Stifel Financial Corp purchased a new stake in shares of Aramark (NYSE:ARMK) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 12,034 shares of the company’s stock, valued at approximately $494,000.
A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Aramark by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 19,876,655 shares of the company’s stock valued at $814,546,000 after purchasing an additional 507,262 shares during the last quarter. FMR LLC boosted its stake in Aramark by 3.3% during the 2nd quarter. FMR LLC now owns 13,215,194 shares of the company’s stock valued at $541,558,000 after purchasing an additional 421,291 shares during the last quarter. BlackRock Inc. boosted its stake in Aramark by 1.4% during the 2nd quarter. BlackRock Inc. now owns 12,627,800 shares of the company’s stock valued at $517,486,000 after purchasing an additional 174,494 shares during the last quarter. State Street Corp boosted its stake in Aramark by 2.6% during the 1st quarter. State Street Corp now owns 4,447,472 shares of the company’s stock valued at $163,979,000 after purchasing an additional 114,577 shares during the last quarter. Finally, Schroder Investment Management Group boosted its stake in Aramark by 0.5% during the 2nd quarter. Schroder Investment Management Group now owns 3,865,518 shares of the company’s stock valued at $157,288,000 after purchasing an additional 17,702 shares during the last quarter. Institutional investors and hedge funds own 94.43% of the company’s stock.
Aramark (NYSE:ARMK) opened at 43.46 on Tuesday. The stock has a 50 day moving average price of $41.61 and a 200-day moving average price of $39.73. The stock has a market cap of $10.65 billion, a P/E ratio of 31.49 and a beta of 0.47. Aramark has a 52 week low of $32.73 and a 52 week high of $43.81.
Aramark (NYSE:ARMK) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.05. Aramark had a net margin of 2.37% and a return on equity of 19.29%. The firm had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter in the prior year, the company posted $0.34 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities analysts anticipate that Aramark will post $1.96 EPS for the current fiscal year.
A number of equities analysts have issued reports on the company. BidaskClub upgraded Aramark from a “hold” rating to a “buy” rating in a research note on Wednesday, October 18th. Nomura lifted their price target on Aramark from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, October 17th. Barclays PLC reiterated a “hold” rating and set a $45.00 price target on shares of Aramark in a research note on Thursday, October 19th. Zacks Investment Research downgraded Aramark from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Aramark in a research note on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Aramark has an average rating of “Buy” and an average target price of $45.17.
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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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