Exane Derivatives Takes Position in Aramark (ARMK)

Exane Derivatives bought a new position in shares of Aramark (NYSE:ARMK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 55,248 shares of the company’s stock, valued at approximately $2,264,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Comerica Bank purchased a new stake in shares of Aramark during the fourth quarter valued at approximately $408,000. Dimensional Fund Advisors LP increased its stake in shares of Aramark by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,208,565 shares of the company’s stock valued at $43,172,000 after buying an additional 24,748 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Aramark by 17.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 569,559 shares of the company’s stock valued at $20,344,000 after buying an additional 86,342 shares in the last quarter. Highbridge Capital Management LLC bought a new position in Aramark during the fourth quarter valued at $17,579,000. Finally, Macquarie Group Ltd. raised its position in Aramark by 26.4% in the fourth quarter. Macquarie Group Ltd. now owns 145,608 shares of the company’s stock valued at $5,201,000 after buying an additional 30,424 shares during the last quarter. Institutional investors own 95.94% of the company’s stock.

Shares of Aramark (ARMK) opened at 39.35 on Friday. The stock has a market capitalization of $9.64 billion, a P/E ratio of 28.51 and a beta of 0.48. Aramark has a 52 week low of $32.73 and a 52 week high of $41.72. The company has a 50-day moving average of $40.33 and a 200-day moving average of $37.63.

Aramark (NYSE:ARMK) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.05. The firm had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.61 billion. Aramark had a return on equity of 19.29% and a net margin of 2.37%. The business’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 earnings per share. On average, analysts anticipate that Aramark will post $1.96 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Wednesday, August 16th will be paid a $0.103 dividend. This represents a $0.41 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Monday, August 14th. Aramark’s dividend payout ratio is presently 29.93%.

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Several equities analysts recently weighed in on ARMK shares. BidaskClub upgraded shares of Aramark from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Zacks Investment Research upgraded shares of Aramark from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Friday, May 12th. Deutsche Bank AG increased their target price on shares of Aramark from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, May 10th. Nomura reiterated a “buy” rating and set a $45.00 target price (up previously from $43.00) on shares of Aramark in a research report on Wednesday. Finally, Morgan Stanley increased their target price on shares of Aramark from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $43.00.

In other Aramark news, EVP Stephen R. Reynolds sold 30,000 shares of the business’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $40.41, for a total transaction of $1,212,300.00. Following the transaction, the executive vice president now owns 62,460 shares of the company’s stock, valued at $2,524,008.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Brian P. Pressler sold 10,629 shares of the business’s stock in a transaction on Friday, June 16th. The stock was sold at an average price of $40.80, for a total value of $433,663.20. Following the transaction, the senior vice president now directly owns 14,285 shares in the company, valued at approximately $582,828. The disclosure for this sale can be found here. Insiders sold 143,629 shares of company stock worth $5,618,413 over the last ninety days. Corporate insiders own 2.90% of the company’s stock.

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).

Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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