Boston Financial Mangement LLC Has $5.56 Million Stake in Aramark (ARMK)

Boston Financial Mangement LLC lifted its position in shares of Aramark (NYSE:ARMK) by 4.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 136,865 shares of the company’s stock after purchasing an additional 6,191 shares during the period. Boston Financial Mangement LLC owned 0.06% of Aramark worth $5,558,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. CAPROCK Group Inc. boosted its holdings in shares of Aramark by 0.8% during the second quarter. CAPROCK Group Inc. now owns 5,528 shares of the company’s stock worth $227,000 after purchasing an additional 43 shares during the period. Atria Investments LLC boosted its holdings in shares of Aramark by 0.8% during the second quarter. Atria Investments LLC now owns 25,185 shares of the company’s stock worth $1,032,000 after purchasing an additional 209 shares during the period. Pitcairn Co. boosted its holdings in shares of Aramark by 3.2% during the second quarter. Pitcairn Co. now owns 8,330 shares of the company’s stock worth $341,000 after purchasing an additional 255 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Aramark by 8.3% during the second quarter. Pacer Advisors Inc. now owns 4,871 shares of the company’s stock worth $200,000 after purchasing an additional 374 shares during the period. Finally, Howard Hughes Medical Institute boosted its holdings in shares of Aramark by 0.7% during the second quarter. Howard Hughes Medical Institute now owns 57,423 shares of the company’s stock worth $2,353,000 after purchasing an additional 382 shares during the period. Institutional investors own 94.43% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This report was published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this report on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The original version of this report can be read at https://www.com-unik.info/2017/11/02/boston-financial-mangement-llc-has-5-56-million-stake-in-aramark-armk.html.

A number of analysts have recently weighed in on ARMK shares. Zacks Investment Research lowered shares of Aramark from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. BidaskClub upgraded shares of Aramark from a “sell” rating to a “hold” rating in a report on Saturday, September 23rd. Royal Bank Of Canada reiterated a “buy” rating on shares of Aramark in a report on Thursday, October 5th. Nomura increased their target price on shares of Aramark from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, October 17th. Finally, Barclays PLC reiterated a “hold” rating and set a $45.00 target price on shares of Aramark in a report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $45.17.

Aramark (NYSE:ARMK) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. The company had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Aramark had a net margin of 2.37% and a return on equity of 19.29%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company earned $0.34 EPS.

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).

Want to see what other hedge funds are holding ARMK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aramark (NYSE:ARMK).

Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

What are top analysts saying about Aramark? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Aramark and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit