Gotham Asset Management LLC Buys 36,283 Shares of Aramark (ARMK)
Gotham Asset Management LLC raised its holdings in shares of Aramark (NYSE:ARMK) by 175.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,999 shares of the company’s stock after purchasing an additional 36,283 shares during the period. Gotham Asset Management LLC’s holdings in Aramark were worth $2,336,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in ARMK. US Bancorp DE raised its position in Aramark by 0.6% during the 1st quarter. US Bancorp DE now owns 6,417 shares of the company’s stock valued at $237,000 after purchasing an additional 41 shares during the last quarter. Comerica Bank raised its position in Aramark by 82.3% during the 1st quarter. Comerica Bank now owns 21,952 shares of the company’s stock valued at $804,000 after purchasing an additional 9,908 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in Aramark by 11.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 635,860 shares of the company’s stock valued at $23,444,000 after purchasing an additional 66,301 shares during the last quarter. Pacer Advisors Inc. raised its position in Aramark by 3.3% during the 1st quarter. Pacer Advisors Inc. now owns 4,497 shares of the company’s stock valued at $166,000 after purchasing an additional 143 shares during the last quarter. Finally, United Services Automobile Association bought a new position in Aramark during the 1st quarter valued at approximately $1,232,000. 94.84% of the stock is owned by institutional investors and hedge funds.
Aramark (ARMK) opened at 42.33 on Friday. The stock has a 50 day moving average price of $40.83 and a 200 day moving average price of $39.20. Aramark has a 12 month low of $32.73 and a 12 month high of $42.52. The company has a market cap of $10.38 billion, a price-to-earnings ratio of 30.67 and a beta of 0.47.
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 Thomson Reuters’ consensus estimate of $0.35 by $0.05. Aramark had a net margin of 2.37% and a return on equity of 19.29%. The firm had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the previous year, the firm posted $0.34 earnings per share. The company’s revenue was up .2% on a year-over-year basis. Analysts anticipate that Aramark will post $1.96 earnings per share for the current fiscal year.
A number of research analysts have commented on the company. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Aramark in a research report on Thursday, October 5th. BidaskClub raised Aramark from a “sell” rating to a “hold” rating in a research report on Saturday, September 23rd. Morgan Stanley upped their price target on Aramark from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Thursday, August 10th. Nomura reaffirmed a “buy” rating and set a $45.00 price target (up previously from $43.00) on shares of Aramark in a research report on Wednesday, August 9th. Finally, Zacks Investment Research lowered Aramark from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $43.00.
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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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