Penserra Capital Management LLC Buys Shares of 5,754 Aramark $ARMK

Penserra Capital Management LLC purchased a new position in shares of Aramark (NYSE:ARMK) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 5,754 shares of the company’s stock, valued at approximately $240,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fiduciary Management Inc. WI boosted its position in Aramark by 13.8% during the first quarter. Fiduciary Management Inc. WI now owns 13,037,630 shares of the company’s stock worth $450,059,000 after purchasing an additional 1,582,890 shares during the period. Junto Capital Management LP purchased a new stake in shares of Aramark during the 1st quarter valued at approximately $46,499,000. Nuveen LLC bought a new position in Aramark in the 1st quarter worth approximately $37,476,000. Egerton Capital UK LLP grew its stake in Aramark by 79.0% in the 1st quarter. Egerton Capital UK LLP now owns 2,075,126 shares of the company’s stock valued at $71,633,000 after buying an additional 916,054 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Aramark by 16.3% during the first quarter. Dimensional Fund Advisors LP now owns 5,762,907 shares of the company’s stock worth $198,922,000 after acquiring an additional 809,792 shares in the last quarter.

Analyst Ratings Changes

A number of research firms recently issued reports on ARMK. Weiss Ratings reiterated a “hold (c+)” rating on shares of Aramark in a research note on Tuesday, October 14th. Baird R W upgraded shares of Aramark from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 6th. UBS Group dropped their price objective on Aramark from $46.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, October 1st. Wall Street Zen lowered Aramark from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Robert W. Baird upgraded Aramark from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $43.00 to $47.00 in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.20.

Aramark Stock Up 1.2%

ARMK opened at $38.50 on Thursday. The business’s fifty day simple moving average is $38.56 and its 200 day simple moving average is $39.63. Aramark has a 52 week low of $29.92 and a 52 week high of $44.49. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 2.03. The stock has a market cap of $10.12 billion, a PE ratio of 28.51 and a beta of 1.24.

About Aramark

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.