Sterling Capital Management LLC Sells 2,190 Shares of Aramark (ARMK)
Sterling Capital Management LLC trimmed its position in shares of Aramark (NYSE:ARMK) by 1.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,919 shares of the company’s stock after selling 2,190 shares during the quarter. Sterling Capital Management LLC’s holdings in Aramark were worth $4,750,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Atlanta Capital Management Co. L L C increased its holdings in shares of Aramark by 25.2% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 9,931,393 shares of the company’s stock valued at $406,989,000 after purchasing an additional 1,997,607 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Aramark by 4.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 35,820 shares of the company’s stock valued at $1,468,000 after purchasing an additional 1,439 shares in the last quarter. 361 Capital LLC purchased a new position in shares of Aramark during the 2nd quarter valued at approximately $2,822,000. The Manufacturers Life Insurance Company increased its holdings in shares of Aramark by 218.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 75,478 shares of the company’s stock valued at $3,094,000 after purchasing an additional 51,763 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new position in shares of Aramark during the 2nd quarter valued at approximately $2,957,000. 94.84% of the stock is owned by hedge funds and other institutional investors.
Aramark (NYSE:ARMK) traded up 0.38% during midday trading on Friday, reaching $42.33. 1,023,961 shares of the company were exchanged. The company has a 50 day moving average of $40.83 and a 200-day moving average of $39.20. Aramark has a 52-week low of $32.73 and a 52-week high of $42.52. The company has a market capitalization of $10.38 billion, a price-to-earnings ratio of 30.67 and a beta of 0.47.
Aramark (NYSE:ARMK) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.05. The firm had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Aramark had a return on equity of 19.29% and a net margin of 2.37%. Aramark’s revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.34 earnings per share. On average, equities research analysts anticipate that Aramark will post $1.96 earnings per share for the current fiscal year.
A number of equities research analysts recently issued reports on ARMK shares. Barclays PLC lifted their price target 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. BidaskClub raised shares of Aramark from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 28th. Morgan Stanley lifted their price target on shares of Aramark from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Thursday, August 10th. Nomura reissued a “buy” rating and issued a $45.00 price target (up previously from $43.00) on shares of Aramark in a research note on Wednesday, August 9th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Aramark in a research note on Thursday, October 5th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $43.00.
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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