Notable Insider Trading- Aramark (ARMK)

Aramark (NYSE:ARMK) insider has recently participated in insider trading activity. Director, MEHRA SANJEEV K bought 328 shares for $ 10,572 via one transaction     Feb 04 . Following the transaction, the insider now owns 1,436,590 shares in total, priced at $ 43356286.2 as of Tuesday. Another notable insider trading was done by the same insider on Feb 04. MEHRA SANJEEV K sold 328 shares at an average price of $32.23 for a total of $ 10,572. EVP, Human Resources, MCKEE LYNN sold 60,000 shares for $ 1,939,998 via one transaction Dec 18. Following the transaction, the insider now owns 355,199 shares in total, priced at $10719905.82 as of Tuesday. Another notable insider trading was done by the same insider on Dec 17. MCKEE LYNN sold 15,000 shares at an average price of $32.46 for a total of $486,935.

The stock has experienced a total of 55 insider trades in the past three months. These trades include 20 sell activities and 35 buy trades. Furthermore, over the past 12 months, the stock was traded 160 times by insiders. In 60 of these trades, the insider was a seller while an employee of the company was the buyer in just 100 instances.

On February 10, 2016, Aramark (ARMK) a global leader in food, facilities management and uniforms, reported first quarter fiscal results.

KEY HIGHLIGHTS

• GAAP sales of $3.7 billion, up 3% on an organic basis;


• Adjusted operating income of $262 million, an increase of 7%¹. GAAP operating income of $214 million;


• Adjusted earnings per share of $0.50, an increase of 9%¹. GAAP EPS of $0.38;


• Adjusted operating income margin increased to 7.1%, a 30 basis point improvement¹. GAAP operating income margin of 5.8%.


• Full year adjusted EPS expectations unchanged, $1.65 to $1.75.

The company experienced solid retention rates, strong new client wins and underlying base business expansion in the quarter.  Organic sales growth was broad based across the segments, with notable gains in North America coming from new client onboarding in Education and strong playoff activity in Sports, Leisure and Corrections.  FSS International’s organic growth was driven by strong expansion in Emerging Markets, particularly China. Organic sales in Uniform and Career Apparel continue to benefit from previously announced capacity expansion.

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’s managed services include dining, catering, food service management, convenience-oriented retail operations, grounds and facilities maintenance, custodial, energy and construction management, and capital project management. It also provides non-clinical support services, such as patient food and nutrition, and retail food services; and facilities services comprising clinical equipment maintenance, environmental, laundry and linen distribution, plant operations, strategic/technical, energy and supply chain management, purchasing, and central transportation.