HighPoint Advisor Group LLC Has $591,000 Position in Aramark (ARMK)

HighPoint Advisor Group LLC maintained its stake in shares of Aramark (NYSE:ARMK) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,810 shares of the company’s stock at the end of the 2nd quarter. HighPoint Advisor Group LLC’s holdings in Aramark were worth $591,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FNY Managed Accounts LLC purchased a new stake in shares of Aramark during the first quarter valued at $110,000. Simplex Trading LLC purchased a new stake in shares of Aramark during the second quarter valued at $127,000. Acrospire Investment Management LLC lifted its holdings in shares of Aramark by 98.5% during the second quarter. Acrospire Investment Management LLC now owns 3,628 shares of the company’s stock valued at $149,000 after purchasing an additional 1,800 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Aramark by 3.3% during the first quarter. Pacer Advisors Inc. now owns 4,497 shares of the company’s stock valued at $166,000 after purchasing an additional 143 shares during the last quarter. Finally, Parametrica Management Ltd purchased a new stake in shares of Aramark during the second quarter valued at $202,000. 94.84% of the stock is owned by institutional investors and hedge funds.

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Shares of Aramark (NYSE:ARMK) traded up 0.62% during midday trading on Friday, reaching $42.43. The company had a trading volume of 288,233 shares. The company’s 50-day moving average is $40.73 and its 200-day moving average is $39.14. The firm has a market cap of $10.40 billion, a P/E ratio of 30.75 and a beta of 0.47. Aramark has a 52-week low of $32.73 and a 52-week high of $42.52.

Aramark (NYSE:ARMK) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The company 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 company’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 earnings per share. Equities research analysts expect that Aramark will post $1.96 EPS for the current fiscal year.

Several equities research analysts have recently commented on the company. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Aramark in a report on Thursday, October 5th. BidaskClub raised Aramark from a “sell” rating to a “hold” rating in a report on Saturday, September 23rd. Morgan Stanley upped their target price on Aramark from $39.00 to $40.00 and gave the company an “equal weight” rating in a report on Thursday, August 10th. Nomura reissued a “buy” rating and issued a $45.00 price objective (up from $43.00) on shares of Aramark in a research note on Wednesday, August 9th. Finally, Zacks Investment Research downgraded Aramark from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $43.00.

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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