First Trust Advisors LP Has $11.32 Million Stake in Aramark (NYSE:ARMK)

First Trust Advisors LP grew its holdings in Aramark (NYSE:ARMK) by 89.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 383,178 shares of the company’s stock after purchasing an additional 180,801 shares during the quarter. First Trust Advisors LP owned about 0.16% of Aramark worth $11,323,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of ARMK. Lunia Capital LP boosted its stake in Aramark by 2,227.1% in the fourth quarter. Lunia Capital LP now owns 12,263,059 shares of the company’s stock worth $12,263,000 after purchasing an additional 11,736,091 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Aramark in the fourth quarter worth $235,350,000. Thompson Siegel & Walmsley LLC boosted its stake in Aramark by 9,798.2% in the first quarter. Thompson Siegel & Walmsley LLC now owns 3,533,675 shares of the company’s stock worth $104,421,000 after purchasing an additional 3,497,975 shares in the last quarter. Norges Bank acquired a new position in Aramark in the fourth quarter worth $76,441,000. Finally, Two Sigma Advisers LP boosted its stake in Aramark by 3,104.8% in the fourth quarter. Two Sigma Advisers LP now owns 2,563,701 shares of the company’s stock worth $74,270,000 after purchasing an additional 2,483,706 shares in the last quarter. 97.27% of the stock is currently owned by institutional investors.

Shares of ARMK traded down $0.37 during mid-day trading on Friday, reaching $35.82. The company’s stock had a trading volume of 2,086,625 shares, compared to its average volume of 2,084,139. The stock has a market cap of $8.92 billion, a PE ratio of 18.00, a P/E/G ratio of 1.95 and a beta of 0.89. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 2.21. Aramark has a 1-year low of $25.49 and a 1-year high of $43.70. The business’s 50-day moving average price is $35.41.

Aramark (NYSE:ARMK) last announced its earnings results on Tuesday, May 7th. The company reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.02. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $4.01 billion. Aramark had a return on equity of 17.31% and a net margin of 3.27%. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.48 earnings per share. As a group, research analysts predict that Aramark will post 2.03 EPS for the current fiscal year.

A number of equities analysts have commented on ARMK shares. Zacks Investment Research raised Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Tuesday. ValuEngine downgraded Willdan Group from a “buy” rating to a “hold” rating in a research report on Thursday, May 30th. TheStreet downgraded Primeenergy Resources from a “b-” rating to a “c” rating in a research report on Friday, July 5th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a GBX 2,280 ($29.79) price objective on shares of Anglo American in a report on Wednesday, May 8th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Aramark currently has an average rating of “Buy” and a consensus price target of $40.25.

About Aramark

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

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Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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