SG Americas Securities LLC Has $1.37 Million Holdings in Aecom (ACM)
SG Americas Securities LLC grew its stake in Aecom (NYSE:ACM) by 44.4% during the 4th quarter, HoldingsChannel reports. The fund owned 36,735 shares of the construction company’s stock after purchasing an additional 11,292 shares during the quarter. SG Americas Securities LLC’s holdings in Aecom were worth $1,365,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in ACM. Russell Investments Group Ltd. boosted its holdings in Aecom by 36.7% in the third quarter. Russell Investments Group Ltd. now owns 984,497 shares of the construction company’s stock worth $36,240,000 after acquiring an additional 264,266 shares in the last quarter. First Trust Advisors LP boosted its holdings in 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 acquiring an additional 246,658 shares in the last quarter. Lodge Hill Capital LLC bought a new stake in Aecom in the third quarter worth $5,522,000. Great West Life Assurance Co. Can boosted its holdings in Aecom by 32.3% in the third quarter. Great West Life Assurance Co. Can now owns 341,685 shares of the construction company’s stock worth $12,564,000 after acquiring an additional 83,419 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in Aecom by 147.2% in the second quarter. Royal Bank of Canada now owns 127,331 shares of the construction company’s stock worth $4,116,000 after acquiring an additional 75,829 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.
ACM has been the subject of several recent analyst reports. Credit Suisse Group restated a “neutral” rating on shares of Aecom in a research note on Tuesday, November 14th. DA Davidson boosted their price target on Aecom to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday. Zacks Investment Research cut Aecom from a “hold” rating to a “sell” rating in a research note on Thursday, February 1st. Robert W. Baird upgraded Aecom from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $40.00 to $45.00 in a research note on Wednesday, January 3rd. Finally, UBS Group restated a “buy” rating and issued a $4.00 price target (down previously from $40.00) on shares of Aecom in a research note on Tuesday, November 14th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $36.40.
Aecom (NYSE:ACM) last posted its quarterly earnings data on Tuesday, February 6th. The construction company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The company had revenue of $4.91 billion during the quarter, compared to analysts’ expectations of $4.71 billion. Aecom had a return on equity of 11.74% and a net margin of 2.15%. Aecom’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 earnings per share. equities analysts forecast that Aecom will post 2.68 EPS for the current year.
In related news, CEO Michael S. Burke sold 30,000 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $39.00, for a total transaction of $1,170,000.00. Following the completion of the sale, the chief executive officer now owns 157,649 shares in the company, valued at $6,148,311. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Daniel R. Tishman sold 15,000 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $38.88, for a total value of $583,200.00. Following the sale, the insider now owns 129,095 shares of the company’s stock, valued at approximately $5,019,213.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 82,486 shares of company stock valued at $3,170,752. 0.74% of the stock is 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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