Cipher Capital LP Has $1.74 Million Holdings in Aramark (ARMK)
Cipher Capital LP reduced its stake in Aramark (NYSE:ARMK) by 43.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,839 shares of the company’s stock after selling 32,889 shares during the period. Cipher Capital LP’s holdings in Aramark were worth $1,740,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in ARMK. Toronto Dominion Bank increased its stake in Aramark by 19.0% in the 2nd quarter. Toronto Dominion Bank now owns 3,027 shares of the company’s stock worth $124,000 after purchasing an additional 483 shares during the period. Advisor Group Inc. increased its stake in shares of Aramark by 85.7% during the third quarter. Advisor Group Inc. now owns 3,342 shares of the company’s stock valued at $136,000 after buying an additional 1,542 shares during the period. Acrospire Investment Management LLC increased its stake in shares of Aramark by 98.5% during the second quarter. Acrospire Investment Management LLC now owns 3,628 shares of the company’s stock valued at $149,000 after buying an additional 1,800 shares during the period. Pacer Advisors Inc. increased its stake in shares of Aramark by 8.3% during the second quarter. Pacer Advisors Inc. now owns 4,871 shares of the company’s stock valued at $200,000 after buying an additional 374 shares during the period. Finally, Parametrica Management Ltd purchased a new position in shares of Aramark during the second quarter valued at approximately $202,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.
In other Aramark news, Director Sanjeev K. Mehra purchased 19,640 shares of the stock in a transaction dated Thursday, November 16th. The shares were purchased at an average cost of $40.75 per share, with a total value of $800,330.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.90% of the company’s stock.
Several equities analysts have recently issued reports on ARMK shares. Zacks Investment Research cut Aramark from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 18th. BidaskClub cut Aramark from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Aramark in a research note on Thursday, October 5th. Nomura upped their price target on Aramark from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Tuesday, October 17th. Finally, Barclays PLC reaffirmed a “hold” rating and issued a $45.00 price target on shares of Aramark in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $44.83.
Shares of Aramark (NYSE ARMK) opened at $41.26 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.30 and a debt-to-equity ratio of 2.34. Aramark has a 1-year low of $32.87 and a 1-year high of $44.12. The company has a market capitalization of $10,090.98, a price-to-earnings ratio of 23.26, a price-to-earnings-growth ratio of 1.72 and a beta of 0.50.
Aramark (NYSE:ARMK) last announced its quarterly earnings results on Tuesday, November 14th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. The firm had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.70 billion. Aramark had a return on equity of 19.69% and a net margin of 2.56%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 earnings per share. sell-side analysts anticipate that Aramark will post 2 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Monday, November 27th will be issued a dividend of $0.105 per share. This is an increase from Aramark’s previous quarterly dividend of $0.10. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, November 24th. Aramark’s dividend payout ratio is presently 27.52%.
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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