Natixis Purchases 259,267 Shares of Aramark (NYSE:ARMK)

Natixis boosted its position in Aramark (NYSE:ARMK) by 497.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 311,341 shares of the company’s stock after buying an additional 259,267 shares during the period. Natixis owned approximately 0.13% of Aramark worth $11,227,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ARMK. Thompson Siegel & Walmsley LLC grew its holdings in shares of 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 buying an additional 3,497,975 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Aramark by 14.3% in the 1st quarter. BlackRock Inc. now owns 16,018,108 shares of the company’s stock worth $473,333,000 after acquiring an additional 2,006,743 shares during the last quarter. Sarasin & Partners LLP lifted its position in Aramark by 84.1% in the 2nd quarter. Sarasin & Partners LLP now owns 3,937,962 shares of the company’s stock valued at $142,003,000 after acquiring an additional 1,798,783 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Aramark by 55.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,707,484 shares of the company’s stock valued at $78,432,000 after acquiring an additional 969,260 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in Aramark by 4.9% in the 2nd quarter. Janus Henderson Group PLC now owns 10,008,714 shares of the company’s stock valued at $360,913,000 after acquiring an additional 469,963 shares in the last quarter. 98.53% of the stock is currently owned by institutional investors and hedge funds.

NYSE:ARMK traded up $0.29 on Wednesday, reaching $42.44. 13,014 shares of the company’s stock were exchanged, compared to its average volume of 3,236,226. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.22 and a quick ratio of 1.04. The firm has a market cap of $10.37 billion, a price-to-earnings ratio of 21.37, a P/E/G ratio of 2.38 and a beta of 0.89. Aramark has a 52 week low of $25.49 and a 52 week high of $43.70. The stock has a fifty day simple moving average of $38.60 and a 200-day simple moving average of $33.97.

Aramark (NYSE:ARMK) last posted its earnings results on Tuesday, August 6th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.08. Aramark had a return on equity of 17.39% and a net margin of 3.33%. The firm had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter in the prior year, the business posted $0.48 earnings per share. The business’s quarterly revenue was up 1.0% on a year-over-year basis. As a group, sell-side analysts predict that Aramark will post 2.05 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a dividend of $0.11 per share. The ex-dividend date was Wednesday, August 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.04%. Aramark’s dividend payout ratio (DPR) is currently 22.11%.

A number of analysts have commented on ARMK shares. Royal Bank of Canada set a $49.00 price objective on Aramark and gave the stock a “buy” rating in a report on Monday, August 26th. Oppenheimer started coverage on Aramark in a report on Thursday, August 22nd. They issued an “outperform” rating and a $50.00 target price on the stock. ValuEngine raised Aramark from a “sell” rating to a “hold” rating in a research report on Thursday, May 30th. Zacks Investment Research upgraded Aramark from a “sell” rating to a “hold” rating in a report on Tuesday, July 16th. Finally, TheStreet raised Aramark from a “c+” rating to a “b-” rating in a research report on Friday, July 5th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Aramark presently has an average rating of “Buy” and a consensus target price of $43.62.

In other Aramark news, insider Keith Bethel sold 7,500 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $37.40, for a total value of $280,500.00. Following the transaction, the insider now directly owns 43,692 shares in the company, valued at approximately $1,634,080.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.50% of the company’s stock.

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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Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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