Corsair Capital Management L.P. Sells 14,776 Shares of Aramark (ARMK)

Corsair Capital Management L.P. lessened its holdings in shares of Aramark (NYSE:ARMK) by 6.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 205,492 shares of the company’s stock after selling 14,776 shares during the quarter. Aramark makes up about 2.0% of Corsair Capital Management L.P.’s portfolio, making the stock its 23rd biggest holding. Corsair Capital Management L.P.’s holdings in Aramark were worth $8,840,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Waratah Capital Advisors Ltd. acquired a new stake in Aramark during the 3rd quarter worth $3,599,000. Quantum Capital Management acquired a new stake in Aramark during the 2nd quarter worth $841,000. Jane Street Group LLC boosted its stake in Aramark by 27.1% during the 2nd quarter. Jane Street Group LLC now owns 21,018 shares of the company’s stock worth $780,000 after purchasing an additional 4,485 shares during the last quarter. BP PLC acquired a new stake in Aramark during the 3rd quarter worth $1,161,000. Finally, Private Advisor Group LLC boosted its stake in Aramark by 951.0% during the 2nd quarter. Private Advisor Group LLC now owns 99,580 shares of the company’s stock worth $3,695,000 after purchasing an additional 90,105 shares during the last quarter. 99.63% of the stock is currently owned by institutional investors.

Shares of ARMK stock opened at $37.65 on Friday. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.87 and a current ratio of 1.17. The stock has a market cap of $9.25 billion, a PE ratio of 18.75, a PEG ratio of 1.35 and a beta of 0.89. Aramark has a twelve month low of $33.98 and a twelve month high of $46.09.



Aramark (NYSE:ARMK) last announced its quarterly earnings results on Tuesday, November 13th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.03. The firm had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.96 billion. Aramark had a net margin of 3.60% and a return on equity of 17.76%. The company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS. As a group, analysts forecast that Aramark will post 2.26 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 6th. Stockholders of record on Monday, November 26th were given a dividend of $0.11 per share. This is a boost from Aramark’s previous quarterly dividend of $0.11. The ex-dividend date was Friday, November 23rd. This represents a $0.44 annualized dividend and a dividend yield of 1.17%. Aramark’s payout ratio is presently 22.11%.

Several brokerages have issued reports on ARMK. Zacks Investment Research cut shares of Aramark from a “hold” rating to a “sell” rating in a research note on Thursday, November 29th. ValuEngine raised shares of Aramark from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st. Nomura lowered their target price on shares of Aramark from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Thursday, November 15th. Royal Bank of Canada began coverage on shares of Aramark in a research note on Monday, November 19th. They set an “outperform” rating and a $47.00 target price on the stock. Finally, JPMorgan Chase & Co. lowered their target price on shares of Aramark from $53.00 to $48.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $47.30.

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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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