Nordea Investment Management AB continued to hold its position in shares of Aramark (NYSE:ARMK) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,434 shares of the company’s stock at the close of the 2nd quarter. Nordea Investment Management AB’s holdings in Aramark were worth $182,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. M&T Bank Corp grew its holdings in shares of Aramark by 16.1% in the 2nd quarter. M&T Bank Corp now owns 20,032 shares of the company’s stock worth $820,000 after purchasing an additional 2,777 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of Aramark by 7.9% in the 2nd quarter. California Public Employees Retirement System now owns 518,500 shares of the company’s stock worth $21,248,000 after purchasing an additional 37,800 shares during the last quarter. FMR LLC grew its holdings in shares of Aramark by 3.3% in the 2nd quarter. FMR LLC now owns 13,215,194 shares of the company’s stock worth $541,558,000 after purchasing an additional 421,291 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Aramark by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 19,876,655 shares of the company’s stock worth $814,546,000 after purchasing an additional 507,262 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Aramark by 1.3% in the 2nd quarter. Northern Trust Corp now owns 2,063,295 shares of the company’s stock worth $84,555,000 after purchasing an additional 27,231 shares during the last quarter. 94.84% of the stock is currently owned by institutional investors and hedge funds.
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Several equities research analysts have recently weighed in on the stock. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Aramark in a report on Thursday, October 5th. BidaskClub raised shares of Aramark from a “sell” rating to a “hold” rating in a report on Saturday, September 23rd. Morgan Stanley upped their target price on shares of Aramark from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Thursday, August 10th. Nomura reaffirmed a “buy” rating and issued a $45.00 target price (up previously from $43.00) on shares of Aramark in a report on Wednesday, August 9th. Finally, Zacks Investment Research lowered shares of Aramark from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Aramark currently has a consensus rating of “Buy” and an average price target of $43.00.
Shares of Aramark (NYSE ARMK) opened at 42.17 on Friday. The firm’s 50-day moving average is $40.73 and its 200-day moving average is $39.14. The company has a market cap of $10.34 billion, a price-to-earnings ratio of 30.56 and a beta of 0.47. Aramark has a one year low of $32.73 and a one year high of $42.26.
Aramark (NYSE:ARMK) last issued its earnings results on Tuesday, August 8th. The company reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.05. The firm had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.61 billion. Aramark had a return on equity of 19.29% and a net margin of 2.37%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.34 earnings per share. Analysts expect that Aramark will post $1.96 EPS for the current fiscal year.
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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