Aramark Holdings Corp. (ARMK) Stake Increased by Victory Capital Management Inc.
Victory Capital Management Inc. raised its position in shares of Aramark Holdings Corp. (NYSE:ARMK) by 6,166.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,293,586 shares of the company’s stock after buying an additional 1,272,944 shares during the period. Victory Capital Management Inc.’s holdings in Aramark Holdings Corp. were worth $49,195,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Capital Fund Management S.A. increased its position in Aramark Holdings Corp. by 592.9% in the second quarter. Capital Fund Management S.A. now owns 307,666 shares of the company’s stock worth $10,282,000 after buying an additional 263,266 shares in the last quarter. Mondrian Investment Partners LTD purchased a new position in Aramark Holdings Corp. during the second quarter worth about $27,005,000. Polaris Greystone Financial Group LLC increased its position in Aramark Holdings Corp. by 13.0% in the second quarter. Polaris Greystone Financial Group LLC now owns 375,774 shares of the company’s stock worth $12,558,000 after buying an additional 43,105 shares in the last quarter. Gargoyle Investment Advisor L.L.C. increased its position in Aramark Holdings Corp. by 11.1% in the second quarter. Gargoyle Investment Advisor L.L.C. now owns 77,800 shares of the company’s stock worth $2,600,000 after buying an additional 7,800 shares in the last quarter. Finally, Legal & General Group Plc increased its position in Aramark Holdings Corp. by 21.0% in the first quarter. Legal & General Group Plc now owns 160,353 shares of the company’s stock worth $5,309,000 after buying an additional 27,837 shares in the last quarter. Institutional investors and hedge funds own 95.59% of the company’s stock.
Aramark Holdings Corp. (NYSE:ARMK) traded down 0.48% during mid-day trading on Wednesday, hitting $34.89. The stock had a trading volume of 157,558 shares. Aramark Holdings Corp. has a 12-month low of $29.18 and a 12-month high of $38.30. The stock has a market cap of $8.51 billion, a price-to-earnings ratio of 30.08 and a beta of 0.58. The company has a 50-day moving average of $36.24 and a 200-day moving average of $35.67.
Aramark Holdings Corp. (NYSE:ARMK) last announced its quarterly earnings data on Tuesday, November 15th. The company reported $0.49 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.49. The firm earned $3.54 billion during the quarter, compared to analyst estimates of $3.67 billion. Aramark Holdings Corp. had a return on equity of 18.96% and a net margin of 2.00%. Aramark Holdings Corp.’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the company earned $0.44 earnings per share. On average, analysts anticipate that Aramark Holdings Corp. will post $1.90 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Monday, November 28th will be issued a dividend of $0.103 per share. The ex-dividend date is Wednesday, November 23rd. This is a positive change from Aramark Holdings Corp.’s previous quarterly dividend of $0.10. This represents a $0.41 annualized dividend and a dividend yield of 1.18%. Aramark Holdings Corp.’s dividend payout ratio is 35.35%.
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A number of research analysts recently issued reports on ARMK shares. Zacks Investment Research upgraded Aramark Holdings Corp. from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Tuesday, October 4th. Macquarie initiated coverage on Aramark Holdings Corp. in a research report on Thursday, August 25th. They set an “outperform” rating and a $44.00 price objective for the company. Barclays PLC increased their price objective on Aramark Holdings Corp. from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Thursday, August 11th. RBC Capital Markets reaffirmed a “top pick” rating and set a $42.00 price objective (up from $40.00) on shares of Aramark Holdings Corp. in a research report on Saturday, August 13th. Finally, Bank of America Corp. increased their price objective on Aramark Holdings Corp. from $38.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Aramark Holdings Corp. currently has an average rating of “Buy” and an average target price of $40.92.
In other Aramark Holdings Corp. news, Chairman Eric J. Foss acquired 87,566 shares of Aramark Holdings Corp. stock in a transaction dated Monday, November 21st. The stock was acquired at an average cost of $34.50 per share, for a total transaction of $3,021,027.00. Following the completion of the transaction, the chairman now owns 1,514,253 shares in the company, valued at approximately $52,241,728.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen I. Sadove acquired 7,500 shares of Aramark Holdings Corp. stock in a transaction dated Thursday, November 17th. The shares were acquired 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 owns 22,489 shares of the company’s stock, valued at approximately $754,056.17. The disclosure for this purchase can be found here. Insiders own 2.50% 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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