Mountain Pacific Investment Advisers Inc. ID boosted its stake in Aramark (NYSE:ARMK) by 1.7% in the fourth quarter, Holdings Channel reports. The fund owned 475,272 shares of the company’s stock after buying an additional 7,907 shares during the quarter. Aramark comprises about 2.1% of Mountain Pacific Investment Advisers Inc. ID’s portfolio, making the stock its 17th largest holding. Mountain Pacific Investment Advisers Inc. ID’s holdings in Aramark were worth $20,313,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Toronto Dominion Bank lifted its position in Aramark by 19.0% in the second quarter. Toronto Dominion Bank now owns 3,027 shares of the company’s stock valued at $124,000 after acquiring an additional 483 shares during the last quarter. Advisor Group Inc. lifted its position in Aramark by 85.7% in the third quarter. Advisor Group Inc. now owns 3,342 shares of the company’s stock valued at $136,000 after acquiring an additional 1,542 shares during the last quarter. Highlander Capital Management LLC purchased a new stake in Aramark in the third quarter valued at $203,000. Crossmark Global Holdings Inc. purchased a new stake in Aramark in the third quarter valued at $206,000. Finally, First Republic Investment Management Inc. purchased a new stake in Aramark in the third quarter valued at $206,000. 95.30% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Sanjeev K. Mehra purchased 19,640 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were acquired at an average cost of $40.75 per share, for a total transaction of $800,330.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.30% of the company’s stock.

Shares of Aramark (NYSE ARMK) traded up $0.13 during trading hours on Tuesday, hitting $45.57. 302,356 shares of the stock were exchanged, compared to its average volume of 1,238,929. Aramark has a 1-year low of $32.87 and a 1-year high of $45.47. The company has a quick ratio of 0.86, a current ratio of 1.12 and a debt-to-equity ratio of 2.11. The stock has a market capitalization of $11,144.69, a PE ratio of 30.58, a price-to-earnings-growth ratio of 1.93 and a beta of 0.47.

Aramark (NYSE:ARMK) last issued its quarterly earnings results on Tuesday, November 14th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $3.70 billion. During the same period in the previous year, the business posted $0.49 earnings per share. The business’s revenue was up 3.1% compared to the same quarter last year. equities research analysts forecast that Aramark will post 1.96 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on the stock. Royal Bank of Canada reaffirmed a “buy” rating on shares of Aramark in a report on Thursday, October 5th. Nomura upped their target price on shares of Aramark from $45.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday, October 17th. BidaskClub raised shares of Aramark from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. Zacks Investment Research cut shares of Aramark from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 18th. Finally, Barclays reaffirmed a “hold” rating and issued a $45.00 target price on shares of Aramark in a report on Thursday, October 19th. Three investment 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. Aramark has an average rating of “Buy” and a consensus target price of $46.43.

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Aramark Company Profile

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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Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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