Massachusetts Financial Services Co. MA Buys 1,067,132 Shares of Aramark $ARMK

Massachusetts Financial Services Co. MA grew its position in shares of Aramark (NYSE:ARMK) by 6.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,673,028 shares of the company’s stock after buying an additional 1,067,132 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.07% of Aramark worth $781,840,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of ARMK. Harbour Investments Inc. raised its holdings in Aramark by 40,750.0% during the first quarter. Harbour Investments Inc. now owns 817 shares of the company’s stock worth $28,000 after acquiring an additional 815 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Aramark by 160.7% in the second quarter. Parallel Advisors LLC now owns 1,100 shares of the company’s stock valued at $46,000 after acquiring an additional 678 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Aramark by 241.3% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,116 shares of the company’s stock valued at $47,000 after purchasing an additional 789 shares during the last quarter. Bayforest Capital Ltd bought a new position in Aramark during the second quarter worth $51,000. Finally, Hantz Financial Services Inc. grew its holdings in Aramark by 1,323.1% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,295 shares of the company’s stock worth $54,000 after acquiring an additional 1,204 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts have commented on ARMK shares. Robert W. Baird raised Aramark from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $43.00 to $47.00 in a research note on Wednesday, August 6th. Baird R W upgraded shares of Aramark from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Aramark in a research report on Tuesday, October 14th. Wall Street Zen downgraded shares of Aramark from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Finally, UBS Group lowered their price objective on Aramark from $46.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Aramark currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.20.

Aramark Stock Down 1.2%

Shares of NYSE:ARMK opened at $38.07 on Friday. The stock has a fifty day simple moving average of $38.53 and a two-hundred day simple moving average of $39.66. The stock has a market capitalization of $10.01 billion, a price-to-earnings ratio of 28.20 and a beta of 1.24. Aramark has a 12-month low of $29.92 and a 12-month high of $44.49. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 2.03.

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.