Frontier Capital Management Co. LLC cut its stake in shares of Aramark (NYSE:ARMK) by 25.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,588,481 shares of the company’s stock after selling 878,063 shares during the quarter. Frontier Capital Management Co. LLC owned 1.05% of Aramark worth $110,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in ARMK. Comerica Bank lifted its holdings in shares of Aramark by 6.7% in the 2nd quarter. Comerica Bank now owns 23,430 shares of the company’s stock worth $949,000 after acquiring an additional 1,478 shares during the last quarter. Alliancebernstein L.P. raised its holdings in Aramark by 1.1% during the 2nd quarter. Alliancebernstein L.P. now owns 163,212 shares of the company’s stock valued at $6,688,000 after buying an additional 1,740 shares during the last quarter. BlackRock Inc. raised its holdings in Aramark by 1.4% during the 2nd quarter. BlackRock Inc. now owns 12,627,800 shares of the company’s stock valued at $517,486,000 after buying an additional 174,494 shares during the last quarter. Amalgamated Bank raised its holdings in Aramark by 27.3% during the 2nd quarter. Amalgamated Bank now owns 44,616 shares of the company’s stock valued at $1,828,000 after buying an additional 9,558 shares during the last quarter. Finally, Profund Advisors LLC bought a new stake in Aramark during the 2nd quarter valued at $219,000. Institutional investors and hedge funds own 95.40% of the company’s stock.
A number of research firms recently commented on ARMK. BidaskClub upgraded shares of Aramark from a “sell” rating to a “hold” rating in a report on Saturday, September 23rd. Barclays reiterated a “hold” rating and set a $45.00 price target on shares of Aramark in a report on Thursday, October 19th. Nomura upped their price target on shares of Aramark from $45.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday, October 17th. Royal Bank of Canada upped their price target on shares of Aramark from $44.00 to $47.00 and gave the company an “outperform” rating in a report on Tuesday, October 17th. Finally, Zacks Investment Research lowered shares of Aramark from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 18th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $45.86.
Shares of Aramark (NYSE ARMK) traded up $0.62 during trading on Thursday, reaching $44.62. 1,153,800 shares of the company’s stock were exchanged, compared to its average volume of 1,210,091. The company has a current ratio of 1.12, a quick ratio of 0.86 and a debt-to-equity ratio of 2.11. The stock has a market cap of $10,805.78, a P/E ratio of 29.95, a P/E/G ratio of 1.87 and a beta of 0.47. Aramark has a fifty-two week low of $32.87 and a fifty-two week high of $44.62.
Aramark (NYSE:ARMK) last issued its quarterly earnings data 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. The business had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.70 billion. Aramark had a net margin of 2.56% and a return on equity of 19.29%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.49 EPS. sell-side analysts expect that Aramark will post 1.96 EPS for the current fiscal year.
In related news, Director Sanjeev K. Mehra acquired 19,640 shares of Aramark stock in a transaction on Thursday, November 16th. The shares were acquired at an average cost of $40.75 per share, with a total value of $800,330.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.90% of the stock is currently owned by insiders.
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).
Want to see what other hedge funds are holding ARMK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aramark (NYSE:ARMK).
Receive News & Ratings for Aramark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aramark and related companies with MarketBeat.com's FREE daily email newsletter.