share. Equities research analysts expect that Aramark will post $1.96 earnings per share for the current year.
ARMK has been the topic of several recent research reports. Nomura restated a “buy” rating and set a $45.00 price target (up from $43.00) on shares of Aramark in a research report on Wednesday, August 9th. Royal Bank Of Canada restated a “buy” rating on shares of Aramark in a research report on Thursday, October 5th. BidaskClub lowered Aramark from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 7th. Morgan Stanley raised their price target on Aramark from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. Finally, Barclays PLC raised their price target on Aramark from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Friday, June 23rd. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Aramark presently has a consensus rating of “Buy” and an average price target of $43.00.
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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