USS Investment Management Ltd bought a new stake in shares of Aramark (NYSE:ARMK) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 160,900 shares of the company’s stock, valued at approximately $6,876,000. USS Investment Management Ltd owned approximately 0.07% of Aramark at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. Toronto Dominion Bank increased its holdings in Aramark by 19.0% in the 2nd quarter. Toronto Dominion Bank now owns 3,027 shares of the company’s stock worth $124,000 after acquiring an additional 483 shares in the last quarter. Advisor Group Inc. increased its holdings in Aramark by 85.7% in the 3rd quarter. Advisor Group Inc. now owns 3,342 shares of the company’s stock worth $136,000 after acquiring an additional 1,542 shares in the last quarter. Acrospire Investment Management LLC increased its holdings in Aramark by 98.5% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,628 shares of the company’s stock worth $149,000 after acquiring an additional 1,800 shares in the last quarter. Highlander Capital Management LLC purchased a new stake in Aramark in the 3rd quarter worth $203,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in Aramark in the 3rd quarter worth $206,000. 95.40% of the stock is owned by hedge funds and other institutional investors.
In other Aramark news, Director Sanjeev K. Mehra bought 19,640 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was acquired at an average price of $40.75 per share, with a total value of $800,330.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.30% of the stock is owned by corporate insiders.
Several equities research analysts recently commented on ARMK shares. BidaskClub raised shares of Aramark from a “sell” rating to a “hold” rating in a report on Saturday, September 23rd. Royal Bank of Canada reissued a “buy” rating on shares of Aramark in a report on Thursday, October 5th. Nomura boosted their price target on shares of Aramark from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, October 17th. Zacks Investment Research lowered shares of Aramark from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 18th. Finally, Barclays reissued a “hold” rating and issued a $45.00 price target on shares of Aramark in a report on Thursday, October 19th. Three 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 stock. The stock has a consensus rating of “Buy” and an average price target of $45.86.
Shares of Aramark (NYSE:ARMK) opened at $44.00 on Wednesday. Aramark has a 1-year low of $32.87 and a 1-year high of $44.30. The stock has a market cap of $10,822.97, a price-to-earnings ratio of 29.53, a PEG ratio of 1.87 and a beta of 0.47. The company has a current ratio of 1.12, a quick ratio of 0.86 and a debt-to-equity ratio of 2.11.
Aramark (NYSE:ARMK) last released its earnings results on Tuesday, November 14th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.02. Aramark had a net margin of 2.56% and a return on equity of 19.29%. The business had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same quarter in the prior year, the firm earned $0.49 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. equities research analysts forecast that Aramark will post 1.96 EPS for the current fiscal year.
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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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