Aramark (NYSE:ARMK) insider Keith Bethel sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $37.40, for a total transaction of $280,500.00. Following the transaction, the insider now directly owns 43,692 shares in the company, valued at $1,634,080.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
NYSE:ARMK opened at $37.10 on Friday. Aramark has a 12 month low of $25.49 and a 12 month high of $43.70. The firm has a fifty day simple moving average of $36.39 and a 200-day simple moving average of $32.97. The company has a current ratio of 1.22, a quick ratio of 1.04 and a debt-to-equity ratio of 2.19. The company has a market capitalization of $9.16 billion, a P/E ratio of 18.64, a PEG ratio of 2.13 and a beta of 0.91.
Aramark (NYSE:ARMK) last posted its earnings results on Tuesday, August 6th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.08. The company had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $3.99 billion. Aramark had a net margin of 3.33% and a return on equity of 17.39%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 earnings per share. Equities analysts forecast that Aramark will post 2.03 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of ARMK. Thompson Siegel & Walmsley LLC lifted its position in Aramark by 9,798.2% during the first quarter. Thompson Siegel & Walmsley LLC now owns 3,533,675 shares of the company’s stock valued at $104,421,000 after purchasing an additional 3,497,975 shares during the period. BlackRock Inc. increased its holdings in Aramark by 14.3% in the first quarter. BlackRock Inc. now owns 16,018,108 shares of the company’s stock valued at $473,333,000 after buying an additional 2,006,743 shares in the last quarter. Sarasin & Partners LLP increased its holdings in Aramark by 84.1% in the second quarter. Sarasin & Partners LLP now owns 3,937,962 shares of the company’s stock valued at $142,003,000 after buying an additional 1,798,783 shares in the last quarter. Suvretta Capital Management LLC purchased a new position in Aramark in the second quarter valued at $64,668,000. Finally, Nuveen Asset Management LLC purchased a new position in Aramark in the second quarter valued at $54,938,000. Institutional investors own 97.47% of the company’s stock.
ARMK has been the topic of several research reports. Robert W. Baird lowered shares of Aramark from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $38.00 to $40.00 in a report on Wednesday, August 7th. Zacks Investment Research raised shares of Aramark from a “sell” rating to a “hold” rating in a report on Tuesday, July 16th. ValuEngine raised shares of Aramark from a “sell” rating to a “hold” rating in a report on Thursday, May 30th. Stifel Nicolaus reissued a “hold” rating and set a $36.00 price objective on shares of Aramark in a report on Wednesday, August 7th. Finally, TheStreet upgraded shares of Aramark from a “c+” rating to a “b-” rating in a research note on Friday, July 5th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $39.42.
Aramark Company Profile
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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