The COB, Pres & CEO of ARAMARK Holdings (NYSE: ARMK) is Buying Shares

By Carrie Williams

Today, the COB, Pres & CEO of ARAMARK Holdings (NYSE: ARMK), Eric Foss, bought shares of ARMK for $3.02M.

This recent transaction increases Eric Foss’ holding in the company by 5.74% to a total of $53.44 million. In addition to Eric Foss, 2 other ARMK executives reported Buy trades in the last month.

The company has a one year high of $38.30 and a one year low of $29.18. ARMK’s market cap is $8.3B and the company has a P/E ratio of 29.38. Currently, ARAMARK Holdings has an average volume of 3.1M.

11 different firms, including Barclays and Merrill Lynch, currently also have a Buy rating on the stock. Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $39.33, reflecting a -12.4% downside. Starting in August 2016, ARMK received 6 Buy ratings in a row.

The insider sentiment on ARAMARK Holdings has been negative according to 135 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Aramark engages in the provision of food, facilities, and uniform services to education, healthcare, business, sports, leisure, and corrections clients. It operates through the following segments: Food and Support Services North America; Food and Support Services International; Uniform & Career Apparel. The Food and Support Services North America segment provides food and facilities services to colleges, universities, schools, hospitals, nursing homes, offices, concert venues, and correctional facilities in North America. The Food and Support Services International segment offers dining, catering, and facilities management services to schools, hospitals, nursing homes, office parks and buildings, arenas, stadiums, and correctional centers in the United Kingdom, Germany, Chile, China, and Ireland. The Uniform & Career Apparel segment designs, manufactures, and delivers uniforms and work clothes. The company was founded in 1959 and is headquartered in Philadelphia, PA.