Aramark (ARMK) Shares Sold by Royal Bank of Canada

Royal Bank of Canada lowered its stake in shares of Aramark (NYSE:ARMK) by 8.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 667,511 shares of the company’s stock after selling 65,322 shares during the quarter. Royal Bank of Canada owned approximately 0.27% of Aramark worth $27,354,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. FNY Managed Accounts LLC bought a new stake in Aramark during the 1st quarter worth about $110,000. Simplex Trading LLC bought a new stake in Aramark during the 2nd quarter worth about $127,000. Acrospire Investment Management LLC grew its holdings in Aramark by 98.5% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,628 shares of the company’s stock worth $149,000 after acquiring an additional 1,800 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Aramark by 3.3% during the 1st quarter. Pacer Advisors Inc. now owns 4,497 shares of the company’s stock worth $166,000 after acquiring an additional 143 shares during the last quarter. Finally, Parametrica Management Ltd bought a new stake in Aramark during the 2nd quarter worth about $202,000. 94.84% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Aramark (NYSE ARMK) opened at 41.18 on Monday. Aramark has a 12 month low of $32.73 and a 12 month high of $41.72. The company has a 50 day moving average of $40.45 and a 200-day moving average of $38.99. The firm has a market capitalization of $10.09 billion, a P/E ratio of 29.84 and a beta of 0.47.

Aramark (NYSE:ARMK) last announced its earnings results on Tuesday, August 8th. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.05. Aramark had a return on equity of 19.29% and a net margin of 2.37%. The business had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same period in the prior year, the business posted $0.34 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. Analysts predict that Aramark will post $1.96 EPS for the current year.

A number of brokerages have commented on ARMK. Royal Bank Of Canada reissued a “buy” rating on shares of Aramark in a report on Thursday. BidaskClub raised shares of Aramark from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 28th. Barclays PLC raised their target price on shares of Aramark from $37.00 to $39.00 and gave the company an “equal weight” rating in a research note on Friday, June 23rd. Nomura reaffirmed a “buy” rating and issued a $45.00 target price (up previously from $43.00) on shares of Aramark in a research note on Wednesday, August 9th. Finally, Zacks Investment Research lowered shares of Aramark from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Aramark currently has a consensus rating of “Buy” and an average price target of $43.00.

ILLEGAL ACTIVITY WARNING: This article was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another website, it was illegally stolen and reposted in violation of international trademark & copyright laws. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/09/aramark-armk-shares-sold-by-royal-bank-of-canada.html.

Aramark Profile

Aramark is a global provider of food, facilities and uniform services to education, healthcare, business and industry, and sports, leisure

Other large investors also recently modified their holdings of the company. FNY Managed Accounts LLC bought a new stake in Aramark during the 1st quarter worth about $110,000. Simplex Trading LLC bought a new stake in Aramark during the 2nd quarter worth about $127,000. Acrospire Investment Management LLC grew its holdings in Aramark by 98.5% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,628 shares of the company’s stock worth $149,000 after acquiring an additional 1,800 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Aramark by 3.3% during the 1st quarter. Pacer Advisors Inc. now owns 4,497 shares of the company’s stock worth $166,000 after acquiring an additional 143 shares during the last quarter. Finally, Parametrica Management Ltd bought a new stake in Aramark during the 2nd quarter worth about $202,000. 94.84% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Aramark (NYSE ARMK) opened at 41.18 on Monday. Aramark has a 12 month low of $32.73 and a 12 month high of $41.72. The company has a 50 day moving average of $40.45 and a 200-day moving average of $38.99. The firm has a market capitalization of $10.09 billion, a P/E ratio of 29.84 and a beta of 0.47.

Aramark (NYSE:ARMK) last announced its earnings results on Tuesday, August 8th. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.05. Aramark had a return on equity of 19.29% and a net margin of 2.37%. The business had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same period in the prior year, the business posted $0.34 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. Analysts predict that Aramark will post $1.96 EPS for the current year.

A number of brokerages have commented on ARMK. Royal Bank Of Canada reissued a “buy” rating on shares of Aramark in a report on Thursday. BidaskClub raised shares of Aramark from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 28th. Barclays PLC raised their target price on shares of Aramark from $37.00 to $39.00 and gave the company an “equal weight” rating in a research note on Friday, June 23rd. Nomura reaffirmed a “buy” rating and issued a $45.00 target price (up previously from $43.00) on shares of Aramark in a research note on Wednesday, August 9th. Finally, Zacks Investment Research lowered shares of Aramark from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Aramark currently has a consensus rating of “Buy” and an average price target of $43.00.

ILLEGAL ACTIVITY WARNING: This article was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another website, it was illegally stolen and reposted in violation of international trademark & copyright laws. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/09/aramark-armk-shares-sold-by-royal-bank-of-canada.html.

Aramark 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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Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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