Aramark (ARMK) Shares Bought by DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale boosted its position in Aramark (NYSE:ARMK) by 10.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 135,314 shares of the company’s stock after buying an additional 12,988 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Aramark were worth $5,552,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the company. Atria Investments LLC increased its stake in Aramark by 0.8% in the second quarter. Atria Investments LLC now owns 25,185 shares of the company’s stock worth $1,032,000 after buying an additional 209 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Aramark by 6.4% in the second quarter. State of Alaska Department of Revenue now owns 17,231 shares of the company’s stock worth $706,000 after buying an additional 1,032 shares during the last quarter. Neuberger Berman Group LLC increased its stake in Aramark by 9.7% in the first quarter. Neuberger Berman Group LLC now owns 522,500 shares of the company’s stock worth $19,265,000 after buying an additional 46,302 shares during the last quarter. Simplex Trading LLC purchased a new stake in Aramark during the second quarter worth approximately $127,000. Finally, Wellington Management Group LLP increased its stake in Aramark by 3.9% in the first quarter. Wellington Management Group LLP now owns 5,026,984 shares of the company’s stock worth $185,345,000 after buying an additional 190,656 shares during the last quarter. Institutional investors own 95.72% of the company’s stock.
Shares of Aramark (NYSE:ARMK) opened at 39.22 on Wednesday. The firm’s 50-day moving average price is $40.20 and its 200 day moving average price is $37.77. The firm has a market capitalization of $9.61 billion, a price-to-earnings ratio of 28.42 and a beta of 0.48. Aramark has a 52 week low of $32.73 and a 52 week high of $41.72.
Aramark (NYSE:ARMK) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The firm had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Aramark had a return on equity of 19.29% and a net margin of 2.37%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 earnings per share. On average, analysts anticipate that Aramark will post $1.96 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Wednesday, August 16th will be given a dividend of $0.103 per share. The ex-dividend date of this dividend is Monday, August 14th. This represents a $0.41 dividend on an annualized basis and a yield of 1.05%. Aramark’s payout ratio is 29.93%.
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Several analysts have recently issued reports on ARMK shares. Zacks Investment Research downgraded Aramark from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. BidaskClub downgraded Aramark from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 7th. Nomura restated a “buy” rating and issued a $45.00 price objective (up from $43.00) on shares of Aramark in a research report on Wednesday, August 9th. Morgan Stanley upped their price objective on Aramark from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Thursday, August 10th. Finally, Deutsche Bank AG upped their price objective on Aramark from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, May 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Aramark has a consensus rating of “Buy” and an average price target of $43.00.
In other Aramark news, EVP Lynn Mckee sold 100,000 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $38.61, for a total transaction of $3,861,000.00. Following the transaction, the executive vice president now directly owns 304,736 shares in the company, valued at $11,765,856.96. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Brian P. Pressler sold 10,629 shares of the firm’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $40.80, for a total value of $433,663.20. Following the transaction, the senior vice president now owns 14,285 shares in the company, valued at $582,828. The disclosure for this sale can be found here. In the last three months, insiders have sold 143,629 shares of company stock valued at $5,618,413. Insiders own 2.90% of the company’s stock.
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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