First Trust Advisors LP cut its stake in shares of Aramark Holdings Corp. (NYSE:ARMK) by 46.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 409,860 shares of the company’s stock after selling 362,276 shares during the period. First Trust Advisors LP owned approximately 0.17% of Aramark Holdings Corp. worth $15,587,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in ARMK. Mn Services Vermogensbeheer B.V. increased its position in Aramark Holdings Corp. by 2.9% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 5,806 shares of the company’s stock valued at $175,000 after buying an additional 165 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Aramark Holdings Corp. by 5.4% in the second quarter. SG Americas Securities LLC now owns 7,493 shares of the company’s stock valued at $250,000 after buying an additional 383 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Aramark Holdings Corp. by 2.7% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 15,247 shares of the company’s stock valued at $509,000 after buying an additional 408 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Aramark Holdings Corp. by 1.0% in the second quarter. PNC Financial Services Group Inc. now owns 48,960 shares of the company’s stock valued at $1,635,000 after buying an additional 472 shares during the period. Finally, US Bancorp DE increased its stake in shares of Aramark Holdings Corp. by 9.1% in the second quarter. US Bancorp DE now owns 5,760 shares of the company’s stock valued at $193,000 after buying an additional 480 shares during the period. Institutional investors own 95.59% of the company’s stock.

Institutional Ownership by Quarter for Aramark Holdings Corp. (NYSE:ARMK)

Shares of Aramark Holdings Corp. (NYSE:ARMK) traded down 0.57% on Monday, reaching $35.10. 1,461,441 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $36.30 and its 200-day moving average price is $35.63. The company has a market capitalization of $8.56 billion, a P/E ratio of 30.26 and a beta of 0.58. Aramark Holdings Corp. has a 1-year low of $29.18 and a 1-year high of $38.30.

Aramark Holdings Corp. (NYSE:ARMK) last announced its quarterly earnings data on Tuesday, November 15th. The company reported $0.49 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.49. Aramark Holdings Corp. had a net margin of 2.00% and a return on equity of 18.96%. The business earned $3.54 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter in the prior year, the firm earned $0.44 EPS. The company’s revenue for the quarter was up .0% compared to the same quarter last year. Analysts anticipate that Aramark Holdings Corp. will post $1.90 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Monday, November 28th will be given a dividend of $0.103 per share. This represents a $0.41 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Wednesday, November 23rd. This is an increase from Aramark Holdings Corp.’s previous quarterly dividend of $0.10. Aramark Holdings Corp.’s dividend payout ratio is currently 35.35%.

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Several equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Aramark Holdings Corp. from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Tuesday, October 4th. RBC Capital Markets reiterated a “top pick” rating and set a $42.00 target price (up previously from $40.00) on shares of Aramark Holdings Corp. in a research note on Saturday, August 13th. Macquarie assumed coverage on shares of Aramark Holdings Corp. in a research note on Thursday, August 25th. They set an “outperform” rating and a $44.00 target price for the company. Morgan Stanley set a $41.00 target price on shares of Aramark Holdings Corp. and gave the stock a “hold” rating in a research note on Thursday, August 11th. Finally, Bank of America Corp. increased their target price on shares of Aramark Holdings Corp. from $38.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, August 11th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $40.92.

In other Aramark Holdings Corp. news, Chairman Eric J. Foss acquired 87,566 shares of the stock in a transaction that occurred on Monday, November 21st. The stock was acquired at an average price of $34.50 per share, with a total value of $3,021,027.00. Following the transaction, the chairman now directly owns 1,514,253 shares in the company, valued at $52,241,728.50. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Stephen I. Sadove acquired 7,500 shares of the stock in a transaction that occurred on Thursday, November 17th. The shares were acquired at an average cost of $33.53 per share, with a total value of $251,475.00. Following the transaction, the director now owns 22,489 shares in the company, valued at $754,056.17. The disclosure for this purchase can be found here. Corporate insiders own 2.50% of the company’s stock.

Aramark Holdings Corp. Company Profile

Aramark provides 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).

5 Day Chart for NYSE:ARMK

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