Aramark (ARMK) Holdings Boosted by Stephens Inc. AR

Stephens Inc. AR grew its holdings in Aramark (NYSE:ARMK) by 16.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 180,383 shares of the company’s stock after purchasing an additional 24,880 shares during the quarter. Stephens Inc. AR owned about 0.07% of Aramark worth $7,325,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of ARMK. Schwab Charles Investment Management Inc. lifted its stake in shares of Aramark by 59.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,502,775 shares of the company’s stock valued at $61,584,000 after acquiring an additional 562,055 shares during the period. Capital Fund Management S.A. lifted its stake in shares of Aramark by 34.0% during the second quarter. Capital Fund Management S.A. now owns 199,712 shares of the company’s stock valued at $8,184,000 after acquiring an additional 50,718 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Aramark by 3.7% during the second quarter. Bank of New York Mellon Corp now owns 1,344,658 shares of the company’s stock valued at $55,104,000 after acquiring an additional 48,091 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Aramark by 2.4% during the second quarter. Goldman Sachs Group Inc. now owns 1,898,636 shares of the company’s stock valued at $77,806,000 after acquiring an additional 43,708 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its stake in shares of Aramark by 8.9% during the second quarter. State Board of Administration of Florida Retirement System now owns 197,011 shares of the company’s stock valued at $8,074,000 after acquiring an additional 16,150 shares during the period. 93.30% of the stock is currently owned by institutional investors.

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ARMK has been the topic of several analyst reports. BidaskClub raised Aramark from a “sell” rating to a “hold” rating in a research note on Saturday, September 23rd. Nomura cut their target price on Aramark from $47.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, November 15th. Royal Bank Of Canada reissued a “buy” rating on shares of Aramark in a research note on Thursday, October 5th. Barclays PLC reissued a “hold” rating and issued a $45.00 target price on shares of Aramark in a research note on Thursday, October 19th. Finally, Zacks Investment Research downgraded Aramark from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $44.83.

Shares of Aramark (NYSE:ARMK) traded up $0.08 during trading on Monday, hitting $40.82. The company’s stock had a trading volume of 1,539,600 shares, compared to its average volume of 1,397,524. Aramark has a 12 month low of $32.87 and a 12 month high of $44.12. The company has a market capitalization of $10,005.19, a P/E ratio of 23.06, a P/E/G ratio of 1.70 and a beta of 0.50. The company has a quick ratio of 1.00, a current ratio of 1.30 and a debt-to-equity ratio of 2.34.

Aramark (NYSE:ARMK) last announced its quarterly earnings results on Tuesday, November 14th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.02. Aramark had a return on equity of 19.69% and a net margin of 2.56%. The company had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same period in the prior year, the company 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 expect that Aramark will post 2 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Monday, November 27th will be issued a $0.105 dividend. This is an increase from Aramark’s previous quarterly dividend of $0.10. This represents a $0.42 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Friday, November 24th. Aramark’s dividend payout ratio is 27.52%.

Aramark Company Profile

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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Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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