Aecom (ACM) Stake Lessened by Pflug Koory LLC
Pflug Koory LLC decreased its position in Aecom (NYSE:ACM) by 5.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 7,115 shares of the construction company’s stock after selling 400 shares during the period. Pflug Koory LLC’s holdings in Aecom were worth $211,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Somerset Trust Co grew its holdings in shares of Aecom by 163.1% in the first quarter. Somerset Trust Co now owns 834 shares of the construction company’s stock worth $25,000 after purchasing an additional 517 shares during the last quarter. NumerixS Investment Technologies Inc bought a new position in shares of Aecom in the fourth quarter worth approximately $26,000. Oppenheimer Asset Management Inc. bought a new position in shares of Aecom in the fourth quarter worth approximately $146,000. Jane Street Group LLC bought a new position in shares of Aecom in the fourth quarter worth approximately $203,000. Finally, Parametrica Management Ltd bought a new position in shares of Aecom in the fourth quarter worth approximately $228,000. Hedge funds and other institutional investors own 87.86% of the company’s stock.
NYSE:ACM traded up $0.37 during trading hours on Thursday, hitting $31.52. The company had a trading volume of 745,583 shares, compared to its average volume of 823,078. The stock has a market cap of $4.86 billion, a P/E ratio of 11.76, a price-to-earnings-growth ratio of 1.29 and a beta of 1.70. Aecom has a 52 week low of $24.83 and a 52 week high of $36.97. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.88.
Several research analysts have recently issued reports on ACM shares. Credit Suisse Group restated a “hold” rating and issued a $30.00 target price on shares of Aecom in a report on Wednesday, December 12th. Zacks Investment Research upgraded shares of Aecom from a “strong sell” rating to a “hold” rating in a report on Monday, January 14th. KeyCorp set a $35.00 price target on shares of Aecom and gave the company a “buy” rating in a report on Tuesday, January 29th. Finally, ValuEngine cut shares of Aecom from a “hold” rating to a “sell” rating in a report on Friday, February 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $35.88.
In other Aecom news, Director Daniel R. Tishman sold 25,000 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $30.11, for a total transaction of $752,750.00. Following the completion of the transaction, the director now owns 97,978 shares of the company’s stock, valued at $2,950,117.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.26% of the company’s stock.
Aecom Company Profile
AECOM, together with its subsidiaries, engages in designing, building, financing, and operating infrastructure assets worldwide. It operates through four segments: Design and Consulting Services (DCS), Construction Services (CS), Management Services (MS), and AECOM Capital (ACAP). The DCS segment offers planning, consulting, architectural and engineering design, program management, and construction management services for industrial, commercial, institutional, and government clients, including the transportation, facilities, environmental, energy, and water markets.
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