BARING ASSET MANAGEMENT Ltd Purchases Shares of 39,135 Aramark (ARMK)

BARING ASSET MANAGEMENT Ltd purchased a new stake in shares of Aramark (NYSE:ARMK) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 39,135 shares of the company’s stock, valued at approximately $1,589,000.

A number of other large investors have also made changes to their positions in ARMK. Janus Henderson Group PLC increased its holdings in Aramark by 13,882.8% during the 2nd quarter. Janus Henderson Group PLC now owns 2,833,624 shares of the company’s stock valued at $116,122,000 after purchasing an additional 2,813,359 shares during the period. Atlanta Capital Management Co. L L C increased its holdings in Aramark by 25.2% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 9,931,393 shares of the company’s stock valued at $406,989,000 after purchasing an additional 1,997,607 shares during the period. Principal Financial Group Inc. increased its holdings in Aramark by 1,987.5% during the 2nd quarter. Principal Financial Group Inc. now owns 737,730 shares of the company’s stock valued at $30,232,000 after purchasing an additional 702,390 shares during the period. Lord Abbett & CO. LLC increased its holdings in Aramark by 58.8% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,804,100 shares of the company’s stock valued at $73,932,000 after purchasing an additional 668,047 shares during the period. Finally, Rothschild Asset Management Inc. increased its holdings in Aramark by 4,199.6% during the 2nd quarter. Rothschild Asset Management Inc. now owns 614,670 shares of the company’s stock valued at $25,189,000 after purchasing an additional 600,374 shares during the period. Institutional investors own 94.43% of the company’s stock.

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Aramark (NYSE:ARMK) traded up 0.05% during mid-day trading on Tuesday, reaching $43.48. The company’s stock had a trading volume of 62,160 shares. The firm’s 50 day moving average is $41.61 and its 200-day moving average is $39.73. The stock has a market cap of $10.66 billion, a P/E ratio of 31.51 and a beta of 0.47. Aramark has a one year low of $32.73 and a one year high of $43.81.

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

A number of research analysts recently issued reports on ARMK shares. BidaskClub downgraded Aramark from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Royal Bank Of Canada boosted their price target on Aramark from $44.00 to $47.00 and gave the company an “outperform” rating in a report on Tuesday, October 17th. Nomura restated a “buy” rating and set a $45.00 price target (up previously from $43.00) on shares of Aramark in a report on Wednesday, August 9th. Morgan Stanley boosted their price target on Aramark from $39.00 to $40.00 and gave the company an “equal weight” rating in a report on Thursday, August 10th. Finally, Zacks Investment Research downgraded Aramark from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $45.17.

Aramark 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).

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Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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