DnB Asset Management AS held its position in Aramark Holdings Corp. (NYSE:ARMK) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,900 shares of the company’s stock at the end of the third quarter. DnB Asset Management AS’s holdings in Aramark Holdings Corp. were worth $605,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ARMK. Sumitomo Mitsui Asset Management Company LTD raised its position in Aramark Holdings Corp. by 2.7% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 15,247 shares of the company’s stock worth $509,000 after buying an additional 408 shares during the period. US Bancorp DE raised its position in 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 during the period. Daiwa Securities Group Inc. raised its position in 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 during the period. Prudential Financial Inc. raised its position in Aramark Holdings Corp. by 6.0% in the second quarter. Prudential Financial Inc. now owns 14,190 shares of the company’s stock worth $474,000 after buying an additional 800 shares during the period. Finally, State of Alaska Department of Revenue raised its position in Aramark Holdings Corp. by 6.1% in the third quarter. State of Alaska Department of Revenue now owns 14,485 shares of the company’s stock worth $550,000 after buying an additional 835 shares during the period. 94.05% of the stock is currently owned by institutional investors and hedge funds.
Aramark Holdings Corp. (NYSE:ARMK) traded down 0.33% during midday trading on Thursday, hitting $33.19. 1,834,885 shares of the stock traded hands. Aramark Holdings Corp. has a one year low of $29.18 and a one year high of $38.30. The company’s 50-day moving average is $35.36 and its 200-day moving average is $36.24. The company has a market cap of $8.12 billion, a PE ratio of 28.61 and a beta of 0.50.
Aramark Holdings Corp. (NYSE:ARMK) last issued its quarterly earnings results on Tuesday, November 15th. The company reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. Aramark Holdings Corp. had a net margin of 2.00% and a return on equity of 18.96%. The firm earned $3.54 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same quarter in the prior year, the business posted $0.44 earnings per share. Aramark Holdings Corp.’s revenue for the quarter was up .0% compared to the same quarter last year. Equities research analysts expect that Aramark Holdings Corp. will post $1.91 EPS for the current fiscal year.
A number of brokerages have recently issued reports on ARMK. Zacks Investment Research upgraded shares of Aramark Holdings Corp. from a “sell” rating to a “hold” rating in a report on Wednesday. Royal Bank Of Canada cut their price target on shares of Aramark Holdings Corp. from $42.00 to $41.00 and set a “top pick” rating for the company in a report on Wednesday, November 16th. Barclays PLC downgraded shares of Aramark Holdings Corp. from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $38.00 to $37.00 in a report on Tuesday, January 10th. Finally, RBC Capital Markets reiterated a “buy” rating and issued a $41.00 target price (down previously from $42.00) on shares of Aramark Holdings Corp. in a report on Wednesday, November 16th. Four equities research 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’s stock. The company has an average rating of “Buy” and a consensus target price of $40.67.
In other Aramark Holdings Corp. news, Director Stephen I. Sadove acquired 7,500 shares of the company’s stock in a transaction dated Thursday, November 17th. The stock was bought at an average price of $33.53 per share, with a total value of $251,475.00. Following the completion of the transaction, the director now directly owns 22,489 shares of the company’s stock, valued at $754,056.17. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Eric J. Foss acquired 87,566 shares of the company’s stock in a transaction dated Monday, November 21st. The stock was acquired at an average cost of $34.50 per share, with a total value of $3,021,027.00. Following the transaction, the chairman now directly owns 1,514,253 shares of the company’s stock, valued at $52,241,728.50. The disclosure for this purchase can be found here. Corporate insiders own 2.90% of the company’s stock.
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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