Bradley Foster & Sargent Inc. CT Takes $7.11 Million Position in Aramark (ARMK)

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.



Aramark (NYSE:ARMK) last released its quarterly earnings results on Tuesday, August 7th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.05. Aramark had a return on equity of 17.37% and a net margin of 3.26%. The firm had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.92 billion. As a group, analysts anticipate that Aramark will post 1.99 earnings per share for the current year.

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 Profile

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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Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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