Aramark (NYSE:ARMK) Shares Sold by Axa

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AXA decreased its position in shares of Aramark (NYSE:ARMK) by 46.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,200 shares of the company’s stock after selling 108,600 shares during the period. AXA owned approximately 0.05% of Aramark worth $4,479,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of ARMK. Thompson Siegel & Walmsley LLC grew its position in Aramark by 9,798.2% in the first quarter. Thompson Siegel & Walmsley LLC now owns 3,533,675 shares of the company’s stock worth $104,421,000 after acquiring an additional 3,497,975 shares in the last quarter. BlackRock Inc. grew its position in Aramark by 14.3% in the first quarter. BlackRock Inc. now owns 16,018,108 shares of the company’s stock worth $473,333,000 after acquiring an additional 2,006,743 shares in the last quarter. Sarasin & Partners LLP grew its position in Aramark by 84.1% in the second quarter. Sarasin & Partners LLP now owns 3,937,962 shares of the company’s stock worth $142,003,000 after acquiring an additional 1,798,783 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in Aramark by 3.9% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 18,458,058 shares of the company’s stock worth $665,597,000 after acquiring an additional 686,953 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in Aramark by 4.9% in the second quarter. Janus Henderson Group PLC now owns 10,008,714 shares of the company’s stock worth $360,913,000 after acquiring an additional 469,963 shares in the last quarter. Hedge funds and other institutional investors own 98.53% of the company’s stock.

NYSE:ARMK traded up $0.77 during trading hours on Friday, reaching $44.17. The company’s stock had a trading volume of 1,630,472 shares, compared to its average volume of 2,244,992. The company has a market capitalization of $10.56 billion, a P/E ratio of 22.20, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. Aramark has a 12 month low of $25.49 and a 12 month high of $44.40. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.04 and a current ratio of 1.22. The stock has a 50 day moving average price of $42.06 and a two-hundred day moving average price of $35.84.

Aramark (NYSE:ARMK) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.08. Aramark had a net margin of 3.33% and a return on equity of 17.39%. The company had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter in the previous year, the firm posted $0.48 earnings per share. Aramark’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, analysts predict that Aramark will post 2.04 EPS for the current fiscal year.

In other Aramark news, insider Keith Bethel sold 7,500 shares of Aramark stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $37.40, for a total value of $280,500.00. Following the transaction, the insider now directly 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 the SEC website. 3.30% of the stock is currently owned by insiders.

Several research analysts recently commented on ARMK shares. Stifel Nicolaus upgraded Aramark from a “hold” rating to a “buy” rating and lifted their price target for the stock from $36.00 to $49.00 in a research report on Monday, August 19th. Zacks Investment Research downgraded shares of Aramark from a “buy” rating to a “hold” rating in a research note on Wednesday. Nomura raised shares of Aramark from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $28.00 to $50.00 in a research note on Monday, August 19th. Morgan Stanley raised their price objective on shares of Aramark from $40.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, TheStreet raised shares of Aramark from a “c+” rating to a “b-” rating in a research note on Friday, July 5th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $45.58.

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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