Reinhart Partners Inc. Has $20.13 Million Position in Aramark (ARMK)

Reinhart Partners Inc. increased its stake in Aramark (NYSE:ARMK) by 39.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 694,962 shares of the company’s stock after purchasing an additional 197,395 shares during the quarter. Aramark makes up 2.1% of Reinhart Partners Inc.’s investment portfolio, making the stock its 17th largest holding. Reinhart Partners Inc. owned approximately 0.28% of Aramark worth $20,133,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of ARMK. Vanguard Group Inc lifted its holdings in shares of Aramark by 1.0% during the third quarter. Vanguard Group Inc now owns 20,930,336 shares of the company’s stock worth $900,423,000 after buying an additional 217,046 shares during the last quarter. FMR LLC lifted its holdings in shares of Aramark by 3.0% during the third quarter. FMR LLC now owns 14,362,406 shares of the company’s stock worth $617,870,000 after buying an additional 416,188 shares during the last quarter. Atlanta Capital Management Co. L L C lifted its holdings in shares of Aramark by 13.6% during the third quarter. Atlanta Capital Management Co. L L C now owns 13,942,987 shares of the company’s stock worth $599,827,000 after buying an additional 1,668,723 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Aramark by 1.5% during the third quarter. BlackRock Inc. now owns 13,898,487 shares of the company’s stock worth $597,916,000 after buying an additional 207,441 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Aramark by 168.1% in the third quarter. Janus Henderson Group PLC now owns 8,547,301 shares of the company’s stock valued at $367,705,000 after purchasing an additional 5,359,662 shares in the last quarter. Hedge funds and other institutional investors own 99.50% of the company’s stock.

Shares of NYSE:ARMK opened at $31.89 on Tuesday. Aramark has a fifty-two week low of $27.37 and a fifty-two week high of $46.09. The firm has a market capitalization of $7.87 billion, a price-to-earnings ratio of 16.03, a P/E/G ratio of 1.43 and a beta of 1.15. The company has a current ratio of 1.17, a quick ratio of 0.87 and a debt-to-equity ratio of 2.38.

Aramark (NYSE:ARMK) last announced its quarterly earnings results on Tuesday, November 13th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. Aramark had a return on equity of 17.76% and a net margin of 3.60%. The firm had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.96 billion. During the same period in the prior year, the business posted $0.54 earnings per share. The business’s revenue was up 7.1% compared to the same quarter last year. As a group, research analysts predict that Aramark will post 2.2 EPS for the current fiscal year.

ARMK has been the subject of a number of recent research reports. ValuEngine lowered Aramark from a “hold” rating to a “sell” rating in a research note on Friday, October 26th. Stifel Nicolaus restated a “buy” rating and issued a $47.00 target price on shares of Aramark in a research note on Sunday, November 18th. Royal Bank of Canada initiated coverage on Aramark in a research note on Monday, November 19th. They issued an “outperform” rating and a $47.00 target price for the company. Berenberg Bank upgraded Aramark from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Thursday, January 17th. Finally, Bank of America initiated coverage on Aramark in a research note on Tuesday, October 23rd. They issued a “buy” rating and a $49.00 target price for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. Aramark currently has an average rating of “Buy” and an average price target of $43.09.

In other Aramark news, Director Stephen I. Sadove bought 6,000 shares of the firm’s stock in a transaction dated Thursday, December 13th. The shares were bought at an average price of $32.72 per share, for a total transaction of $196,320.00. Following the completion of the acquisition, the director now owns 37,314 shares of the company’s stock, valued at $1,220,914.08. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Eric J. Foss bought 92,564 shares of the firm’s stock in a transaction dated Wednesday, December 12th. The shares were acquired at an average price of $32.46 per share, for a total transaction of $3,004,627.44. Following the acquisition, the chief executive officer now directly owns 1,679,407 shares of the company’s stock, valued at approximately $54,513,551.22. The disclosure for this purchase can be found here. Corporate insiders own 3.50% of the company’s stock.

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About Aramark

Aramark provides food, facilities management, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in North America and internationally. It operates in three segments: Food and Support Services United States, Food and Support Services International, and Uniform and Career Apparel.

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Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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