Levin Capital Strategies L.P. Acquires 5,000 Shares of Aramark $ARMK

Levin Capital Strategies L.P. boosted its holdings in Aramark (NYSE:ARMK) by 42.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,800 shares of the company’s stock after acquiring an additional 5,000 shares during the quarter. Levin Capital Strategies L.P.’s holdings in Aramark were worth $703,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA increased its stake in Aramark by 29.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 17,605,896 shares of the company’s stock valued at $607,756,000 after acquiring an additional 4,012,162 shares during the period. Fiduciary Management Inc. WI increased its stake in Aramark by 13.8% in the first quarter. Fiduciary Management Inc. WI now owns 13,037,630 shares of the company’s stock valued at $450,059,000 after acquiring an additional 1,582,890 shares during the period. Dimensional Fund Advisors LP increased its stake in Aramark by 16.3% in the first quarter. Dimensional Fund Advisors LP now owns 5,762,907 shares of the company’s stock valued at $198,922,000 after acquiring an additional 809,792 shares during the period. PointState Capital LP increased its stake in Aramark by 9.9% in the first quarter. PointState Capital LP now owns 2,956,147 shares of the company’s stock valued at $102,046,000 after acquiring an additional 265,530 shares during the period. Finally, Egerton Capital UK LLP increased its stake in Aramark by 79.0% in the first quarter. Egerton Capital UK LLP now owns 2,075,126 shares of the company’s stock valued at $71,633,000 after acquiring an additional 916,054 shares during the period.

Aramark Price Performance

ARMK opened at $37.59 on Tuesday. Aramark has a one year low of $29.92 and a one year high of $44.49. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.29 and a quick ratio of 1.14. The company’s 50 day simple moving average is $38.74 and its 200-day simple moving average is $39.42. The stock has a market capitalization of $9.88 billion, a P/E ratio of 27.84 and a beta of 1.21.

Aramark (NYSE:ARMK) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. Aramark had a net margin of 2.02% and a return on equity of 15.67%. The business had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.66 billion. During the same period in the prior year, the firm earned $0.31 earnings per share. Aramark’s revenue was up 5.7% compared to the same quarter last year. Sell-side analysts anticipate that Aramark will post 1.92 earnings per share for the current fiscal year.

Analyst Ratings Changes

ARMK has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Aramark in a research note on Tuesday, October 14th. Baird R W raised shares of Aramark from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. Wall Street Zen downgraded Aramark from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Robert W. Baird upgraded Aramark from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $43.00 to $47.00 in a research report on Wednesday, August 6th. Finally, UBS Group cut their price objective on Aramark from $46.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Aramark has an average rating of “Moderate Buy” and a consensus target price of $45.88.

Aramark Profile

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.