State Street Corp Has $227.82 Million Stock Holdings in Aramark (NYSE:ARMK)

State Street Corp grew its holdings in Aramark (NYSE:ARMK) by 0.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,249,329 shares of the company’s stock after purchasing an additional 30,953 shares during the period. State Street Corp owned approximately 2.10% of Aramark worth $227,821,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Oregon Public Employees Retirement Fund acquired a new position in shares of Aramark in the fourth quarter valued at approximately $2,569,000. Rhumbline Advisers grew its holdings in Aramark by 1.6% during the 4th quarter. Rhumbline Advisers now owns 198,238 shares of the company’s stock worth $8,604,000 after acquiring an additional 3,141 shares during the last quarter. Mastrapasqua Asset Management Inc. grew its holdings in Aramark by 3.6% during the 4th quarter. Mastrapasqua Asset Management Inc. now owns 153,230 shares of the company’s stock worth $6,650,000 after acquiring an additional 5,270 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in Aramark by 16.7% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 38,979 shares of the company’s stock worth $1,687,000 after acquiring an additional 5,591 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in Aramark in the 4th quarter valued at approximately $76,000. Institutional investors own 97.50% of the company’s stock.

In other Aramark news, EVP Lynn Mckee sold 225,340 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $44.11, for a total value of $9,939,747.40. Following the transaction, the executive vice president now directly owns 432,955 shares of the company’s stock, valued at $19,097,645.05. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.30% of the stock is owned by insiders.

A number of equities analysts have recently commented on ARMK shares. Citigroup initiated coverage on shares of Aramark in a report on Friday, February 7th. They set a “sell” rating and a $39.00 price target on the stock. ValuEngine downgraded Aramark from a “hold” rating to a “sell” rating in a report on Friday, January 3rd. Jefferies Financial Group initiated coverage on Aramark in a research report on Wednesday, November 27th. They set a “hold” rating and a $49.00 target price for the company. Zacks Investment Research raised Aramark from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Wednesday. Finally, Berenberg Bank downgraded Aramark from a “buy” rating to a “hold” rating and lifted their target price for the stock from $37.00 to $43.00 in a report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Aramark has an average rating of “Hold” and an average target price of $46.27.

Shares of ARMK traded down $0.15 during trading hours on Thursday, hitting $42.47. 24,169 shares of the stock were exchanged, compared to its average volume of 2,248,872. Aramark has a fifty-two week low of $25.49 and a fifty-two week high of $47.22. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.23 and a quick ratio of 1.06. The business has a 50-day moving average of $44.10 and a 200-day moving average of $42.71. The firm has a market capitalization of $10.78 billion, a P/E ratio of 31.64, a price-to-earnings-growth ratio of 2.32 and a beta of 0.87.

Aramark (NYSE:ARMK) last released its earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.07. The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.30 billion. Aramark had a net margin of 2.12% and a return on equity of 16.88%. Aramark’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.63 earnings per share. As a group, analysts forecast that Aramark will post 2.27 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Wednesday, February 12th. Aramark’s dividend payout ratio (DPR) is presently 19.64%.

Aramark Company Profile

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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