Prudential Financial Inc. lowered its position in shares of Aramark (NYSE:ARMK) by 72.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,740 shares of the company’s stock after selling 38,950 shares during the quarter. Prudential Financial Inc.’s holdings in Aramark were worth $599,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Toronto Dominion Bank increased its position in shares of Aramark by 19.0% in the second quarter. Toronto Dominion Bank now owns 3,027 shares of the company’s stock worth $124,000 after purchasing an additional 483 shares during the period. Acrospire Investment Management LLC increased its position in shares of Aramark by 98.5% in the second quarter. Acrospire Investment Management LLC now owns 3,628 shares of the company’s stock worth $149,000 after purchasing an additional 1,800 shares during the period. Pacer Advisors Inc. increased its position in shares of Aramark by 8.3% in the second quarter. Pacer Advisors Inc. now owns 4,871 shares of the company’s stock worth $200,000 after purchasing an additional 374 shares during the period. Crossmark Global Holdings Inc. bought a new position in shares of Aramark in the third quarter worth $206,000. Finally, HighTower Advisors LLC bought a new position in shares of Aramark in the second quarter worth $208,000. 95.68% of the stock is owned by institutional investors.

In other Aramark news, Director Sanjeev K. Mehra bought 19,640 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were purchased at an average price of $40.75 per share, for a total transaction of $800,330.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.90% of the company’s stock.

A number of research analysts recently commented on ARMK shares. BidaskClub upgraded Aramark from a “sell” rating to a “hold” rating in a research report on Saturday, September 23rd. Royal Bank Of Canada restated a “buy” rating on shares of Aramark in a research report on Thursday, October 5th. Nomura lifted their target price on Aramark from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Tuesday, October 17th. Zacks Investment Research cut Aramark from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 18th. Finally, Barclays reiterated a “hold” rating and issued a $45.00 target price on shares of Aramark in a research report on Thursday, October 19th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $44.83.

Aramark (NYSE:ARMK) opened at $42.69 on Monday. Aramark has a 12-month low of $32.87 and a 12-month high of $44.12. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.12 and a quick ratio of 0.86. The stock has a market capitalization of $10,460.71, a PE ratio of 24.12, a price-to-earnings-growth ratio of 1.81 and a beta of 0.47.

Aramark (NYSE:ARMK) last released its earnings results on Tuesday, November 14th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.02. Aramark had a return on equity of 19.29% and a net margin of 2.56%. The firm had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.70 billion. During the same quarter in the previous year, the business posted $0.49 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. equities research analysts forecast that Aramark will post 1.96 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 7th. Shareholders of record on Monday, November 27th were given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend was Friday, November 24th. This is a boost from Aramark’s previous quarterly dividend of $0.10. Aramark’s payout ratio is currently 28.19%.

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About Aramark

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).

Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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