ZWJ Investment Counsel Inc. Purchases 1,910 Shares of Aramark (NYSE:ARMK)

ZWJ Investment Counsel Inc. raised its position in Aramark (NYSE:ARMK) by 0.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 209,544 shares of the company’s stock after buying an additional 1,910 shares during the quarter. ZWJ Investment Counsel Inc. owned about 0.08% of Aramark worth $9,132,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ARMK. Sarasin & Partners LLP increased its holdings in Aramark by 84.1% in the 2nd quarter. Sarasin & Partners LLP now owns 3,937,962 shares of the company’s stock valued at $142,003,000 after buying an additional 1,798,783 shares during the period. Suvretta Capital Management LLC bought a new position in Aramark in the 2nd quarter valued at about $64,668,000. Nuveen Asset Management LLC bought a new position in Aramark in the 2nd quarter valued at about $54,938,000. Atlanta Capital Management Co. L L C grew its holdings in shares of Aramark by 8.6% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 18,465,497 shares of the company’s stock valued at $665,866,000 after purchasing an additional 1,456,182 shares during the last quarter. Finally, Marshall Wace North America L.P. grew its holdings in shares of Aramark by 277.3% during the 2nd quarter. Marshall Wace North America L.P. now owns 1,101,735 shares of the company’s stock valued at $39,729,000 after purchasing an additional 809,712 shares during the last quarter. 98.56% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:ARMK traded up $0.01 during mid-day trading on Wednesday, hitting $44.25. 32,289 shares of the company’s stock were exchanged, compared to its average volume of 2,283,268. The company has a 50 day simple moving average of $42.92 and a 200-day simple moving average of $36.64. The company has a current ratio of 1.22, a quick ratio of 1.04 and a debt-to-equity ratio of 2.19. Aramark has a fifty-two week low of $25.49 and a fifty-two week high of $44.80. The firm has a market capitalization of $10.92 billion, a P/E ratio of 22.25, a PEG ratio of 2.31 and a beta of 0.90.

Aramark (NYSE:ARMK) last posted its earnings results on Tuesday, August 6th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.39 by $0.08. Aramark had a net margin of 3.33% and a return on equity of 17.39%. The business had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same period last year, the company earned $0.48 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. As a group, analysts expect that Aramark will post 2.04 earnings per share for the current year.

In related news, insider Keith Bethel sold 7,500 shares of Aramark stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $37.40, for a total transaction of $280,500.00. Following the sale, the insider now directly owns 43,692 shares in the company, valued at approximately $1,634,080.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.50% of the stock is owned by company insiders.

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada set a $49.00 price target on shares of Aramark and gave the company a “buy” rating in a report on Monday, August 26th. Barclays lifted their price target on shares of Aramark from $35.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday, September 19th. They noted that the move was a valuation call. Robert W. Baird lifted their price target on shares of Aramark from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Zacks Investment Research lowered shares of Aramark from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. Finally, TheStreet raised shares of Aramark from a “c+” rating to a “b-” rating in a report on Friday, July 5th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Aramark presently has a consensus rating of “Buy” and a consensus target price of $45.58.

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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