Comgest Global Investors S.A.S. raised its stake in shares of Aramark Holdings Corp. (NYSE:ARMK) by 63.0% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 88,000 shares of the company’s stock after buying an additional 34,000 shares during the period. Comgest Global Investors S.A.S.’s holdings in Aramark Holdings Corp. were worth $2,941,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the stock. Credit Agricole S A boosted its stake in shares of Aramark Holdings Corp. by 38.3% in the first quarter. Credit Agricole S A now owns 156,803 shares of the company’s stock valued at $5,192,000 after buying an additional 43,430 shares during the last quarter. M&T Bank Corp acquired a new stake in shares of Aramark Holdings Corp. during the first quarter valued at approximately $339,000. Monetary Management Group Inc. purchased a new position in Aramark Holdings Corp. during the first quarter valued at $321,000. JPMorgan Chase & Co. raised its position in Aramark Holdings Corp. by 129.6% in the first quarter. JPMorgan Chase & Co. now owns 4,398,886 shares of the company’s stock valued at $145,691,000 after buying an additional 2,483,289 shares during the period. Finally, Howard Hughes Medical Institute raised its position in Aramark Holdings Corp. by 10.1% in the first quarter. Howard Hughes Medical Institute now owns 64,030 shares of the company’s stock valued at $2,121,000 after buying an additional 5,892 shares during the period. Institutional investors and hedge funds own 94.26% of the company’s stock.
Aramark Holdings Corp. (NYSE:ARMK) traded up 0.69% during midday trading on Thursday, hitting $37.90. 1,672,091 shares of the stock were exchanged. Aramark Holdings Corp. has a one year low of $29.18 and a one year high of $38.30. The firm has a 50-day moving average price of $37.52 and a 200-day moving average price of $34.70. The stock has a market cap of $9.24 billion, a P/E ratio of 36.10 and a beta of 0.57.
Aramark Holdings Corp. (NYSE:ARMK) last issued its quarterly earnings results on Wednesday, August 10th. The company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.02. Aramark Holdings Corp. had a return on equity of 18.92% and a net margin of 1.81%. The firm earned $3.59 billion during the quarter, compared to the consensus estimate of $3.58 billion. During the same period last year, the company earned $0.29 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities research analysts anticipate that Aramark Holdings Corp. will post $1.71 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Tuesday, August 16th were issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend was Friday, August 12th. Aramark Holdings Corp.’s dividend payout ratio is presently 35.85%.
Several research firms have recently weighed in on ARMK. RBC Capital Markets reaffirmed a “top pick” rating and set a $42.00 target price (up from $40.00) on shares of Aramark Holdings Corp. in a report on Saturday, August 13th. Zacks Investment Research raised shares of Aramark Holdings Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 15th. Macquarie began coverage on shares of Aramark Holdings Corp. in a report on Thursday, August 25th. They set an “outperform” rating and a $44.00 target price for the company. Nomura lifted their target price on shares of Aramark Holdings Corp. from $40.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, August 11th. Finally, Bank of America Corp. lifted their target price on shares of Aramark Holdings Corp. from $38.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, August 11th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Aramark Holdings Corp. has a consensus rating of “Buy” and an average price target of $40.58.
In related news, EVP Stephen R. Reynolds sold 56,709 shares of the stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $36.97, for a total transaction of $2,096,531.73. Following the completion of the sale, the executive vice president now directly owns 171,175 shares of the company’s stock, valued at $6,328,339.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.50% of the company’s stock.
Aramark Holdings Corp. Company Profile
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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