Somerset Trust Co Increases Position in Aecom (ACM)
Somerset Trust Co increased its stake in shares of Aecom (NYSE:ACM) by 163.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 834 shares of the construction company’s stock after acquiring an additional 517 shares during the quarter. Somerset Trust Co’s holdings in Aecom were worth $25,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Aecom by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 14,139,854 shares of the construction company’s stock valued at $461,808,000 after buying an additional 204,643 shares during the period. Vanguard Group Inc increased its holdings in Aecom by 1.5% in the 3rd quarter. Vanguard Group Inc now owns 14,139,854 shares of the construction company’s stock valued at $461,808,000 after buying an additional 204,643 shares during the period. Dimensional Fund Advisors LP increased its holdings in Aecom by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,798,549 shares of the construction company’s stock valued at $127,160,000 after buying an additional 60,019 shares during the period. Pzena Investment Management LLC increased its holdings in Aecom by 33.6% in the 4th quarter. Pzena Investment Management LLC now owns 3,240,077 shares of the construction company’s stock valued at $85,862,000 after buying an additional 815,398 shares during the period. Finally, Luminus Management LLC grew its holdings in shares of Aecom by 22.0% in the 3rd quarter. Luminus Management LLC now owns 2,969,657 shares of the construction company’s stock worth $96,989,000 after purchasing an additional 534,898 shares during the last quarter. 87.86% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently weighed in on ACM. Zacks Investment Research raised shares of Aecom from a “sell” rating to a “hold” rating and set a $34.00 target price on the stock in a report on Monday, February 4th. ValuEngine raised shares of Aecom from a “sell” rating to a “hold” rating in a report on Wednesday, February 20th. KeyCorp set a $35.00 target price on shares of Aecom and gave the stock a “buy” rating in a report on Tuesday, January 29th. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $30.00 target price on shares of Aecom in a report on Wednesday, December 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Aecom has an average rating of “Hold” and a consensus target price of $35.75.
Aecom (NYSE:ACM) last issued its quarterly earnings results on Tuesday, February 5th. The construction company reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.04. The business had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $4.97 billion. Aecom had a net margin of 0.38% and a return on equity of 10.15%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 EPS. Analysts expect that Aecom will post 2.75 earnings per share for the current year.
In related news, Director Daniel R. Tishman sold 25,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $30.11, for a total transaction of $752,750.00. Following the transaction, the director now owns 97,978 shares in the company, valued at approximately $2,950,117.58. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.26% of the stock is owned by corporate insiders.
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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