The Manufacturers Life Insurance Company boosted its position in Aramark (NYSE:ARMK) by 218.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,478 shares of the company’s stock after acquiring an additional 51,763 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Aramark were worth $3,094,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Simplex Trading LLC bought a new position in Aramark in the second quarter valued at $127,000. Acrospire Investment Management LLC grew its stake in shares of Aramark by 98.5% during the second quarter. Acrospire Investment Management LLC now owns 3,628 shares of the company’s stock valued at $149,000 after buying an additional 1,800 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Aramark by 8.3% during the second quarter. Pacer Advisors Inc. now owns 4,871 shares of the company’s stock valued at $200,000 after buying an additional 374 shares during the last quarter. Parametrica Management Ltd bought a new position in shares of Aramark during the second quarter valued at about $202,000. Finally, Capstone Asset Management Co. bought a new position in shares of Aramark during the second quarter valued at about $208,000. 93.75% of the stock is currently owned by institutional investors and hedge funds.
ARMK has been the topic of a number of recent research reports. BidaskClub raised Aramark from a “hold” rating to a “buy” rating in a research note on Wednesday, October 18th. Nomura raised their target price on Aramark from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Tuesday, October 17th. Royal Bank Of Canada reissued a “buy” rating on shares of Aramark in a research note on Thursday, October 5th. Morgan Stanley raised their target price on Aramark from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 10th. Finally, Barclays PLC reissued a “hold” rating and issued a $45.00 target price on shares of Aramark in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $45.17.
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Aramark (NYSE:ARMK) opened at $42.68 on Monday. Aramark has a 1-year low of $32.73 and a 1-year high of $44.12. The stock has a market cap of $10,461.09, a P/E ratio of 24.67, a PEG ratio of 1.77 and a beta of 0.50. The company has a current ratio of 1.30, a quick ratio of 1.00 and a debt-to-equity ratio of 2.34.
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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