Caisse DE Depot ET Placement DU Quebec Has $883,000 Position in Aramark (NYSE:ARMK)

Caisse DE Depot ET Placement DU Quebec raised its holdings in Aramark (NYSE:ARMK) by 62.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,670 shares of the company’s stock after acquiring an additional 7,935 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Aramark were worth $883,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Cerebellum GP LLC purchased a new position in shares of Aramark in the 4th quarter valued at approximately $127,000. Advisor Group Inc. raised its stake in Aramark by 85.7% during the third quarter. Advisor Group Inc. now owns 3,342 shares of the company’s stock valued at $136,000 after buying an additional 1,542 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Aramark by 91.7% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,450 shares of the company’s stock worth $147,000 after purchasing an additional 1,650 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Aramark by 54.9% in the 4th quarter. SG Americas Securities LLC now owns 3,954 shares of the company’s stock worth $169,000 after purchasing an additional 1,401 shares in the last quarter. Finally, Highlander Capital Management LLC bought a new stake in shares of Aramark in the 3rd quarter worth $203,000. Hedge funds and other institutional investors own 94.69% of the company’s stock.

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ARMK has been the subject of several research analyst reports. Barclays lifted their price objective on Aramark from $45.00 to $47.00 and gave the stock an “equal weight” rating in a report on Friday, December 22nd. Morgan Stanley boosted their price target on Aramark from $41.00 to $42.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Credit Suisse Group restated an “outperform” rating and issued a $50.00 price objective on shares of Aramark in a research report on Wednesday, January 24th. Royal Bank of Canada reiterated a “buy” rating and issued a $51.00 target price on shares of Aramark in a research report on Friday, January 19th. Finally, Stifel Nicolaus assumed coverage on Aramark in a research report on Tuesday, December 19th. They set a “buy” rating and a $50.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $47.43.

ARMK traded down $0.89 during midday trading on Friday, hitting $38.55. 959,709 shares of the company were exchanged, compared to its average volume of 1,066,217. Aramark has a 1-year low of $36.06 and a 1-year high of $46.09. The company has a debt-to-equity ratio of 2.56, a quick ratio of 1.09 and a current ratio of 1.40. The company has a market capitalization of $9,476.78, a P/E ratio of 21.78, a P/E/G ratio of 1.61 and a beta of 0.64.

Aramark (NYSE:ARMK) last posted its earnings results on Tuesday, February 6th. The company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.03. The firm had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.88 billion. Aramark had a return on equity of 18.68% and a net margin of 3.65%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the firm earned $0.55 EPS. analysts forecast that Aramark will post 1.99 EPS for the current year.

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Aramark Profile

Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in North America and internationally. The company operates through three segments: Food and Support Services North America, Food and Support Services International, Uniform and Career Apparel.

Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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