Aramark (ARMK) VP James J. Tarangelo Sold 3,000 Shares of Shares

Aramark (ARMK) VP James J. Tarangelo Sold 3,000 Shares of Shares

Aramark (NYSE:ARMK) VP James J. Tarangelo sold 3,000 shares of the stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $37.15, for a total value of $111,450.00. Following the sale, the vice president now owns 2,871 shares of the company’s stock, valued at approximately $106,657.65. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of Aramark (NYSE:ARMK) traded up 0.62% during mid-day trading on Wednesday, reaching $37.26. 1,879,097 shares of the company’s stock traded hands. The company’s 50 day moving average is $36.71 and its 200-day moving average is $35.75. Aramark has a 52 week low of $31.38 and a 52 week high of $38.30. The firm has a market cap of $9.10 billion, a price-to-earnings ratio of 28.62 and a beta of 0.48.

Aramark (NYSE:ARMK) last announced its quarterly earnings results on Tuesday, May 9th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.08. The company had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.63 billion. Aramark had a net margin of 2.21% and a return on equity of 18.87%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the firm posted $0.39 earnings per share. Equities analysts expect that Aramark will post $1.96 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Stockholders of record on Wednesday, May 17th will be given a dividend of $0.103 per share. The ex-dividend date is Monday, May 15th. This represents a $0.41 dividend on an annualized basis and a dividend yield of 1.11%. Aramark’s dividend payout ratio is 32.03%.

ARMK has been the subject of a number of recent research reports. Zacks Investment Research upgraded Aramark from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Friday, May 12th. Deutsche Bank AG boosted their target price on shares of Aramark from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, May 10th. Finally, Goldman Sachs Group Inc raised shares of Aramark from a “buy” rating to a “conviction-buy” rating and set a $44.00 target price on the stock in a research note on Thursday, March 2nd. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $42.70.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Aramark by 4,277.8% in the first quarter. BlackRock Inc. now owns 12,453,306 shares of the company’s stock worth $459,151,000 after buying an additional 12,168,838 shares in the last quarter. Capital Research Global Investors purchased a new position in shares of Aramark during the third quarter worth $216,175,000. Price T Rowe Associates Inc. MD boosted its position in shares of Aramark by 64.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 13,287,679 shares of the company’s stock worth $505,330,000 after buying an additional 5,229,490 shares in the last quarter. Norges Bank purchased a new position in shares of Aramark during the fourth quarter worth $75,501,000. Finally, Thrivent Financial for Lutherans boosted its position in shares of Aramark by 677.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,996,340 shares of the company’s stock worth $71,309,000 after buying an additional 1,739,540 shares in the last quarter. 93.34% of the stock is currently owned by institutional investors.

About Aramark

Aramark is a global provider of 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).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ARMK”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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