MU Investments Co. Ltd. bought a new position in shares of Aramark Holdings Corp. (NYSE:ARMK) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,500 shares of the company’s stock, valued at approximately $148,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Daiwa Securities Group Inc. boosted its stake in shares of Aramark Holdings Corp. by 11.5% in the second quarter. Daiwa Securities Group Inc. now owns 5,350 shares of the company’s stock worth $179,000 after buying an additional 550 shares in the last quarter. Strs Ohio boosted its stake in shares of Aramark Holdings Corp. by 26.5% in the second quarter. Strs Ohio now owns 5,459 shares of the company’s stock worth $182,000 after buying an additional 1,142 shares in the last quarter. Monetary Management Group Inc. bought a new stake in shares of Aramark Holdings Corp. during the first quarter worth $321,000. M&T Bank Corp bought a new stake in shares of Aramark Holdings Corp. during the first quarter worth $339,000. Finally, Prudential Financial Inc. bought a new stake in shares of Aramark Holdings Corp. during the first quarter worth $443,000. Hedge funds and other institutional investors own 94.26% of the company’s stock.
Aramark Holdings Corp. (NYSE:ARMK) traded up 0.69% during midday trading on Thursday, hitting $37.90. The stock had a trading volume of 1,672,949 shares. Aramark Holdings Corp. has a 1-year low of $29.18 and a 1-year high of $38.30. The company has a market cap of $9.24 billion, a price-to-earnings ratio of 36.10 and a beta of 0.57. The company’s 50 day moving average is $37.54 and its 200 day moving average is $34.70.
Aramark Holdings Corp. (NYSE:ARMK) last issued its quarterly earnings data on Wednesday, August 10th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.02. The firm earned $3.59 billion during the quarter, compared to the consensus estimate of $3.58 billion. Aramark Holdings Corp. had a net margin of 1.81% and a return on equity of 18.92%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the business posted $0.29 earnings per share. On average, equities analysts anticipate that Aramark Holdings Corp. will post $1.71 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Tuesday, August 16th were given a dividend of $0.095 per share. The ex-dividend date of this dividend was Friday, August 12th. This represents a $0.38 annualized dividend and a yield of 1.00%. Aramark Holdings Corp.’s dividend payout ratio (DPR) is presently 35.85%.
A number of brokerages have weighed in on ARMK. Bank of America Corp. boosted their price target on Aramark Holdings Corp. from $38.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. RBC Capital Markets reissued a “top pick” rating and set a $42.00 price objective (up previously from $40.00) on shares of Aramark Holdings Corp. in a research report on Saturday, August 13th. Zacks Investment Research cut Aramark Holdings Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 12th. Morgan Stanley set a $41.00 price objective on Aramark Holdings Corp. and gave the stock a “hold” rating in a research report on Thursday, August 11th. Finally, Barclays PLC boosted their price objective on Aramark Holdings Corp. from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Thursday, August 11th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $40.58.
In other news, EVP Stephen R. Reynolds sold 56,709 shares of Aramark Holdings Corp. stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $36.97, for a total value of $2,096,531.73. Following the completion of the sale, the executive vice president now directly owns 171,175 shares in the company, valued at $6,328,339.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 2.50% of the company’s stock.
Aramark Holdings Corp. Company Profile
Aramark provides 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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