Bradley Foster & Sargent Inc. CT purchased a new stake in Aramark (NYSE:ARMK) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 165,175 shares of the company’s stock, valued at approximately $7,106,000. Bradley Foster & Sargent Inc. CT owned approximately 0.07% of Aramark at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of ARMK. Jane Street Group LLC purchased a new position in shares of Aramark during the first quarter worth about $654,000. Principal Financial Group Inc. grew its holdings in shares of Aramark by 6.9% during the first quarter. Principal Financial Group Inc. now owns 863,967 shares of the company’s stock worth $34,178,000 after purchasing an additional 55,543 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Aramark by 1,148.8% during the first quarter. Allianz Asset Management GmbH now owns 85,290 shares of the company’s stock worth $3,374,000 after purchasing an additional 78,460 shares during the last quarter. DnB Asset Management AS grew its holdings in shares of Aramark by 6.3% during the second quarter. DnB Asset Management AS now owns 31,900 shares of the company’s stock worth $1,183,000 after purchasing an additional 1,900 shares during the last quarter. Finally, IFM Investors Pty Ltd grew its holdings in shares of Aramark by 55.9% during the second quarter. IFM Investors Pty Ltd now owns 11,681 shares of the company’s stock worth $433,000 after purchasing an additional 4,186 shares during the last quarter. Institutional investors own 98.09% of the company’s stock.
Shares of NYSE ARMK traded up $0.49 during midday trading on Wednesday, reaching $35.79. 4,719 shares of the company were exchanged, compared to its average volume of 2,190,203. The company has a quick ratio of 1.03, a current ratio of 1.36 and a debt-to-equity ratio of 2.74. Aramark has a 1 year low of $33.98 and a 1 year high of $46.09. The firm has a market cap of $8.52 billion, a P/E ratio of 20.21, a P/E/G ratio of 1.17 and a beta of 0.69.
In related news, EVP Stephen R. Reynolds sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $41.33, for a total transaction of $619,950.00. Following the transaction, the executive vice president now owns 47,058 shares of the company’s stock, valued at $1,944,907.14. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 3.30% of the company’s stock.
ARMK has been the topic of several research reports. Nomura raised their price objective on Aramark from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, September 7th. Credit Suisse Group initiated coverage on Aramark in a report on Friday, August 10th. They set an “outperform” rating and a $52.00 price objective on the stock. ValuEngine lowered Aramark from a “hold” rating to a “sell” rating in a report on Friday, October 26th. Sanford C. Bernstein initiated coverage on Aramark in a report on Monday, September 17th. They set an “outperform” rating and a $52.00 price objective on the stock. Finally, Zacks Investment Research lowered Aramark from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $47.44.
Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in North America and internationally. The company operates through three segments: Food and Support Services North America, Food and Support Services International, Uniform and Career Apparel.
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