Putnam FL Investment Management Co. Has $734,000 Stock Position in Aramark (NYSE:ARMK)

Putnam FL Investment Management Co. trimmed its holdings in shares of Aramark (NYSE:ARMK) by 19.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,846 shares of the company’s stock after selling 3,984 shares during the period. Putnam FL Investment Management Co.’s holdings in Aramark were worth $734,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of ARMK. Vanguard Group Inc. increased its position in Aramark by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 21,972,684 shares of the company’s stock worth $792,335,000 after purchasing an additional 120,447 shares during the last quarter. Atlanta Capital Management Co. L L C increased its position in Aramark by 8.6% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 18,465,497 shares of the company’s stock worth $665,866,000 after purchasing an additional 1,456,182 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in Aramark by 3.9% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 18,458,058 shares of the company’s stock worth $665,597,000 after purchasing an additional 686,953 shares during the last quarter. EdgePoint Investment Group Inc. increased its position in Aramark by 3.4% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 11,740,043 shares of the company’s stock worth $423,346,000 after purchasing an additional 386,986 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in Aramark by 4.9% in the 2nd quarter. Janus Henderson Group PLC now owns 10,008,714 shares of the company’s stock worth $360,913,000 after purchasing an additional 469,963 shares during the last quarter. 94.71% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have recently issued reports on the company. Zacks Investment Research downgraded Aramark from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Nomura upgraded Aramark from a “neutral” rating to a “buy” rating and upped their price target for the stock from $28.00 to $50.00 in a research note on Monday, August 19th. Oppenheimer assumed coverage on Aramark in a research note on Thursday, August 22nd. They set an “outperform” rating and a $50.00 price target for the company. Royal Bank of Canada set a $49.00 price target on Aramark and gave the stock a “buy” rating in a research note on Monday, August 26th. Finally, Stifel Nicolaus upgraded Aramark from a “hold” rating to a “buy” rating and upped their price target for the stock from $36.00 to $49.00 in a research note on Monday, August 19th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $45.27.

Shares of ARMK traded up $0.17 during trading hours on Thursday, hitting $43.41. 145,232 shares of the company were exchanged, compared to its average volume of 3,127,235. The company has a market cap of $10.67 billion, a PE ratio of 21.81, a PEG ratio of 2.22 and a beta of 0.89. The firm’s 50 day moving average is $43.53 and its 200-day moving average is $37.96. Aramark has a 52 week low of $25.49 and a 52 week high of $45.04. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.04 and a current ratio of 1.22.

Aramark Company Profile

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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