Tower Research Capital LLC TRC Grows Stock Holdings in Aramark (NYSE:ARMK)

Tower Research Capital LLC TRC increased its holdings in shares of Aramark (NYSE:ARMK) by 125.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,746 shares of the company’s stock after purchasing an additional 8,191 shares during the period. Tower Research Capital LLC TRC’s holdings in Aramark were worth $550,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund raised its position in Aramark by 0.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 53,654 shares of the company’s stock valued at $2,002,000 after purchasing an additional 276 shares during the period. Jones Financial Companies Lllp raised its position in Aramark by 45.7% in the fourth quarter. Jones Financial Companies Lllp now owns 988 shares of the company’s stock valued at $37,000 after purchasing an additional 310 shares during the period. Bessemer Group Inc. raised its position in Aramark by 93.0% in the fourth quarter. Bessemer Group Inc. now owns 770 shares of the company’s stock valued at $29,000 after purchasing an additional 371 shares during the period. CIBC Asset Management Inc raised its position in Aramark by 5.1% in the fourth quarter. CIBC Asset Management Inc now owns 8,012 shares of the company’s stock valued at $299,000 after purchasing an additional 391 shares during the period. Finally, Mariner LLC raised its position in Aramark by 3.0% in the fourth quarter. Mariner LLC now owns 15,029 shares of the company’s stock valued at $561,000 after purchasing an additional 444 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $47.00 price objective on shares of Aramark in a research report on Thursday, February 6th. UBS Group lowered their target price on Aramark from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, April 11th. StockNews.com downgraded Aramark from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, Citigroup began coverage on Aramark in a research note on Monday, February 24th. They set a “buy” rating and a $48.00 target price for the company. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.08.

Aramark Price Performance

Shares of NYSE:ARMK opened at $33.02 on Tuesday. Aramark has a 12 month low of $29.82 and a 12 month high of $42.49. The stock has a market cap of $8.75 billion, a price-to-earnings ratio of 26.00 and a beta of 1.37. The stock’s 50 day moving average price is $34.19 and its 200 day moving average price is $37.10. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.94 and a quick ratio of 0.84.

Aramark (NYSE:ARMK) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The company had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.61 billion. Aramark had a return on equity of 14.72% and a net margin of 1.94%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 earnings per share. Equities research analysts anticipate that Aramark will post 1.92 earnings per share for the current fiscal year.

Aramark Company Profile

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.