Aramark (ARMK) Shares Bought by Renaissance Technologies LLC
Renaissance Technologies LLC increased its stake in shares of Aramark (NYSE:ARMK) by 341.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 631,900 shares of the company’s stock after purchasing an additional 488,800 shares during the quarter. Renaissance Technologies LLC owned about 0.26% of Aramark worth $25,895,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in ARMK. Atria Investments LLC lifted its holdings in Aramark by 0.8% in the second quarter. Atria Investments LLC now owns 25,185 shares of the company’s stock valued at $1,032,000 after buying an additional 209 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in Aramark by 59.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,502,775 shares of the company’s stock valued at $61,584,000 after buying an additional 562,055 shares during the period. State of Alaska Department of Revenue lifted its holdings in Aramark by 6.4% in the second quarter. State of Alaska Department of Revenue now owns 17,231 shares of the company’s stock valued at $706,000 after buying an additional 1,032 shares during the period. Simplex Trading LLC acquired a new position in Aramark in the second quarter valued at approximately $127,000. Finally, Bank of New York Mellon Corp lifted its holdings in Aramark by 3.7% in the second quarter. Bank of New York Mellon Corp now owns 1,344,658 shares of the company’s stock valued at $55,104,000 after buying an additional 48,091 shares during the period. 94.84% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently weighed in on the stock. Royal Bank Of Canada restated a “buy” rating on shares of Aramark in a report on Thursday. BidaskClub upgraded shares of Aramark from a “sell” rating to a “hold” rating in a report on Saturday, September 23rd. Morgan Stanley increased their price objective on shares of Aramark from $39.00 to $40.00 and gave the company an “equal weight” rating in a report on Thursday, August 10th. Nomura restated a “buy” rating and issued a $45.00 price objective (up from $43.00) on shares of Aramark in a report on Wednesday, August 9th. Finally, Zacks Investment Research lowered shares of Aramark from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Aramark has an average rating of “Buy” and an average price target of $43.00.
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Aramark (NYSE:ARMK) opened at 41.42 on Monday. The company has a 50-day moving average of $40.45 and a 200 day moving average of $38.99. The firm has a market capitalization of $10.15 billion, a price-to-earnings ratio of 30.01 and a beta of 0.47. Aramark has a one year low of $32.73 and a one year high of $41.72.
Aramark (NYSE:ARMK) last posted its earnings results on Tuesday, August 8th. The company reported $0.40 earnings per share for the quarter, topping 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 firm had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same period in the previous year, the firm posted $0.34 EPS. The company’s revenue for the quarter was up .2% compared to the same quarter last year. On average, analysts anticipate that Aramark will post $1.96 EPS for the current year.
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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