Unigestion Holding SA lessened its stake in shares of Aramark (NYSE:ARMK) by 75.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 141,639 shares of the company’s stock after selling 428,003 shares during the quarter. Unigestion Holding SA owned approximately 0.06% of Aramark worth $6,093,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. FMR LLC grew its stake in shares of Aramark by 6.4% during the second quarter. FMR LLC now owns 13,946,218 shares of the company’s stock worth $517,404,000 after buying an additional 838,390 shares during the last quarter. BlackRock Inc. grew its stake in shares of Aramark by 0.8% during the second quarter. BlackRock Inc. now owns 13,691,046 shares of the company’s stock worth $507,937,000 after buying an additional 107,519 shares during the last quarter. First Manhattan Co. grew its stake in shares of Aramark by 0.9% during the third quarter. First Manhattan Co. now owns 5,724,294 shares of the company’s stock worth $246,259,000 after buying an additional 50,846 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of Aramark by 21.9% in the second quarter. Schroder Investment Management Group now owns 3,969,843 shares of the company’s stock worth $147,678,000 after purchasing an additional 712,908 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Aramark by 19.3% in the second quarter. Janus Henderson Group PLC now owns 3,187,639 shares of the company’s stock worth $118,261,000 after purchasing an additional 516,160 shares during the last quarter. 97.37% of the stock is currently owned by hedge funds and other institutional investors.
ARMK has been the topic of several analyst reports. ValuEngine cut shares of Aramark from a “hold” rating to a “sell” rating in a research note on Friday, October 26th. Nomura boosted their price objective on shares of Aramark from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, September 7th. Bank of America initiated coverage on shares of Aramark in a research note on Tuesday, October 23rd. They issued a “buy” rating and a $49.00 price objective on the stock. Morgan Stanley boosted their price objective on shares of Aramark from $42.00 to $44.00 and gave the stock a “hold” rating in a research note on Wednesday, August 8th. Finally, Sanford C. Bernstein initiated coverage on shares of Aramark in a research note on Monday, September 17th. They issued an “outperform” rating and a $52.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. Aramark presently has an average rating of “Hold” and a consensus target price of $47.44.
Shares of Aramark stock opened at $35.60 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.03 and a debt-to-equity ratio of 2.74. Aramark has a twelve month low of $33.98 and a twelve month high of $46.09. The firm has a market capitalization of $8.88 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 1.21 and a beta of 0.88.
Aramark (NYSE:ARMK) last issued its quarterly earnings data on Tuesday, August 7th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.05. Aramark had a net margin of 3.26% and a return on equity of 17.37%. The company had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.92 billion. As a group, sell-side analysts predict that Aramark will post 1.99 earnings per share for the current fiscal year.
In related news, EVP Stephen R. Reynolds sold 15,000 shares of the business’s stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $41.33, for a total value of $619,950.00. Following the transaction, the executive vice president now owns 47,058 shares in the company, valued at $1,944,907.14. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.90% of the stock is owned by insiders.
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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.
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