Swiss National Bank reduced its stake in shares of Aramark (NYSE:ARMK) by 6.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,810,700 shares of the company’s stock after selling 127,000 shares during the quarter. Swiss National Bank owned approximately 0.73% of Aramark worth $77,896,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. IFP Advisors Inc increased its position in Aramark by 985.5% during the 3rd quarter. IFP Advisors Inc now owns 2,399 shares of the company’s stock valued at $103,000 after purchasing an additional 2,178 shares during the period. Squar Milner Financial Services LLC purchased a new position in Aramark during the 2nd quarter valued at $105,000. Point72 Hong Kong Ltd purchased a new position in Aramark during the 2nd quarter valued at $161,000. Fuller & Thaler Asset Management Inc. increased its position in Aramark by 49.0% during the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 5,140 shares of the company’s stock valued at $191,000 after purchasing an additional 1,690 shares during the period. Finally, D.A. Davidson & CO. purchased a new position in Aramark during the 2nd quarter valued at $241,000.

In related news, EVP Stephen R. Reynolds sold 15,000 shares of the stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $41.33, for a total transaction of $619,950.00. Following the sale, the executive vice president now directly owns 47,058 shares of the company’s stock, valued at approximately $1,944,907.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.30% of the company’s stock.

A number of analysts have recently weighed in on ARMK shares. Nomura reduced their target price on shares of Aramark from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Thursday. Zacks Investment Research downgraded shares of Aramark from a “hold” rating to a “sell” rating in a research report on Tuesday, November 13th. Robert W. Baird downgraded shares of Aramark from an “outperform” rating to a “neutral” rating and set a $37.00 target price on the stock. in a research report on Wednesday, August 8th. ValuEngine downgraded shares of Aramark from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. Finally, Barclays reduced their target price on shares of Aramark from $47.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 24th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $47.60.

Shares of ARMK stock opened at $36.89 on Monday. Aramark has a one year low of $33.98 and a one year high of $46.09. The stock has a market cap of $9.09 billion, a P/E ratio of 18.54, a PEG ratio of 1.27 and a beta of 0.88. The company has a current ratio of 1.36, a quick ratio of 1.03 and a debt-to-equity ratio of 2.74.

Aramark (NYSE:ARMK) last announced its quarterly earnings data on Tuesday, November 13th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.03. Aramark had a net margin of 3.60% and a return on equity of 18.15%. The company had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.96 billion. During the same period in the prior year, the firm posted $0.54 EPS. Aramark’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, analysts forecast that Aramark will post 2.37 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Monday, November 26th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.19%. This is an increase from Aramark’s previous quarterly dividend of $0.11. The ex-dividend date is Friday, November 23rd. Aramark’s dividend payout ratio is 21.11%.

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Aramark Company Profile

Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in North America and internationally. The company operates through three segments: Food and Support Services North America, Food and Support Services International, Uniform and Career Apparel.

See Also: What are Institutional Investors?

Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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