Aramark (NYSE:ARMK) Shares Purchased by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado increased its position in shares of Aramark (NYSE:ARMK) by 19.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 810,174 shares of the company’s stock after acquiring an additional 129,939 shares during the quarter. Public Employees Retirement Association of Colorado owned approximately 0.31% of Aramark worth $26,347,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of Aramark by 7.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 166,589 shares of the company’s stock valued at $5,418,000 after purchasing an additional 11,062 shares during the last quarter. Magnetar Financial LLC purchased a new position in shares of Aramark in the 1st quarter valued at $308,000. Capital International Sarl purchased a new position in shares of Aramark in the 1st quarter valued at $300,000. Capital International Investors raised its stake in shares of Aramark by 0.4% in the 1st quarter. Capital International Investors now owns 23,712,814 shares of the company’s stock valued at $771,141,000 after acquiring an additional 98,506 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its stake in shares of Aramark by 3.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 205,714 shares of the company’s stock valued at $6,689,000 after acquiring an additional 6,289 shares during the period.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Oppenheimer raised their target price on shares of Aramark from $36.00 to $39.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Robert W. Baird lifted their price target on shares of Aramark from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. Finally, UBS Group lifted their price target on shares of Aramark from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, June 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $34.89.

Aramark Stock Performance

Aramark stock traded up $0.27 during midday trading on Monday, reaching $33.92. 540,909 shares of the stock traded hands, compared to its average volume of 2,322,662. The company has a current ratio of 1.25, a quick ratio of 1.11 and a debt-to-equity ratio of 2.03. The firm has a fifty day moving average price of $33.01 and a two-hundred day moving average price of $31.73. The firm has a market cap of $8.92 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 1.35 and a beta of 1.59. Aramark has a fifty-two week low of $23.95 and a fifty-two week high of $34.37.

Aramark (NYSE:ARMK) last posted its earnings results on Tuesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. The firm had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.25 billion. Aramark had a net margin of 3.43% and a return on equity of 13.82%. On average, equities research analysts forecast that Aramark will post 1.57 earnings per share for the current year.

Aramark Company Profile

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.