Aramark (ARMK) Shares Bought by Aperio Group LLC

Aperio Group LLC boosted its position in Aramark (NYSE:ARMK) by 35.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,160 shares of the company’s stock after buying an additional 12,575 shares during the period. Aperio Group LLC’s holdings in Aramark were worth $2,072,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. FMR LLC boosted its stake in Aramark by 6.4% during the 2nd quarter. FMR LLC now owns 13,946,218 shares of the company’s stock valued at $517,404,000 after purchasing an additional 838,390 shares during the last quarter. BlackRock Inc. boosted its stake in Aramark by 0.8% during the 2nd quarter. BlackRock Inc. now owns 13,691,046 shares of the company’s stock valued at $507,937,000 after purchasing an additional 107,519 shares during the last quarter. First Manhattan Co. boosted its stake in Aramark by 0.9% during the 3rd quarter. First Manhattan Co. now owns 5,724,294 shares of the company’s stock valued at $246,259,000 after purchasing an additional 50,846 shares during the last quarter. Schroder Investment Management Group boosted its stake in Aramark by 21.9% during the 2nd quarter. Schroder Investment Management Group now owns 3,969,843 shares of the company’s stock valued at $147,678,000 after purchasing an additional 712,908 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Aramark by 19.3% during the 2nd quarter. Janus Henderson Group PLC now owns 3,187,639 shares of the company’s stock valued at $118,261,000 after purchasing an additional 516,160 shares during the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

In related news, EVP Stephen R. Reynolds sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 29th. The stock was 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 the SEC website. 2.90% of the stock is currently owned by corporate insiders.

Shares of NYSE ARMK opened at $36.23 on Friday. Aramark has a twelve month low of $33.98 and a twelve month high of $46.09. The company has a market capitalization of $8.74 billion, a PE ratio of 20.47, a price-to-earnings-growth ratio of 1.19 and a beta of 0.88. 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 (NYSE:ARMK) last announced its earnings results on Tuesday, August 7th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. Aramark had a return on equity of 17.37% and a net margin of 3.26%. The firm had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.92 billion. On average, analysts forecast that Aramark will post 1.99 EPS for the current fiscal year.

A number of equities analysts have recently weighed in on ARMK shares. Bank of America started coverage on Aramark in a research note on Tuesday, October 23rd. They issued a “buy” rating and a $49.00 target price on the stock. Nomura boosted their target price on Aramark from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, September 7th. Barclays cut their target price on Aramark from $47.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 24th. Morgan Stanley restated a “hold” rating and issued a $45.00 target price (up previously from $44.00) on shares of Aramark in a research note on Thursday, September 13th. Finally, Zacks Investment Research upgraded Aramark from a “sell” rating to a “hold” rating in a research note on Wednesday, August 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $47.44.

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Aramark Company 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.

See Also: Inflation

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Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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