44,920 Shares in Aramark (ARMK) Purchased by BT Investment Management Ltd
BT Investment Management Ltd acquired a new position in shares of Aramark (NYSE:ARMK) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 44,920 shares of the company’s stock, valued at approximately $1,841,000.
Other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its stake in Aramark by 12.6% in the 1st quarter. Russell Investments Group Ltd. now owns 103,832 shares of the company’s stock worth $3,829,000 after buying an additional 11,651 shares during the last quarter. US Bancorp DE boosted its stake in Aramark by 0.6% in the 1st quarter. US Bancorp DE now owns 6,417 shares of the company’s stock worth $237,000 after buying an additional 41 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Aramark by 6.3% in the 1st quarter. Bank of New York Mellon Corp now owns 1,296,567 shares of the company’s stock worth $47,805,000 after buying an additional 76,760 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Aramark by 33.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 40,093 shares of the company’s stock worth $1,478,000 after buying an additional 10,088 shares during the last quarter. Finally, Comerica Bank boosted its stake in Aramark by 82.3% in the 1st quarter. Comerica Bank now owns 21,952 shares of the company’s stock worth $804,000 after buying an additional 9,908 shares during the last quarter. Hedge funds and other institutional investors own 94.84% of the company’s stock.
A number of analysts have issued reports on ARMK shares. BidaskClub lowered Aramark from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 7th. Barclays PLC raised their price target on Aramark from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Friday, June 23rd. Zacks Investment Research lowered Aramark from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Morgan Stanley raised their price target on Aramark from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 10th. Finally, Nomura reissued a “buy” rating and issued a $45.00 price target (up from $43.00) on shares of Aramark in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $42.86.
Aramark (NYSE ARMK) opened at 40.39 on Tuesday. The stock has a 50 day moving average price of $40.02 and a 200 day moving average price of $38.60. Aramark has a 1-year low of $32.73 and a 1-year high of $41.72. The firm has a market capitalization of $9.90 billion, a price-to-earnings ratio of 29.27 and a beta of 0.48.
Aramark (NYSE:ARMK) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.05. The firm had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.61 billion. Aramark had a return on equity of 19.29% and a net margin of 2.37%. Aramark’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 earnings per share. Analysts predict that Aramark will post $1.96 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Wednesday, August 16th were given a dividend of $0.103 per share. This represents a $0.41 annualized dividend and a yield of 1.02%. The ex-dividend date was Monday, August 14th. Aramark’s payout ratio is 29.93%.
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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