Aramark (ARMK) Shares Sold by Stephens Inc. AR
Stephens Inc. AR lowered its holdings in Aramark (NYSE:ARMK) by 4.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 155,503 shares of the company’s stock after selling 7,905 shares during the period. Stephens Inc. AR owned approximately 0.06% of Aramark worth $6,373,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Israel Discount Bank of New York purchased a new stake in shares of Aramark during the first quarter worth $103,000. FNY Managed Accounts LLC bought a new position in Aramark during the first quarter valued at about $110,000. Simplex Trading LLC bought a new position in Aramark during the second quarter valued at about $127,000. Pacer Advisors Inc. raised its holdings in Aramark by 3.3% during 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. Finally, Parametrica Management Ltd bought a new position in Aramark during the second quarter valued at about $202,000. Institutional investors own 94.85% of the company’s stock.
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In related news, SVP Brian P. Pressler sold 10,629 shares of the stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $40.80, for a total transaction of $433,663.20. Following the sale, the senior vice president now owns 14,285 shares in the company, valued at approximately $582,828. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen R. Reynolds sold 30,000 shares of the stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $40.41, for a total transaction of $1,212,300.00. Following the sale, the executive vice president now owns 62,460 shares in the company, valued at approximately $2,524,008.60. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by corporate insiders.
Aramark (NYSE ARMK) traded up 0.88% during midday trading on Monday, reaching $41.04. The company had a trading volume of 703,594 shares. The firm has a market capitalization of $10.06 billion, a P/E ratio of 29.74 and a beta of 0.48. Aramark has a one year low of $32.73 and a one year high of $41.72. The stock’s 50 day moving average price is $39.89 and its 200-day moving average price is $38.39.
Aramark (NYSE:ARMK) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.05. Aramark had a net margin of 2.37% and a return on equity of 19.29%. The business had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the prior year, the business earned $0.34 EPS. Aramark’s quarterly revenue was up .2% on a year-over-year basis. On average, equities research analysts anticipate that Aramark will post $1.96 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Wednesday, August 16th were paid a $0.103 dividend. The ex-dividend date was Monday, August 14th. This represents a $0.41 dividend on an annualized basis and a yield of 1.01%. Aramark’s dividend payout ratio (DPR) is currently 29.93%.
Several equities analysts have weighed in on ARMK shares. BidaskClub lowered Aramark from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Nomura restated a “buy” rating and set a $45.00 target price (up from $43.00) on shares of Aramark in a report on Wednesday, August 9th. Barclays PLC raised 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. Morgan Stanley raised their target price on Aramark from $39.00 to $40.00 and gave the company an “equal weight” rating in a report on Thursday, August 10th. Finally, Zacks Investment Research lowered Aramark from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Aramark has a consensus rating of “Buy” and an average target price of $42.86.
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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