Tudor Investment Corp ET AL Acquires 4,841 Shares of Aramark (NYSE:ARMK)
Tudor Investment Corp ET AL boosted its stake in Aramark (NYSE:ARMK) by 39.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,145 shares of the company’s stock after buying an additional 4,841 shares during the period. Tudor Investment Corp ET AL’s holdings in Aramark were worth $632,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of ARMK. Israel Discount Bank of New York purchased a new position in Aramark during the first quarter valued at about $103,000. Israel Discount Bank of New York GFN purchased a new position in Aramark during the fourth quarter valued at about $102,000. Pacer Advisors Inc. increased its position in Aramark by 3.3% in the first quarter. Pacer Advisors Inc. now owns 4,497 shares of the company’s stock valued at $166,000 after buying an additional 143 shares in the last quarter. CAPROCK Group Inc. purchased a new position in Aramark during the first quarter valued at about $202,000. Finally, Mn Services Vermogensbeheer B.V. increased its position in Aramark by 6.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 6,201 shares of the company’s stock valued at $214,000 after buying an additional 395 shares in the last quarter. 95.58% of the stock is owned by institutional investors and hedge funds.
Shares of Aramark (NYSE:ARMK) traded down 0.27% during midday trading on Thursday, reaching $40.06. The company had a trading volume of 888,667 shares. The company’s 50-day moving average is $40.54 and its 200-day moving average is $37.34. The stock has a market capitalization of $9.78 billion, a PE ratio of 30.82 and a beta of 0.48. Aramark has a 1-year low of $32.73 and a 1-year high of $41.72.
Aramark (NYSE:ARMK) last announced its earnings results on Tuesday, May 9th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.08. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.63 billion. Aramark had a net margin of 2.23% and a return on equity of 19.13%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.39 earnings per share. On average, equities research analysts forecast that Aramark will post $1.96 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Wednesday, August 16th will be given a $0.103 dividend. The ex-dividend date is Monday, August 14th. This represents a $0.41 dividend on an annualized basis and a yield of 1.03%. Aramark’s payout ratio is currently 31.78%.
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Several analysts recently commented on the company. BidaskClub upgraded Aramark from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 28th. Barclays PLC increased their price target on Aramark from $37.00 to $39.00 and gave the stock 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. Finally, Deutsche Bank AG increased their target price on Aramark from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, May 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $42.90.
In other Aramark news, SVP Brian P. Pressler sold 10,629 shares of Aramark stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $40.80, for a total value of $433,663.20. Following the completion of the sale, the senior vice president now directly owns 14,285 shares of the company’s stock, valued at approximately $582,828. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP James J. Tarangelo sold 3,000 shares of Aramark stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $37.15, for a total transaction of $111,450.00. Following the completion of the sale, the vice president now directly owns 2,871 shares of the company’s stock, valued at $106,657.65. The disclosure for this sale can be found here. In the last 90 days, insiders sold 143,629 shares of company stock valued at $5,618,413. 2.90% of the stock is owned by insiders.
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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