Dimensional Fund Advisors LP Acquires 24,471 Shares of Aecom (ACM)
Dimensional Fund Advisors LP lifted its holdings in shares of Aecom (NYSE:ACM) by 0.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,742,824 shares of the construction company’s stock after buying an additional 24,471 shares during the quarter. Dimensional Fund Advisors LP owned about 3.03% of Aecom worth $174,587,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Aecom by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 13,443,021 shares of the construction company’s stock valued at $434,613,000 after buying an additional 176,473 shares in the last quarter. State Street Corp grew its holdings in Aecom by 1.1% in the 2nd quarter. State Street Corp now owns 3,977,619 shares of the construction company’s stock worth $128,599,000 after acquiring an additional 44,044 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Aecom by 0.3% in the 2nd quarter. Alliancebernstein L.P. now owns 2,816,118 shares of the construction company’s stock worth $91,045,000 after acquiring an additional 7,075 shares during the last quarter. Brandywine Global Investment Management LLC grew its holdings in Aecom by 8.9% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 1,902,787 shares of the construction company’s stock worth $61,518,000 after acquiring an additional 156,003 shares during the last quarter. Finally, Poplar Forest Capital LLC grew its holdings in Aecom by 4.9% in the 2nd quarter. Poplar Forest Capital LLC now owns 1,408,302 shares of the construction company’s stock worth $45,530,000 after acquiring an additional 65,169 shares during the last quarter. Institutional investors own 82.39% of the company’s stock.
Aecom (ACM) opened at $38.82 on Wednesday. The company has a market cap of $6,070.11, a P/E ratio of 13.10, a P/E/G ratio of 2.07 and a beta of 1.73. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.20 and a quick ratio of 1.20. Aecom has a 1 year low of $30.15 and a 1 year high of $40.23.
Aecom (NYSE:ACM) last posted its quarterly earnings results on Monday, November 13th. The construction company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. The company had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.63 billion. Aecom had a net margin of 1.86% and a return on equity of 12.12%. Aecom’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period last year, the firm posted $0.65 EPS. research analysts anticipate that Aecom will post 2.66 earnings per share for the current fiscal year.
Aecom declared that its Board of Directors has approved a share buyback program on Thursday, September 21st that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to purchase up to 18.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.
A number of research analysts recently issued reports on ACM shares. Barclays started coverage on shares of Aecom in a research report on Tuesday. They set a “sell” rating and a $34.00 price target for the company. Argus lifted their target price on shares of Aecom from $37.00 to $43.00 and gave the stock a “buy” rating in a report on Monday, November 27th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Aecom from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Canaccord Genuity reiterated a “hold” rating and issued a $36.00 price target on shares of Aecom in a research note on Tuesday, November 14th. Finally, DA Davidson restated a “hold” rating and set a $39.00 target price on shares of Aecom in a research report on Tuesday, November 14th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $31.30.
In related news, CEO Michael S. Burke sold 30,000 shares of the business’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 sale, the chief executive officer now directly owns 154,362 shares in the company, valued at approximately $5,711,394. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael S. Burke sold 56,800 shares of Aecom stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $36.86, for a total value of $2,093,648.00. The disclosure for this sale can be found here. 1.14% of the stock is currently owned by company insiders.
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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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