Aramark (NYSE:ARMK) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $44.52 and last traded at $44.00, with a volume of 1489500 shares traded. The stock had previously closed at $44.07.
A number of equities research analysts have recently issued reports on ARMK shares. BidaskClub raised Aramark from a “sell” rating to a “hold” rating in a research report on Saturday, September 23rd. Royal Bank of Canada reaffirmed a “buy” rating on shares of Aramark in a research report on Thursday, October 5th. Nomura boosted their target price on Aramark from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, October 17th. Zacks Investment Research lowered Aramark from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 18th. Finally, Barclays reaffirmed a “hold” rating and set a $45.00 target price on shares of Aramark in a research report on Thursday, October 19th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $45.86.
The stock has a market cap of $10,958.04, a PE ratio of 29.89, a price-to-earnings-growth ratio of 1.89 and a beta of 0.47. The company has a current ratio of 1.12, a quick ratio of 0.86 and a debt-to-equity ratio of 2.11.
In other Aramark news, Director Sanjeev K. Mehra purchased 19,640 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were purchased at an average cost of $40.75 per share, with a total value of $800,330.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.90% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of ARMK. Alliancebernstein L.P. grew its stake in Aramark by 1.1% in the second quarter. Alliancebernstein L.P. now owns 163,212 shares of the company’s stock valued at $6,688,000 after purchasing an additional 1,740 shares in the last quarter. BlackRock Inc. grew its stake in Aramark by 1.4% in the second quarter. BlackRock Inc. now owns 12,627,800 shares of the company’s stock valued at $517,486,000 after purchasing an additional 174,494 shares in the last quarter. Profund Advisors LLC purchased a new position in Aramark in the second quarter valued at about $219,000. PNC Financial Services Group Inc. grew its stake in Aramark by 2.6% in the second quarter. PNC Financial Services Group Inc. now owns 39,954 shares of the company’s stock valued at $1,638,000 after purchasing an additional 998 shares in the last quarter. Finally, Quantitative Investment Management LLC purchased a new position in Aramark in the second quarter valued at about $1,487,000. Hedge funds and other institutional investors own 95.40% of the company’s stock.
WARNING: This news story was posted by Ticker Report and is the property of of Ticker Report. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The original version of this news story can be read at https://www.tickerreport.com/banking-finance/3145580/aramark-armk-hits-new-12-month-high-at-44-52.html.
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.