Stephen Reynolds Sells 30,000 Shares of Aramark (ARMK) Stock

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.

Insider Buying and Selling by Quarter for Aramark (NYSE:ARMK)

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%.

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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).

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