Comgest Global Investors S.A.S. Has $4.67 Million Position in Aramark (ARMK)
Comgest Global Investors S.A.S. lessened its stake in Aramark (NYSE:ARMK) by 13.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 114,900 shares of the company’s stock after selling 17,500 shares during the quarter. Comgest Global Investors S.A.S.’s holdings in Aramark were worth $4,666,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the stock. CAPROCK Group Inc. raised its stake in Aramark by 0.8% in the second quarter. CAPROCK Group Inc. now owns 5,528 shares of the company’s stock valued at $227,000 after purchasing an additional 43 shares in the last quarter. Pitcairn Co. grew its position in Aramark by 3.2% in the second quarter. Pitcairn Co. now owns 8,330 shares of the company’s stock valued at $341,000 after acquiring an additional 255 shares during the last quarter. Pacer Advisors Inc. grew its position in Aramark by 8.3% in the second quarter. Pacer Advisors Inc. now owns 4,871 shares of the company’s stock valued at $200,000 after acquiring an additional 374 shares during the last quarter. Howard Hughes Medical Institute grew its position in Aramark by 0.7% in the second quarter. Howard Hughes Medical Institute now owns 57,423 shares of the company’s stock valued at $2,353,000 after acquiring an additional 382 shares during the last quarter. Finally, Utah Retirement Systems grew its position in Aramark by 0.9% in the second quarter. Utah Retirement Systems now owns 44,500 shares of the company’s stock valued at $1,824,000 after acquiring an additional 400 shares during the last quarter. 93.75% of the stock is owned by institutional investors and hedge funds.
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Aramark (NYSE ARMK) traded down $2.83 during trading hours on Wednesday, hitting $40.02. The stock had a trading volume of 5,946,500 shares, compared to its average volume of 1,389,833. The company has a market capitalization of $10,506.43, a PE ratio of 24.78, a P/E/G ratio of 1.78 and a beta of 0.50. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.00 and a current ratio of 1.30. Aramark has a 52 week low of $32.73 and a 52 week high of $44.12.
Aramark (NYSE:ARMK) last released its quarterly earnings results on Tuesday, November 14th. The company reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.02. The company had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.70 billion. Aramark had a return on equity of 19.29% and a net margin of 2.37%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.49 earnings per share. equities analysts forecast that Aramark will post 1.77 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Monday, November 27th will be issued a dividend of $0.105 per share. This is a boost from Aramark’s previous quarterly dividend of $0.10. This represents a $0.42 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Friday, November 24th. Aramark’s payout ratio is 29.93%.
A number of research analysts have issued reports on ARMK shares. BidaskClub upgraded Aramark from a “hold” rating to a “buy” rating in a research report on Wednesday, October 18th. Nomura lifted their target price on Aramark from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Tuesday, October 17th. Royal Bank Of Canada reiterated a “buy” rating on shares of Aramark in a research report on Thursday, October 5th. Morgan Stanley lifted their target price on Aramark from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Thursday, August 10th. Finally, Barclays PLC reiterated a “hold” rating and issued a $45.00 target price on shares of Aramark in a research report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Aramark presently has a consensus rating of “Buy” and a consensus price target of $44.83.
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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