IFM Investors Pty Ltd increased its position in Aramark (NYSE:ARMK) by 34.8% in the third quarter, Holdings Channel reports. The firm owned 27,466 shares of the company’s stock after purchasing an additional 7,087 shares during the quarter. IFM Investors Pty Ltd’s holdings in Aramark were worth $1,197,000 as of its most recent SEC filing.
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A number of other large investors have also recently bought and sold shares of ARMK. Cullen Frost Bankers Inc. acquired a new position in Aramark in the second quarter worth about $32,000. AdvisorNet Financial Inc raised its holdings in shares of Aramark by 18.1% during the third quarter. AdvisorNet Financial Inc now owns 1,807 shares of the company’s stock valued at $79,000 after buying an additional 277 shares during the last quarter. Quest Capital Management Inc. ADV bought a new stake in Aramark during the third quarter worth approximately $117,000. Cerebellum GP LLC bought a new stake in Aramark during the third quarter worth approximately $127,000. Finally, Squar Milner Financial Services LLC raised its holdings in Aramark by 8.4% during the second quarter. Squar Milner Financial Services LLC now owns 3,712 shares of the company’s stock worth $134,000 after purchasing an additional 288 shares in the last quarter. Institutional investors and hedge funds own 98.18% of the company’s stock.
Several brokerages recently commented on ARMK. Barclays boosted their target price on Aramark from $35.00 to $45.00 and gave the stock an “equal weight” rating in a report on Thursday, September 19th. They noted that the move was a valuation call. Robert W. Baird boosted their target price on Aramark from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Royal Bank of Canada set a $49.00 target price on Aramark and gave the stock a “buy” rating in a report on Monday, August 26th. Morgan Stanley boosted their target price on Aramark from $40.00 to $43.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Finally, Zacks Investment Research cut Aramark from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $45.27.
In other Aramark news, insider Keith Bethel sold 7,500 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $37.40, for a total value of $280,500.00. Following the transaction, the insider now owns 43,692 shares of the company’s stock, valued at $1,634,080.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.30% of the stock is currently owned by corporate insiders.
Shares of NYSE ARMK traded down $0.34 during trading on Friday, hitting $42.99. The company had a trading volume of 1,735,926 shares, compared to its average volume of 3,218,916. The company has a market cap of $10.75 billion, a P/E ratio of 21.60, a PEG ratio of 2.26 and a beta of 0.89. Aramark has a 52 week low of $25.49 and a 52 week high of $45.04. The business’s 50-day moving average is $43.48 and its 200 day moving average is $37.73. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.04 and a current ratio of 1.22.
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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