Zurcher Kantonalbank Zurich Cantonalbank held its stake in Aramark (NYSE:ARMK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,633 shares of the company’s stock at the close of the second quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Aramark were worth $1,829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. US Bancorp DE grew its holdings in Aramark by 0.6% during the 1st quarter. US Bancorp DE now owns 6,417 shares of the company’s stock valued at $237,000 after buying an additional 41 shares during the last quarter. CAPROCK Group Inc. grew its holdings in Aramark by 0.8% during the 2nd quarter. CAPROCK Group Inc. now owns 5,528 shares of the company’s stock valued at $227,000 after buying an additional 43 shares during the last quarter. Arizona State Retirement System grew its holdings in Aramark by 0.3% during the 1st quarter. Arizona State Retirement System now owns 38,500 shares of the company’s stock valued at $1,419,000 after buying an additional 100 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Aramark by 3.3% during the 1st quarter. Pacer Advisors Inc. now owns 4,497 shares of the company’s stock valued at $166,000 after buying an additional 143 shares during the last quarter. Finally, Atria Investments LLC boosted its holdings in shares of Aramark by 0.8% during the second quarter. Atria Investments LLC now owns 25,185 shares of the company’s stock worth $1,032,000 after purchasing an additional 209 shares during the last quarter. 94.84% of the stock is owned by hedge funds and other institutional investors.
ARMK has been the topic of several analyst reports. BidaskClub upgraded Aramark from a “hold” rating to a “buy” rating in a report on Friday, June 16th. Barclays PLC lifted their target price on Aramark from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Friday, June 23rd. Zacks Investment Research cut Aramark from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Nomura reiterated 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, Morgan Stanley raised their price objective on Aramark from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $42.86.
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Shares of Aramark (NYSE ARMK) traded up 0.34% during trading on Friday, reaching $40.94. The company’s stock had a trading volume of 843,666 shares. The company’s 50-day moving average price is $40.03 and its 200 day moving average price is $38.63. Aramark has a 1-year low of $32.73 and a 1-year high of $41.72. The stock has a market capitalization of $10.03 billion, a price-to-earnings ratio of 29.67 and a beta of 0.48.
Aramark (NYSE:ARMK) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.05. The business had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Aramark had a net margin of 2.37% and a return on equity of 19.29%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.34 EPS. Analysts anticipate that Aramark will post $1.96 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Wednesday, August 16th were issued a dividend of $0.103 per share. This represents a $0.41 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Monday, August 14th. Aramark’s payout ratio is 29.93%.
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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