Prudential Financial Inc. cut its position in Aramark (NYSE:ARMK) by 72.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,740 shares of the company’s stock after selling 38,950 shares during the quarter. Prudential Financial Inc.’s holdings in Aramark were worth $599,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of ARMK. Janus Henderson Group PLC raised its position in shares of Aramark by 13,882.8% in the 2nd quarter. Janus Henderson Group PLC now owns 2,833,624 shares of the company’s stock valued at $116,122,000 after buying an additional 2,813,359 shares in the last quarter. Atlanta Capital Management Co. L L C grew its holdings in shares of Aramark by 25.2% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 9,931,393 shares of the company’s stock valued at $406,989,000 after purchasing an additional 1,997,607 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Aramark by 1,987.5% during the 2nd quarter. Principal Financial Group Inc. now owns 737,730 shares of the company’s stock valued at $30,232,000 after purchasing an additional 702,390 shares during the last quarter. Lord Abbett & CO. LLC grew its holdings in shares of Aramark by 58.8% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,804,100 shares of the company’s stock valued at $73,932,000 after purchasing an additional 668,047 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Aramark by 59.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,502,775 shares of the company’s stock valued at $61,584,000 after purchasing an additional 562,055 shares during the last quarter. Institutional investors own 95.25% of the company’s stock.
In other Aramark news, Director Sanjeev K. Mehra bought 19,640 shares of Aramark stock in a transaction 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 SEC, which is available through this hyperlink. Insiders own 3.30% of the company’s stock.
Aramark (NYSE:ARMK) traded up $0.54 on Tuesday, reaching $43.28. 1,057,256 shares of the company’s stock were exchanged, compared to its average volume of 781,300. Aramark has a 52-week low of $32.87 and a 52-week high of $44.12. The company has a quick ratio of 0.86, a current ratio of 1.12 and a debt-to-equity ratio of 2.11. The company has a market cap of $10,496.34, a price-to-earnings ratio of 29.05, a price-to-earnings-growth ratio of 1.81 and a beta of 0.47.
Aramark (NYSE:ARMK) last posted its earnings results on Tuesday, November 14th. The company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.02. Aramark had a net margin of 2.56% and a return on equity of 19.29%. The firm had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same period in the previous year, the firm posted $0.49 EPS. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. research analysts expect that Aramark will post 1.96 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 7th. Shareholders of record on Monday, November 27th were issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 0.97%. This is a positive change from Aramark’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, November 24th. Aramark’s payout ratio is presently 28.19%.
Several equities research analysts recently issued reports on ARMK shares. BidaskClub raised shares of Aramark from a “sell” rating to a “hold” rating in a report on Saturday, September 23rd. Royal Bank of Canada reaffirmed a “buy” rating on shares of Aramark in a report on Thursday, October 5th. Nomura lifted their price target on shares of Aramark from $45.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday, October 17th. Zacks Investment Research lowered shares of Aramark from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 18th. Finally, Barclays reaffirmed a “hold” rating and set a $45.00 price target on shares of Aramark in a report on Thursday, October 19th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $45.86.
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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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