World Asset Management Inc purchased a new position in shares of Aramark (NYSE:ARMK) during the second quarter, Holdings Channel reports. The firm purchased 8,922 shares of the company’s stock, valued at approximately $201,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. US Bancorp DE boosted its holdings in shares of Aramark by 28.0% in the first quarter. US Bancorp DE now owns 2,539 shares of the company’s stock valued at $51,000 after acquiring an additional 555 shares during the period. Fort L.P. raised its position in Aramark by 25.8% in the 1st quarter. Fort L.P. now owns 2,749 shares of the company’s stock valued at $55,000 after purchasing an additional 564 shares during the last quarter. Cerebellum GP LLC purchased a new stake in Aramark in the 2nd quarter valued at $127,000. Quadrant Capital Group LLC grew its position in Aramark by 44.9% during the 4th quarter. Quadrant Capital Group LLC now owns 4,084 shares of the company’s stock worth $176,000 after purchasing an additional 1,265 shares during the last quarter. Finally, Column Capital Advisors LLC grew its position in Aramark by 20.7% during the 1st quarter. Column Capital Advisors LLC now owns 5,220 shares of the company’s stock worth $104,000 after purchasing an additional 895 shares during the last quarter. 98.30% of the stock is currently owned by institutional investors.

In other Aramark news, insider Keith Bethel sold 5,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $28.02, for a total transaction of $140,100.00. Following the sale, the insider now directly owns 50,837 shares in the company, valued at $1,424,452.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Thomas Gerard Ondrof bought 10,000 shares of the stock in a transaction on Friday, May 8th. The stock was purchased at an average cost of $24.99 per share, for a total transaction of $249,900.00. Following the acquisition, the chief financial officer now directly owns 27,709 shares of the company’s stock, valued at approximately $692,447.91. The disclosure for this purchase can be found here. Corporate insiders own 3.30% of the company’s stock.

NYSE:ARMK opened at $21.12 on Friday. Aramark has a 1 year low of $9.65 and a 1 year high of $47.22. The company has a debt-to-equity ratio of 2.48, a quick ratio of 1.42 and a current ratio of 1.59. The stock has a fifty day moving average price of $22.85 and a two-hundred day moving average price of $28.77. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 12.00 and a beta of 1.64.

Aramark (NYSE:ARMK) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.01. Aramark had a net margin of 0.70% and a return on equity of 15.52%. The business had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same period in the prior year, the company posted $0.45 EPS. The business’s revenue for the quarter was down 6.7% on a year-over-year basis. On average, analysts predict that Aramark will post 0.33 EPS for the current year.

Several brokerages have recently weighed in on ARMK. Credit Suisse Group reiterated a “buy” rating and set a $30.00 target price on shares of Aramark in a research note on Thursday, April 23rd. Oppenheimer reaffirmed a “buy” rating and set a $30.00 price objective on shares of Aramark in a research note on Wednesday, April 22nd. Robert W. Baird lowered their target price on Aramark from $25.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Morgan Stanley dropped their target price on Aramark from $26.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, July 10th. Finally, ValuEngine raised Aramark from a “sell” rating to a “hold” rating in a report on Friday, May 1st. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $34.38.

Aramark Company Profile

Aramark provides food, facilities management, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in North America and internationally. It operates in three segments: Food and Support Services United States, Food and Support Services International, and Uniform and Career Apparel.

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Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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