C WorldWide Group Holding A S Buys Shares of 41,600 Aramark (NYSE:ARMK)
C WorldWide Group Holding A S bought a new position in Aramark (NYSE:ARMK) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 41,600 shares of the company’s stock, valued at approximately $1,704,000.
A number of other large investors have also recently added to or reduced their stakes in ARMK. Israel Discount Bank of New York purchased a new stake in Aramark during the first quarter worth approximately $103,000. FNY Managed Accounts LLC purchased a new stake in Aramark during the first quarter worth approximately $110,000. Simplex Trading LLC purchased a new stake in Aramark during the second quarter worth approximately $127,000. Pacer Advisors Inc. boosted its stake in Aramark by 3.3% in the first quarter. Pacer Advisors Inc. now owns 4,497 shares of the company’s stock worth $166,000 after buying an additional 143 shares during the last quarter. Finally, Parametrica Management Ltd purchased a new stake in Aramark during the second quarter worth approximately $202,000. Institutional investors own 95.94% of the company’s stock.
Shares of Aramark (NYSE:ARMK) opened at 39.35 on Friday. The stock’s 50 day moving average is $40.33 and its 200 day moving average is $37.63. Aramark has a 52-week low of $32.73 and a 52-week high of $41.72. The company has a market cap of $9.64 billion, a PE ratio of 28.51 and a beta of 0.48.
Aramark (NYSE:ARMK) last announced its earnings results on Tuesday, August 8th. The company reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.05. The business had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.61 billion. Aramark had a return on equity of 19.29% and a net margin of 2.37%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 EPS. Equities analysts forecast that Aramark will post $1.96 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Wednesday, August 16th will be paid a dividend of $0.103 per share. This represents a $0.41 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Monday, August 14th. Aramark’s payout ratio is 29.93%.
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A number of equities research analysts have commented on the stock. BidaskClub cut shares of Aramark from a “sell” rating to a “strong sell” rating in a research note on Saturday. Nomura restated a “buy” rating and set a $45.00 target price (up previously from $43.00) on shares of Aramark in a research note on Wednesday. Morgan Stanley raised their target price on shares of Aramark from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Thursday. Zacks Investment Research cut shares of Aramark from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. Finally, Barclays PLC lifted their price objective on shares of Aramark from $37.00 to $39.00 and gave the company an “equal weight” rating in a research report on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $43.00.
In other news, VP James J. Tarangelo sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $37.15, for a total transaction of $111,450.00. Following the completion of the transaction, the vice president now directly owns 2,871 shares of the company’s stock, valued at approximately $106,657.65. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Brian P. Pressler sold 10,629 shares of the company’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $40.80, for a total value of $433,663.20. Following the transaction, the senior vice president now directly owns 14,285 shares of the company’s stock, valued at $582,828. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 143,629 shares of company stock valued at $5,618,413. Corporate insiders own 2.90% of the company’s stock.
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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