Aramark (ARMK) Stake Lifted by Aberdeen Asset Management PLC UK
Aberdeen Asset Management PLC UK lifted its holdings in Aramark (NYSE:ARMK) by 125.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,190 shares of the company’s stock after acquiring an additional 25,150 shares during the quarter. Aberdeen Asset Management PLC UK’s holdings in Aramark were worth $1,852,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in ARMK. Russell Investments Group Ltd. boosted its holdings in shares of Aramark by 12.6% in the 1st quarter. Russell Investments Group Ltd. now owns 103,832 shares of the company’s stock worth $3,829,000 after acquiring an additional 11,651 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Aramark by 0.6% in the 1st quarter. US Bancorp DE now owns 6,417 shares of the company’s stock worth $237,000 after acquiring an additional 41 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Aramark by 6.3% in the 1st quarter. Bank of New York Mellon Corp now owns 1,296,567 shares of the company’s stock worth $47,805,000 after acquiring an additional 76,760 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of Aramark by 33.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 40,093 shares of the company’s stock worth $1,478,000 after acquiring an additional 10,088 shares in the last quarter. Finally, Comerica Bank boosted its holdings in shares of Aramark by 82.3% in the 1st quarter. Comerica Bank now owns 21,952 shares of the company’s stock worth $804,000 after acquiring an additional 9,908 shares in the last quarter. 94.84% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently commented on ARMK. Barclays PLC boosted their target price on Aramark from $37.00 to $39.00 and gave the stock an “equal weight” rating in a report on Friday, June 23rd. BidaskClub upgraded shares of Aramark from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Morgan Stanley boosted their price objective on shares of Aramark from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. Nomura restated a “buy” rating and issued a $45.00 price objective (up previously from $43.00) on shares of Aramark in a research report on Wednesday, August 9th. Finally, Zacks Investment Research cut shares of Aramark from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Aramark has an average rating of “Buy” and an average target price of $42.86.
Aramark (NYSE ARMK) opened at 40.39 on Tuesday. The company has a 50-day moving average of $40.02 and a 200 day moving average of $38.60. Aramark has a 52-week low of $32.73 and a 52-week high of $41.72. The company has a market cap of $9.90 billion, a PE ratio of 29.27 and a beta of 0.48.
Aramark (NYSE:ARMK) last issued its earnings results on Tuesday, August 8th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Aramark had a net margin of 2.37% and a return on equity of 19.29%. The firm had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter last year, the business posted $0.34 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. Equities research analysts predict that Aramark will post $1.96 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Wednesday, August 16th were given a $0.103 dividend. The ex-dividend date was Monday, August 14th. This represents a $0.41 dividend on an annualized basis and a yield of 1.02%. Aramark’s dividend payout ratio is currently 29.93%.
Aramark Company 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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