Aramark (NYSE:ARMK) Shares Purchased by Raymond James & Associates

Raymond James & Associates boosted its position in Aramark (NYSE:ARMKFree Report) by 4.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,293 shares of the company’s stock after acquiring an additional 618 shares during the quarter. Raymond James & Associates’ holdings in Aramark were worth $572,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ARMK. Raymond James Financial Services Advisors Inc. boosted its holdings in Aramark by 31.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 8,279 shares of the company’s stock valued at $311,000 after acquiring an additional 2,002 shares during the last quarter. American Century Companies Inc. raised its position in Aramark by 17.0% in the first quarter. American Century Companies Inc. now owns 9,139 shares of the company’s stock valued at $344,000 after purchasing an additional 1,325 shares during the period. PNC Financial Services Group Inc. raised its position in Aramark by 35.9% in the first quarter. PNC Financial Services Group Inc. now owns 1,693 shares of the company’s stock valued at $64,000 after purchasing an additional 447 shares during the period. MetLife Investment Management LLC purchased a new position in Aramark in the first quarter valued at about $174,000. Finally, BlackRock Inc. raised its position in Aramark by 1.7% in the first quarter. BlackRock Inc. now owns 11,897,847 shares of the company’s stock valued at $447,358,000 after purchasing an additional 198,530 shares during the period.

Aramark Stock Up 0.1 %

Shares of Aramark stock opened at $28.02 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.30 and a debt-to-equity ratio of 2.12. The firm has a market cap of $7.31 billion, a P/E ratio of 13.54, a P/E/G ratio of 0.70 and a beta of 1.59. Aramark has a fifty-two week low of $23.95 and a fifty-two week high of $45.72. The business has a 50-day moving average price of $31.06 and a 200 day moving average price of $36.36.

Aramark (NYSE:ARMKGet Free Report) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.02. Aramark had a return on equity of 12.59% and a net margin of 2.97%. The firm had revenue of $4.75 billion during the quarter, compared to analyst estimates of $4.59 billion. During the same period in the previous year, the company earned $0.25 earnings per share. Aramark’s quarterly revenue was up 15.1% on a year-over-year basis. On average, sell-side analysts forecast that Aramark will post 1.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ARMK has been the topic of several research reports. Citigroup raised their price objective on Aramark from $33.93 to $36.50 and gave the company a “buy” rating in a research report on Tuesday, October 10th. Barclays raised their price objective on Aramark from $36.00 to $38.00 and gave the company an “underweight” rating in a research report on Thursday, August 10th. Morgan Stanley dropped their target price on Aramark from $44.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Monday, October 9th. Royal Bank of Canada dropped their target price on Aramark from $48.00 to $43.00 and set a “sector perform” rating on the stock in a research report on Monday, September 25th. Finally, Oppenheimer dropped their target price on Aramark from $50.00 to $28.00 and set an “outperform” rating on the stock in a research report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $34.58.

Read Our Latest Research Report on Aramark

About Aramark

(Free Report)

Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through three segments: Food and Support Services United States, Food and Support Services International, and Uniform and Career Apparel.

See Also

Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

Receive News & Ratings for Aramark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aramark and related companies with MarketBeat.com's FREE daily email newsletter.