Deprince Race & Zollo Inc. Acquires New Stake in Aramark (ARMK)

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.

In other Aramark news, VP Stephen P. Bramlage, Jr. bought 3,195 shares of the firm’s stock in a transaction that occurred on Thursday, February 14th. The shares were bought at an average price of $31.26 per share, with a total value of $99,875.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Lynn Mckee sold 43,915 shares of Aramark stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $29.58, for a total value of $1,299,005.70. The disclosure for this sale can be found here. 3.50% of the stock is owned by company insiders.

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 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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