Three Peaks Capital Management LLC Boosts Stock Holdings in Aramark (NYSE:ARMK)

Three Peaks Capital Management LLC raised its holdings in Aramark (NYSE:ARMK) by 6.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 122,260 shares of the company’s stock after acquiring an additional 7,480 shares during the period. Aramark makes up 1.4% of Three Peaks Capital Management LLC’s investment portfolio, making the stock its 22nd largest position. Three Peaks Capital Management LLC’s holdings in Aramark were worth $5,306,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Nomura Holdings Inc. increased its stake in shares of Aramark by 1.8% in the third quarter. Nomura Holdings Inc. now owns 23,506,844 shares of the company’s stock worth $1,004,817,000 after purchasing an additional 413,971 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Aramark by 0.6% in the second quarter. Vanguard Group Inc. now owns 21,972,684 shares of the company’s stock worth $792,335,000 after purchasing an additional 120,447 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Aramark by 3.9% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 18,458,058 shares of the company’s stock worth $665,597,000 after purchasing an additional 686,953 shares in the last quarter. Kensico Capital Management Corp increased its stake in shares of Aramark by 2.7% in the third quarter. Kensico Capital Management Corp now owns 8,010,000 shares of the company’s stock worth $349,076,000 after purchasing an additional 210,700 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Aramark by 0.4% in the third quarter. State Street Corp now owns 5,218,376 shares of the company’s stock worth $227,417,000 after purchasing an additional 18,445 shares in the last quarter. Hedge funds and other institutional investors own 99.60% of the company’s stock.

NYSE:ARMK traded down $0.60 during mid-day trading on Friday, hitting $46.01. 83,602 shares of the stock traded hands, compared to its average volume of 2,474,672. The business’s 50-day moving average price is $43.71 and its 200 day moving average price is $41.40. The company has a market cap of $11.50 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 2.32 and a beta of 0.86. Aramark has a 12-month low of $25.49 and a 12-month high of $46.86. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 1.99.

Aramark (NYSE:ARMK) last issued its quarterly earnings data on Tuesday, November 19th. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.01). The firm had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.94 billion. Aramark had a net margin of 2.76% and a return on equity of 17.27%. Aramark’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.70 EPS. Analysts anticipate that Aramark will post 2.12 earnings per share for the current fiscal year.

In related news, CEO John J. Zillmer purchased 35,000 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was acquired at an average price of $42.68 per share, with a total value of $1,493,800.00. Following the purchase, the chief executive officer now directly owns 201,030 shares in the company, valued at $8,579,960.40. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Lynn Mckee sold 225,340 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $44.11, for a total transaction of $9,939,747.40. Following the completion of the transaction, the executive vice president now directly owns 432,955 shares of the company’s stock, valued at approximately $19,097,645.05. The disclosure for this sale can be found here. 3.30% of the stock is owned by insiders.

ARMK has been the subject of several recent analyst reports. Berenberg Bank cut shares of Aramark from a “buy” rating to a “hold” rating and boosted their price objective for the company from $37.00 to $43.00 in a research note on Friday. Zacks Investment Research cut shares of Aramark from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Barclays boosted their price objective on shares of Aramark from $35.00 to $45.00 and gave the company an “equal weight” rating in a research note on Thursday, September 19th. They noted that the move was a valuation call. Jefferies Financial Group initiated coverage on shares of Aramark in a research note on Wednesday, November 27th. They set a “hold” rating and a $49.00 price objective for the company. Finally, ValuEngine cut shares of Aramark from a “hold” rating to a “sell” rating in a research note on Friday, January 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $46.82.

About Aramark

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

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Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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