Unigestion Holding SA lessened its holdings in Aramark (NYSE:ARMK) by 75.1% during the third quarter, Holdings Channel reports. The fund owned 141,639 shares of the company’s stock after selling 428,003 shares during the quarter. Unigestion Holding SA’s holdings in Aramark were worth $6,093,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in Aramark by 6.9% in the 1st quarter. Principal Financial Group Inc. now owns 863,967 shares of the company’s stock worth $34,178,000 after buying an additional 55,543 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in Aramark by 1,148.8% in the 1st quarter. Allianz Asset Management GmbH now owns 85,290 shares of the company’s stock worth $3,374,000 after buying an additional 78,460 shares during the last quarter. DnB Asset Management AS boosted its stake in Aramark by 6.3% in the 2nd quarter. DnB Asset Management AS now owns 31,900 shares of the company’s stock worth $1,183,000 after buying an additional 1,900 shares during the last quarter. IFM Investors Pty Ltd boosted its stake in Aramark by 55.9% in the 2nd quarter. IFM Investors Pty Ltd now owns 11,681 shares of the company’s stock worth $433,000 after buying an additional 4,186 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Aramark by 24.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 58,171 shares of the company’s stock worth $2,157,000 after buying an additional 11,490 shares during the last quarter. Institutional investors own 97.37% of the company’s stock.

A number of analysts have issued reports on the company. Robert W. Baird lowered Aramark from an “outperform” rating to a “neutral” rating and set a $37.00 price target on the stock. in a research note on Wednesday, August 8th. ValuEngine upgraded Aramark from a “sell” rating to a “hold” rating in a report on Friday, July 20th. Morgan Stanley restated a “hold” rating and issued a $45.00 price objective (up from $44.00) on shares of Aramark in a report on Thursday, September 13th. Zacks Investment Research upgraded Aramark from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. Finally, Barclays cut their price objective on Aramark from $47.00 to $42.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $47.44.

Aramark stock opened at $35.60 on Friday. The stock has a market capitalization of $8.88 billion, a PE ratio of 20.11, a PEG ratio of 1.21 and a beta of 0.88. The company has a current ratio of 1.36, a quick ratio of 1.03 and a debt-to-equity ratio of 2.74. Aramark has a 12 month low of $33.98 and a 12 month high of $46.09.

Aramark (NYSE:ARMK) last released its quarterly earnings data on Tuesday, August 7th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. The company had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.92 billion. Aramark had a return on equity of 17.37% and a net margin of 3.26%. On average, equities analysts forecast that Aramark will post 1.99 earnings per share for the current fiscal year.

In other news, EVP Stephen R. Reynolds sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $41.33, for a total value of $619,950.00. Following the transaction, the executive vice president now directly owns 47,058 shares in the company, valued at approximately $1,944,907.14. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.90% of the company’s stock.

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About Aramark

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

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Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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