Atlanta Capital Management Co. L L C Boosts Holdings in Aramark (ARMK)
Atlanta Capital Management Co. L L C boosted its position in shares of Aramark (NYSE:ARMK) by 25.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,931,393 shares of the company’s stock after buying an additional 1,997,607 shares during the quarter. Aramark accounts for approximately 2.4% of Atlanta Capital Management Co. L L C’s investment portfolio, making the stock its 4th largest position. Atlanta Capital Management Co. L L C owned 4.05% of Aramark worth $406,989,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of ARMK. FNY Managed Accounts LLC purchased a new position in Aramark during the first quarter worth $110,000. Simplex Trading LLC purchased a new position in Aramark during the second quarter worth $127,000. Acrospire Investment Management LLC boosted its stake in Aramark by 98.5% during the second quarter. Acrospire Investment Management LLC now owns 3,628 shares of the company’s stock worth $149,000 after buying an additional 1,800 shares during the period. Pacer Advisors Inc. boosted its stake in Aramark by 3.3% during the first quarter. Pacer Advisors Inc. now owns 4,497 shares of the company’s stock worth $166,000 after buying an additional 143 shares during the period. Finally, Parametrica Management Ltd purchased a new position in Aramark during the second quarter worth $202,000. 94.84% of the stock is owned by institutional investors.
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ARMK has been the subject of several recent analyst reports. BidaskClub lowered shares of Aramark from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Nomura reiterated a “buy” rating and set a $45.00 target price (up from $43.00) on shares of Aramark in a research report on Wednesday, August 9th. Barclays PLC lifted their target price on Aramark from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Friday, June 23rd. Morgan Stanley lifted their target price on Aramark from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Aramark in a research report on Thursday. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Aramark has an average rating of “Buy” and a consensus price target of $43.00.
Aramark (NYSE:ARMK) traded down 0.07% during mid-day trading on Monday, hitting $41.39. The stock had a trading volume of 456,817 shares. Aramark has a one year low of $32.73 and a one year high of $41.72. The company has a market cap of $10.14 billion, a PE ratio of 29.99 and a beta of 0.47. The firm’s 50-day moving average price is $40.45 and its 200 day moving average price is $38.99.
Aramark (NYSE:ARMK) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 19.29% and a net margin of 2.37%. The company’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.34 EPS. On average, equities research 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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