Aramark (NYSE:ARMK) EVP Stephen Reynolds sold 30,000 shares of Aramark stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $40.41, for a total transaction of $1,212,300.00. Following the sale, the executive vice president now owns 62,460 shares in the company, valued at approximately $2,524,008.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Aramark (ARMK) traded up 0.17% during trading on Wednesday, reaching $41.09. 2,238,348 shares of the company’s stock were exchanged. The company has a market capitalization of $10.03 billion, a price-to-earnings ratio of 31.56 and a beta of 0.50. The stock’s 50-day moving average price is $38.05 and its 200-day moving average price is $36.30. Aramark has a 52-week low of $31.38 and a 52-week high of $41.24.
Aramark (NYSE:ARMK) last issued its earnings results on Tuesday, May 9th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.08. The business had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.63 billion. Aramark had a return on equity of 12.56% and a net margin of 1.94%. Aramark’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.39 earnings per share. Equities analysts expect that Aramark will post $1.96 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 6th. Investors of record on Wednesday, May 17th were paid a $0.103 dividend. The ex-dividend date of this dividend was Monday, May 15th. This represents a $0.41 dividend on an annualized basis and a dividend yield of 1.00%. Aramark’s payout ratio is 31.78%.
WARNING: “Stephen Reynolds Sells 30,000 Shares of Aramark (ARMK) Stock” was first posted by Ticker Report and is owned by of Ticker Report. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this piece can be read at https://www.tickerreport.com/banking-finance/2655021/stephen-r-reynolds-sells-30000-shares-of-aramark-armk-stock.html.
A number of research firms have recently weighed in on ARMK. BidaskClub raised shares of Aramark from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Deutsche Bank AG raised their price target on shares of Aramark from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, May 10th. Zacks Investment Research downgraded shares of Aramark from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. Finally, Goldman Sachs Group Inc raised shares of Aramark from a “buy” rating to a “conviction-buy” rating and set a $44.00 price target for the company in a research report on Thursday, March 2nd. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $42.70.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio raised its position in shares of Aramark by 63.6% in the first quarter. Public Employees Retirement System of Ohio now owns 170,044 shares of the company’s stock worth $6,270,000 after buying an additional 66,076 shares during the last quarter. Achmea Investment Management B.V. purchased a new position in shares of Aramark during the first quarter worth approximately $775,000. Goldman Sachs Group Inc. raised its position in shares of Aramark by 10.2% in the first quarter. Goldman Sachs Group Inc. now owns 1,854,928 shares of the company’s stock worth $68,391,000 after buying an additional 171,691 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Aramark during the first quarter worth approximately $23,154,000. Finally, FNY Managed Accounts LLC purchased a new position in shares of Aramark during the first quarter worth approximately $110,000. Institutional investors and hedge funds own 95.38% of the company’s stock.
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).
Receive News & Ratings for Aramark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aramark and related companies with MarketBeat.com's FREE daily email newsletter.