South Dakota Investment Council Has $2.36 Million Position in Aramark $ARMK

South Dakota Investment Council boosted its position in Aramark (NYSE:ARMK) by 71.8% in the second quarter, Holdings Channel.com reports. The firm owned 56,250 shares of the company’s stock after purchasing an additional 23,500 shares during the quarter. South Dakota Investment Council’s holdings in Aramark were worth $2,355,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Voya Investment Management LLC raised its position in shares of Aramark by 27.3% during the first quarter. Voya Investment Management LLC now owns 116,601 shares of the company’s stock worth $4,025,000 after acquiring an additional 24,984 shares during the last quarter. Focus Partners Wealth raised its position in shares of Aramark by 1.1% during the first quarter. Focus Partners Wealth now owns 619,386 shares of the company’s stock worth $21,381,000 after acquiring an additional 6,702 shares during the last quarter. Leeward Investments LLC MA raised its position in shares of Aramark by 19.8% during the second quarter. Leeward Investments LLC MA now owns 242,407 shares of the company’s stock worth $10,150,000 after acquiring an additional 40,148 shares during the last quarter. Strs Ohio bought a new position in shares of Aramark during the first quarter worth about $1,472,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Aramark during the second quarter worth about $273,000.

Aramark Trading Down 0.8%

Shares of Aramark stock opened at $37.59 on Tuesday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.14 and a current ratio of 1.29. Aramark has a 52 week low of $29.92 and a 52 week high of $44.49. The stock has a 50 day moving average price of $38.74 and a two-hundred day moving average price of $39.42. The stock has a market capitalization of $9.88 billion, a PE ratio of 27.84 and a beta of 1.21.

Aramark (NYSE:ARMK) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.40 EPS for the quarter, meeting analysts’ consensus estimates of $0.40. Aramark had a return on equity of 15.67% and a net margin of 2.02%.The firm had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.66 billion. During the same quarter last year, the firm posted $0.31 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, equities analysts anticipate that Aramark will post 1.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ARMK has been the subject of a number of analyst reports. Robert W. Baird upgraded Aramark from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $43.00 to $47.00 in a research report on Wednesday, August 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Aramark in a research note on Tuesday, October 14th. Wall Street Zen cut Aramark from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. UBS Group decreased their target price on Aramark from $46.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, October 1st. Finally, Baird R W raised Aramark from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.88.

Aramark Company Profile

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.