Wells Fargo & Company MN reduced its position in Aramark Holdings Corp. (NYSE:ARMK) by 15.2% during the third quarter, Holdings Channel reports. The fund owned 3,347,747 shares of the company’s stock after selling 598,127 shares during the period. Wells Fargo & Company MN’s holdings in Aramark Holdings Corp. were worth $127,315,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in the company. OLD Mutual Customised Solutions Proprietary Ltd. bought a new stake in shares of Aramark Holdings Corp. during the second quarter worth $107,000. MU Investments Co. Ltd. bought a new stake in shares of Aramark Holdings Corp. during the second quarter worth $148,000. Daiwa Securities Group Inc. increased its stake in shares of Aramark Holdings Corp. by 11.5% in the second quarter. Daiwa Securities Group Inc. now owns 5,350 shares of the company’s stock worth $179,000 after buying an additional 550 shares in the last quarter. Invictus RG bought a new stake in shares of Aramark Holdings Corp. during the second quarter worth $185,000. Finally, US Bancorp DE increased its stake in shares of Aramark Holdings Corp. by 9.1% in the second quarter. US Bancorp DE now owns 5,760 shares of the company’s stock worth $193,000 after buying an additional 480 shares in the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Aramark Holdings Corp. (NYSE:ARMK) opened at 33.30 on Thursday. Aramark Holdings Corp. has a 12-month low of $29.18 and a 12-month high of $38.30. The company has a 50-day moving average of $35.41 and a 200 day moving average of $36.27. The company has a market cap of $8.15 billion, a PE ratio of 28.71 and a beta of 0.50.
Aramark Holdings Corp. (NYSE:ARMK) last posted its quarterly earnings results on Tuesday, November 15th. The company reported $0.49 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.49. Aramark Holdings Corp. had a return on equity of 18.96% and a net margin of 2.00%. The company had revenue of $3.54 billion for the quarter, compared to analysts’ expectations of $3.67 billion. During the same period in the previous year, the firm earned $0.44 EPS. The firm’s revenue was up .0% compared to the same quarter last year. On average, equities research analysts expect that Aramark Holdings Corp. will post $1.90 EPS for the current year.
A number of equities research analysts recently weighed in on ARMK shares. Zacks Investment Research downgraded shares of Aramark Holdings Corp. from a “hold” rating to a “sell” rating in a research note on Monday, October 17th. Royal Bank Of Canada reduced their price target on shares of Aramark Holdings Corp. from $42.00 to $41.00 and set a “top pick” rating on the stock in a research report on Wednesday, November 16th. RBC Capital Markets reiterated a “buy” rating and set a $41.00 price target (down from $42.00) on shares of Aramark Holdings Corp. in a research report on Wednesday, November 16th. Finally, Barclays PLC cut shares of Aramark Holdings Corp. from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $38.00 to $37.00 in a research report on Tuesday, January 10th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $40.67.
In other news, Chairman Eric J. Foss acquired 87,566 shares of the firm’s stock in a transaction dated Monday, November 21st. The shares were acquired at an average cost of $34.50 per share, with a total value of $3,021,027.00. Following the acquisition, the chairman now directly owns 1,514,253 shares of the company’s stock, valued at $52,241,728.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Stephen I. Sadove acquired 7,500 shares of the firm’s stock in a transaction dated Thursday, November 17th. The shares were purchased at an average cost of $33.53 per share, for a total transaction of $251,475.00. Following the completion of the acquisition, the director now directly owns 22,489 shares in the company, valued at $754,056.17. The disclosure for this purchase can be found here. 2.90% of the stock is owned by corporate insiders.
About Aramark Holdings Corp.
Aramark provides food, facilities and uniform services to education, healthcare, business and industry, and sports, leisure and corrections clients. The Company operates through three segments: Food and Support Services North America (FSS North America), Food and Support Services International (FSS International) and Uniform and Career Apparel (Uniform).
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