Kepos Capital LP Increases Holdings in AECOM (NYSE:ACM)

Kepos Capital LP boosted its holdings in AECOM (NYSE:ACMFree Report) by 120.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,277 shares of the construction company’s stock after purchasing an additional 697 shares during the quarter. Kepos Capital LP’s holdings in AECOM were worth $106,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. lifted its position in AECOM by 8.3% in the second quarter. BlackRock Inc. now owns 17,199,288 shares of the construction company’s stock worth $1,456,608,000 after buying an additional 1,317,576 shares during the last quarter. State Street Corp increased its stake in AECOM by 5.9% in the second quarter. State Street Corp now owns 4,833,820 shares of the construction company’s stock worth $409,376,000 after purchasing an additional 269,202 shares during the period. Invesco Ltd. increased its stake in AECOM by 39.2% in the first quarter. Invesco Ltd. now owns 3,456,275 shares of the construction company’s stock worth $265,478,000 after purchasing an additional 972,449 shares during the period. JPMorgan Chase & Co. increased its stake in AECOM by 3.4% in the second quarter. JPMorgan Chase & Co. now owns 3,427,423 shares of the construction company’s stock worth $290,268,000 after purchasing an additional 112,357 shares during the period. Finally, Moneta Group Investment Advisors LLC increased its stake in shares of AECOM by 106,750.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 3,422,418 shares of the construction company’s stock valued at $290,666,000 after buying an additional 3,419,215 shares during the period. 84.79% of the stock is currently owned by institutional investors.

Insider Activity

In other news, President Lara Poloni sold 30,692 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $92.50, for a total value of $2,839,010.00. Following the transaction, the president now owns 53,752 shares in the company, valued at approximately $4,972,060. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Troy Rudd sold 25,000 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $92.76, for a total value of $2,319,000.00. Following the completion of the sale, the chief executive officer now directly owns 259,168 shares of the company’s stock, valued at approximately $24,040,423.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Lara Poloni sold 30,692 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $92.50, for a total value of $2,839,010.00. Following the sale, the president now directly owns 53,752 shares of the company’s stock, valued at $4,972,060. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

AECOM Stock Up 0.5 %

NYSE ACM traded up $0.43 during trading hours on Monday, hitting $89.81. 534,113 shares of the company were exchanged, compared to its average volume of 740,975. The company has a 50 day moving average of $89.51 and a two-hundred day moving average of $86.40. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.87. AECOM has a 52-week low of $74.40 and a 52-week high of $94.01. The firm has a market cap of $12.22 billion, a price-to-earnings ratio of 198.63, a PEG ratio of 1.34 and a beta of 1.23.

AECOM (NYSE:ACMGet Free Report) last released its quarterly earnings data on Tuesday, February 6th. The construction company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.13. AECOM had a return on equity of 21.45% and a net margin of 0.42%. The business had revenue of $3.90 billion for the quarter. During the same quarter in the previous year, the company posted $0.86 EPS. Equities research analysts anticipate that AECOM will post 4.4 earnings per share for the current year.

AECOM announced that its board has authorized a share repurchase program on Monday, November 13th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to purchase up to 8.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ACM shares. StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. KeyCorp assumed coverage on AECOM in a research report on Wednesday, January 10th. They set an “overweight” rating and a $104.00 price target for the company. Robert W. Baird lifted their price target on AECOM from $100.00 to $103.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th. Barclays lifted their price target on AECOM from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $109.00 price target on shares of AECOM in a research report on Wednesday, February 7th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, AECOM currently has a consensus rating of “Buy” and an average price target of $101.33.

View Our Latest Analysis on AECOM

AECOM Profile

(Free Report)

AECOM, together with its subsidiaries, provides professional infrastructure consulting services worldwide. It operates in three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to public and private clients.

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Institutional Ownership by Quarter for AECOM (NYSE:ACM)

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