Aperio Group LLC Buys 6,490 Shares of AECOM (ACM)
Aperio Group LLC increased its holdings in AECOM (NYSE:ACM) by 15.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,878 shares of the construction company’s stock after buying an additional 6,490 shares during the period. Aperio Group LLC’s holdings in AECOM were worth $1,762,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. New England Research & Management Inc. raised its position in shares of AECOM by 7.8% in the third quarter. New England Research & Management Inc. now owns 27,800 shares of the construction company’s stock worth $1,023,000 after buying an additional 2,000 shares in the last quarter. TIAA FSB purchased a new stake in shares of AECOM in the third quarter worth $1,017,000. First Trust Advisors LP raised its position in shares of AECOM by 33.5% in the third quarter. First Trust Advisors LP now owns 982,367 shares of the construction company’s stock worth $36,161,000 after buying an additional 246,658 shares in the last quarter. Alpha Windward LLC raised its position in shares of AECOM by 11.4% in the third quarter. Alpha Windward LLC now owns 15,240 shares of the construction company’s stock worth $561,000 after buying an additional 1,560 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its position in shares of AECOM by 1.1% in the third quarter. Mutual of America Capital Management LLC now owns 129,409 shares of the construction company’s stock worth $4,764,000 after buying an additional 1,469 shares in the last quarter. Institutional investors own 82.07% of the company’s stock.
AECOM (NYSE:ACM) opened at $34.21 on Wednesday. The company has a market capitalization of $5,583.61, a price-to-earnings ratio of 12.12, a P/E/G ratio of 1.86 and a beta of 1.71. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.22 and a quick ratio of 1.22. AECOM has a 12 month low of $30.15 and a 12 month high of $40.72.
AECOM (NYSE:ACM) last released its earnings results on Monday, November 13th. The construction company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.03. AECOM had a return on equity of 12.51% and a net margin of 1.86%. The business had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.63 billion. During the same quarter in the prior year, the firm earned $0.65 earnings per share. The firm’s revenue was up 12.3% on a year-over-year basis. equities analysts forecast that AECOM will post 2.74 EPS for the current year.
AECOM declared that its Board of Directors has initiated a share buyback plan on Thursday, September 21st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 18.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.
A number of equities research analysts recently issued reports on ACM shares. Citigroup Inc. reiterated a “buy” rating and issued a $40.00 price objective (down previously from $45.00) on shares of AECOM in a research report on Tuesday, July 18th. Zacks Investment Research downgraded AECOM from a “hold” rating to a “sell” rating in a research report on Friday, July 21st. Credit Suisse Group downgraded AECOM from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $44.00 to $37.00 in a research report on Monday, July 24th. Canaccord Genuity reiterated a “hold” rating and issued a $36.00 price objective on shares of AECOM in a research report on Tuesday, August 8th. Finally, KeyCorp reiterated a “buy” rating and issued a $40.00 price objective on shares of AECOM in a research report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $31.70.
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In other news, CEO Michael S. Burke sold 56,800 shares of the firm’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $36.86, for a total transaction of $2,093,648.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Michael S. Burke sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $37.00, for a total value of $1,110,000.00. Following the transaction, the chief executive officer now directly owns 154,362 shares in the company, valued at $5,711,394. The disclosure for this sale can be found here. 1.14% of the stock is currently owned by company insiders.
AECOM is engaged in designing, building, financing and operating infrastructure assets for governments, businesses and organizations. The Company’s segments include design and consulting services (DCS), construction services (CS) and management services (MS). Its DCS segment is engaged in planning, consulting, architectural and engineering design services to commercial and government clients in major end markets, such as transportation, facilities, environmental, energy, water and government.
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