Public Employees Retirement Association of Colorado cut its position in Aramark (NYSE:ARMK) by 0.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 48,481 shares of the company’s stock after selling 45 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Aramark were worth $1,987,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the company. Israel Discount Bank of New York acquired a new stake in shares of Aramark during the first quarter worth $103,000. FNY Managed Accounts LLC acquired a new stake in shares of Aramark during the first quarter worth $110,000. Simplex Trading LLC acquired a new stake in shares of Aramark during the second quarter worth $127,000. Pacer Advisors Inc. boosted its stake in shares of Aramark by 3.3% in the first quarter. Pacer Advisors Inc. now owns 4,497 shares of the company’s stock worth $166,000 after buying an additional 143 shares during the period. Finally, CAPROCK Group Inc. acquired a new stake in shares of Aramark during the first quarter worth $202,000. Institutional investors and hedge funds own 95.94% of the company’s stock.
Shares of Aramark (ARMK) opened at 39.35 on Friday. The stock has a market cap of $9.61 billion, a PE ratio of 28.51 and a beta of 0.48. The stock’s 50 day moving average is $40.38 and its 200-day moving average is $37.58. Aramark has a 12-month low of $32.73 and a 12-month high of $41.72.
Aramark (NYSE:ARMK) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.35 by $0.05. The firm had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.61 billion. Aramark had a net margin of 2.37% and a return on equity of 19.29%. Aramark’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.34 EPS. Equities analysts expect that Aramark will post $1.97 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Wednesday, August 16th will be paid a dividend of $0.103 per share. The ex-dividend date of this dividend is Monday, August 14th. This represents a $0.41 annualized dividend and a dividend yield of 1.05%. Aramark’s dividend payout ratio (DPR) is presently 29.93%.
A number of equities research analysts have recently commented on ARMK shares. BidaskClub upgraded shares of Aramark from a “hold” rating to a “buy” rating in a report on Friday, June 16th. Zacks Investment Research upgraded shares of Aramark from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Friday, May 12th. Deutsche Bank AG increased their price target on shares of Aramark from $42.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, May 10th. Nomura increased their price target on shares of Aramark from $43.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Morgan Stanley increased their price target on shares of Aramark from $39.00 to $40.00 and gave the company an “equal weight” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Aramark presently has an average rating of “Buy” and a consensus price target of $43.10.
In other Aramark news, EVP Lynn Mckee sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $38.61, for a total transaction of $3,861,000.00. Following the sale, the executive vice president now owns 304,736 shares of the company’s stock, valued at approximately $11,765,856.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP James J. Tarangelo sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $37.15, for a total transaction of $111,450.00. Following the sale, the vice president now directly owns 2,871 shares in the company, valued at approximately $106,657.65. The disclosure for this sale can be found here. In the last quarter, insiders have sold 143,629 shares of company stock valued at $5,618,413. 2.90% of the stock is currently owned by company insiders.
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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