Commonwealth Bank of Australia increased its stake in Aramark (NYSE:ARMK) by 7.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 34,674 shares of the company’s stock after buying an additional 2,305 shares during the quarter. Commonwealth Bank of Australia’s holdings in Aramark were worth $999,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Endurance Wealth Management Inc. boosted its stake in Aramark by 0.9% during the 4th quarter. Endurance Wealth Management Inc. now owns 38,320 shares of the company’s stock valued at $1,110,000 after purchasing an additional 325 shares during the last quarter. First Hawaiian Bank boosted its stake in Aramark by 48.3% during the 4th quarter. First Hawaiian Bank now owns 1,366 shares of the company’s stock valued at $40,000 after purchasing an additional 445 shares during the last quarter. D.A. Davidson & CO. boosted its stake in Aramark by 7.6% during the 4th quarter. D.A. Davidson & CO. now owns 6,984 shares of the company’s stock valued at $202,000 after purchasing an additional 496 shares during the last quarter. IFM Investors Pty Ltd boosted its stake in Aramark by 5.9% during the 4th quarter. IFM Investors Pty Ltd now owns 14,839 shares of the company’s stock valued at $430,000 after purchasing an additional 831 shares during the last quarter. Finally, Meiji Yasuda Life Insurance Co boosted its stake in Aramark by 1.3% during the 4th quarter. Meiji Yasuda Life Insurance Co now owns 74,925 shares of the company’s stock valued at $2,171,000 after purchasing an additional 955 shares during the last quarter.

Several analysts have commented on the company. Zacks Investment Research downgraded Aramark from a “hold” rating to a “sell” rating in a research note on Thursday, November 29th. ValuEngine upgraded Aramark from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st. Stifel Nicolaus reiterated a “buy” rating and set a $47.00 target price on shares of Aramark in a research note on Sunday, November 18th. Royal Bank of Canada assumed coverage on Aramark in a research note on Monday, November 19th. They set an “outperform” rating and a $47.00 target price on the stock. Finally, Credit Suisse Group cut their target price on Aramark from $53.00 to $44.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $41.67.

NYSE ARMK opened at $29.87 on Friday. The firm has a market cap of $7.36 billion, a PE ratio of 15.01, a PEG ratio of 1.41 and a beta of 1.10. The company has a current ratio of 1.21, a quick ratio of 1.04 and a debt-to-equity ratio of 2.28. Aramark has a 1-year low of $27.37 and a 1-year high of $43.70.

Aramark (NYSE:ARMK) last released its quarterly earnings results on Tuesday, February 5th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.08. The firm had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.19 billion. Aramark had a return on equity of 17.81% and a net margin of 3.27%. The company’s revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 EPS. As a group, analysts forecast that Aramark will post 2.12 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, February 28th. Stockholders of record on Thursday, February 14th were issued a dividend of $0.11 per share. The ex-dividend date was Wednesday, February 13th. This represents a $0.44 annualized dividend and a dividend yield of 1.47%. Aramark’s payout ratio is 22.11%.

In other news, EVP Lynn Mckee sold 43,915 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $29.58, for a total transaction of $1,299,005.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Stephen P. Bramlage, Jr. purchased 3,195 shares of the stock in a transaction dated Thursday, February 14th. The shares were purchased at an average cost of $31.26 per share, for a total transaction of $99,875.70. The disclosure for this purchase can be found here. 3.50% of the stock is owned by corporate insiders.

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Aramark Profile

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

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Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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