Arrow Electronics, Inc. (ARW) Is At $80.72 Formed Wedge; Kensico Capital Management Has Lifted Aramark (ARMK) Stake By $9.60 Million

July 17, 2017 - By Clifton Ray

Kensico Capital Management Corp increased Aramark (ARMK) stake by 3.21% reported in 2016Q4 SEC filing. Kensico Capital Management Corp acquired 274,400 shares as Aramark (ARMK)’s stock rose 2.38%. The Kensico Capital Management Corp holds 8.83 million shares with $315.50 million value, up from 8.56 million last quarter. Aramark now has $9.90 billion valuation. The stock increased 0.47% or $0.19 on July 14, reaching $40.39. About shares traded. Aramark (NYSE:ARMK) has risen 13.66% since July 17, 2016 and is uptrending. It has underperformed by 3.04% the S&P500.

Arrow Electronics, Inc. (ARW) formed wedge up with $87.18 target or 8.00% above today’s $80.72 share price. Arrow Electronics, Inc. (ARW) has $7.24 billion valuation. The stock increased 0.98% or $0.78 on July 14, reaching $80.72. About shares traded. Arrow Electronics, Inc. (NYSE:ARW) has risen 21.10% since July 17, 2016 and is uptrending. It has outperformed by 4.40% the S&P500.

Since February 23, 2017, it had 0 insider buys, and 6 insider sales for $10.33 million activity. On Thursday, May 25 Tarangelo James J. sold $111,441 worth of Aramark (NYSE:ARMK) or 3,000 shares. Another trade for 10,629 shares valued at $433,710 was made by Pressler Brian P on Friday, June 16. MCKEE LYNN also sold $4.21 million worth of Aramark (NYSE:ARMK) shares. Shares for $501,010 were sold by Reynolds Stephen R on Thursday, February 23.

Investors sentiment increased to 1.16 in Q4 2016. Its up 0.12, from 1.04 in 2016Q3. It improved, as 44 investors sold ARMK shares while 84 reduced holdings. 35 funds opened positions while 113 raised stakes. 229.60 million shares or 0.34% more from 228.81 million shares in 2016Q3 were reported. The New York-based Sg Americas Securities Limited Liability Company has invested 0% in Aramark (NYSE:ARMK). Utah Retirement Sys invested in 44,100 shares or 0.04% of the stock. Howard Hughes Medical Institute holds 0.5% or 61,653 shares in its portfolio. Asset Management One Limited has invested 0.04% in Aramark (NYSE:ARMK). Shikiar Asset Management has 2.88% invested in Aramark (NYSE:ARMK) for 184,070 shares. Bank Of America De accumulated 1.51M shares or 0.01% of the stock. Janus Capital Mgmt Ltd invested in 4.78M shares or 0.14% of the stock. Legal And General Public Ltd Liability Com reported 258,950 shares stake. State Bank Of Montreal Can holds 21,244 shares or 0% of its portfolio. Td Asset has 168,273 shares. Mountain Pacific Inv Advisers Inc Id stated it has 382,800 shares. Atlanta Cap L L C accumulated 7.27M shares. Pictet Asset Management Ltd owns 0.01% invested in Aramark (NYSE:ARMK) for 80,200 shares. Mufg Americas Corp accumulated 9,450 shares or 0.01% of the stock. Moreover, Dekabank Deutsche Girozentrale has 0.06% invested in Aramark (NYSE:ARMK) for 160,444 shares.

Among 11 analysts covering Aramark Holdings Corporation (NYSE:ARMK), 10 have Buy rating, 0 Sell and 1 Hold. Therefore 91% are positive. Aramark Holdings Corporation had 20 analyst reports since August 13, 2015 according to SRatingsIntel. The rating was downgraded by Barclays Capital on Tuesday, January 10 to “Equal Weight”. The stock has “Buy” rating by Nomura on Thursday, August 11. Barclays Capital maintained the stock with “Overweight” rating in Thursday, August 11 report. The company was downgraded on Monday, March 13 by RBC Capital Markets. The firm has “Top Pick” rating given on Wednesday, November 16 by RBC Capital Markets. The stock of Aramark (NYSE:ARMK) earned “Outperform” rating by Macquarie Research on Friday, August 26. Credit Suisse initiated it with “Outperform” rating and $37 target in Friday, August 14 report. The stock has “Outperform” rating by Robert W. Baird on Thursday, August 13. RBC Capital Markets maintained the stock with “Buy” rating in Monday, June 26 report. JP Morgan maintained Aramark (NYSE:ARMK) on Thursday, August 11 with “Overweight” rating.

Since February 23, 2017, it had 0 buys, and 9 selling transactions for $4.22 million activity. $75,300 worth of Arrow Electronics, Inc. (NYSE:ARW) shares were sold by King Andrew. 9,692 shares valued at $727,578 were sold by Morris Mary Catherine on Thursday, May 25. 3,000 shares were sold by Kerins Sean J, worth $227,970. Zech Gretchen sold $756,463 worth of Arrow Electronics, Inc. (NYSE:ARW) on Tuesday, May 9. On Tuesday, May 16 the insider Melvin Vincent P sold $436,550. Shares for $211,232 were sold by Tarpinian Gregory.

Among 9 analysts covering Arrow Electronics Inc. (NYSE:ARW), 5 have Buy rating, 1 Sell and 3 Hold. Therefore 56% are positive. Arrow Electronics Inc. had 14 analyst reports since July 29, 2015 according to SRatingsIntel. On Monday, May 9 the stock rating was maintained by Goldman Sachs with “Buy”. The stock of Arrow Electronics, Inc. (NYSE:ARW) earned “Neutral” rating by Goldman Sachs on Tuesday, September 20. The firm earned “Sell” rating on Monday, May 2 by Citigroup. The rating was initiated by Bank of America with “Buy” on Wednesday, April 27. On Thursday, October 29 the stock rating was downgraded by CLSA to “Outperform”. SunTrust downgraded Arrow Electronics, Inc. (NYSE:ARW) on Tuesday, January 3 to “Hold” rating. Credit Agricole upgraded the stock to “Buy” rating in Wednesday, July 29 report. The rating was downgraded by Suntrust Robinson to “Hold” on Tuesday, January 3. The firm earned “Buy” rating on Friday, January 22 by Longbow. The firm has “Hold” rating by Zacks given on Monday, August 31.

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