Cubist Systematic Strategies LLC Has $1.10 Million Stake in Aramark (ARMK)
Cubist Systematic Strategies LLC lifted its position in Aramark (NYSE:ARMK) by 105.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,166 shares of the company’s stock after purchasing an additional 13,952 shares during the period. Cubist Systematic Strategies LLC’s holdings in Aramark were worth $1,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Toronto Dominion Bank boosted its position in shares of Aramark by 19.0% during the second quarter. Toronto Dominion Bank now owns 3,027 shares of the company’s stock worth $124,000 after acquiring an additional 483 shares during the last quarter. Advisor Group Inc. boosted its position in shares of Aramark by 85.7% during the third quarter. Advisor Group Inc. now owns 3,342 shares of the company’s stock worth $136,000 after acquiring an additional 1,542 shares during the last quarter. Acrospire Investment Management LLC boosted its position 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 worth $149,000 after acquiring an additional 1,800 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Aramark by 8.3% during 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 last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Aramark during the third quarter worth $206,000. 95.46% of the stock is owned by hedge funds and other institutional investors.
In other Aramark news, Director Sanjeev K. Mehra acquired 19,640 shares of the stock in a transaction on Thursday, November 16th. The stock was acquired at an average price of $40.75 per share, for a total transaction of $800,330.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.90% of the stock is owned by company insiders.
Aramark (NYSE:ARMK) last released its quarterly earnings data on Tuesday, November 14th. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.02. Aramark had a net margin of 2.56% and a return on equity of 19.29%. The business had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same quarter last year, the business earned $0.49 earnings per share. Aramark’s quarterly revenue was up 3.1% compared to the same quarter last year. equities research analysts forecast that Aramark will post 1.96 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 7th. Shareholders of record on Monday, November 27th were given a dividend of $0.105 per share. The ex-dividend date was Friday, November 24th. This represents a $0.42 annualized dividend and a yield of 0.98%. This is a positive change from Aramark’s previous quarterly dividend of $0.10. Aramark’s dividend payout ratio (DPR) is 28.19%.
A number of equities analysts recently weighed in on ARMK shares. BidaskClub upgraded shares of Aramark from a “hold” rating to a “buy” rating in a research report on Wednesday, October 18th. Nomura upped their target price on shares of Aramark from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, October 17th. Royal Bank of Canada restated a “buy” rating on shares of Aramark in a research report on Thursday, October 5th. Stifel Nicolaus started coverage on shares of Aramark in a research report on Tuesday. They set a “buy” rating for the company. Finally, Zacks Investment Research upgraded shares of Aramark from a “sell” rating to a “hold” rating in a research report on Wednesday, November 22nd. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $44.83.
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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