Deprince Race & Zollo Inc. acquired a new stake in shares of Aramark (NYSE:ARMK) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 37,740 shares of the company’s stock, valued at approximately $1,115,000.
Other institutional investors have also added to or reduced their stakes in the company. First Hawaiian Bank lifted its holdings in Aramark by 48.3% in the fourth quarter. First Hawaiian Bank now owns 1,366 shares of the company’s stock valued at $40,000 after acquiring an additional 445 shares during the period. Pearl River Capital LLC bought a new position in Aramark in the fourth quarter valued at about $72,000. Kinneret Advisory LLC bought a new position in Aramark in the fourth quarter valued at about $83,000. Captrust Financial Advisors lifted its holdings in Aramark by 236.4% in the third quarter. Captrust Financial Advisors now owns 4,413 shares of the company’s stock valued at $190,000 after acquiring an additional 3,101 shares during the period. Finally, FNY Investment Advisers LLC lifted its holdings in Aramark by 204.3% in the fourth quarter. FNY Investment Advisers LLC now owns 7,000 shares of the company’s stock valued at $202,000 after acquiring an additional 4,700 shares during the period.
A number of research analysts have weighed in on ARMK shares. TheStreet downgraded Aramark from a “b-” rating to a “c+” rating in a report on Thursday, December 27th. Morgan Stanley set a $34.00 target price on Aramark and gave the company a “hold” rating in a report on Tuesday, January 8th. Berenberg Bank raised Aramark from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Thursday, January 17th. Zacks Investment Research raised Aramark from a “sell” rating to a “hold” rating in a report on Friday, January 18th. Finally, Credit Suisse Group lowered their target price on Aramark from $53.00 to $44.00 and set an “outperform” rating on the stock in a report on Wednesday, February 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. Aramark has a consensus rating of “Buy” and an average target price of $40.17.
NYSE ARMK opened at $31.65 on Friday. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.04 and a current ratio of 1.21. Aramark has a 52 week low of $27.37 and a 52 week high of $43.70. The stock has a market capitalization of $7.80 billion, a PE ratio of 15.90, a P/E/G ratio of 1.45 and a beta of 1.10.
Aramark (NYSE:ARMK) last posted its quarterly earnings data on Tuesday, February 5th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.55 by $0.08. Aramark had a return on equity of 17.81% and a net margin of 3.27%. The firm had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.19 billion. During the same quarter last year, the company earned $0.59 earnings per share. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities analysts predict that Aramark will post 2.12 EPS for the current fiscal year.
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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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