Forsta AP Fonden Buys 1,900 Shares of Aramark (ARMK)
Forsta AP Fonden raised its stake in shares of Aramark (NYSE:ARMK) by 2.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 71,246 shares of the company’s stock after purchasing an additional 1,900 shares during the period. Forsta AP Fonden’s holdings in Aramark were worth $2,893,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the business. CAPROCK Group Inc. boosted its stake in shares of Aramark by 0.8% in the second quarter. CAPROCK Group Inc. now owns 5,528 shares of the company’s stock worth $227,000 after acquiring an additional 43 shares during the period. Atria Investments LLC boosted its stake in shares of Aramark by 0.8% in the second quarter. Atria Investments LLC now owns 25,185 shares of the company’s stock worth $1,032,000 after acquiring an additional 209 shares during the period. Pitcairn Co. boosted its stake in shares of Aramark by 3.2% in the second quarter. Pitcairn Co. now owns 8,330 shares of the company’s stock worth $341,000 after acquiring an additional 255 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Aramark by 8.3% in the second quarter. Pacer Advisors Inc. now owns 4,871 shares of the company’s stock worth $200,000 after acquiring an additional 374 shares during the period. Finally, Howard Hughes Medical Institute boosted its stake in shares of Aramark by 0.7% in the second quarter. Howard Hughes Medical Institute now owns 57,423 shares of the company’s stock worth $2,353,000 after acquiring an additional 382 shares during the period. 94.42% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently commented on ARMK shares. Zacks Investment Research lowered Aramark from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. BidaskClub lowered Aramark from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Royal Bank Of Canada reissued a “buy” rating on shares of Aramark in a research note on Thursday, October 5th. Nomura increased their price target on Aramark from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, October 17th. Finally, Barclays PLC reissued a “hold” rating and set a $45.00 price target on shares of Aramark in a research note on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Aramark currently has a consensus rating of “Buy” and a consensus price target of $45.17.
Aramark (NYSE:ARMK) opened at $43.25 on Wednesday. Aramark has a one year low of $32.73 and a one year high of $44.12. The company has a market capitalization of $10,649.82, a P/E ratio of 25.12, a P/E/G ratio of 1.80 and a beta of 0.50. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.00 and a current ratio of 1.30.
Aramark (NYSE:ARMK) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Aramark had a return on equity of 19.29% and a net margin of 2.37%. The business had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the prior year, the business posted $0.34 earnings per share. The company’s quarterly revenue was up .2% compared to the same quarter last year. equities analysts anticipate that Aramark will post 1.77 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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