Standard Life Aberdeen plc Cuts Holdings in Aecom (ACM)
Standard Life Aberdeen plc lowered its stake in Aecom (NYSE:ACM) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,211 shares of the construction company’s stock after selling 1,719 shares during the quarter. Standard Life Aberdeen plc’s holdings in Aecom were worth $900,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund raised its holdings in shares of Aecom by 2,617.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,705,832 shares of the construction company’s stock valued at $64,000 after purchasing an additional 1,643,066 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Aecom in the fourth quarter valued at approximately $146,000. Parametrica Management Ltd acquired a new stake in shares of Aecom in the fourth quarter valued at approximately $228,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Aecom by 7.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,935 shares of the construction company’s stock valued at $290,000 after purchasing an additional 713 shares during the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in shares of Aecom in the fourth quarter valued at approximately $384,000. 87.89% of the stock is currently owned by hedge funds and other institutional investors.
ACM has been the topic of a number of recent research reports. Credit Suisse Group reiterated a “hold” rating and issued a $30.00 price objective on shares of Aecom in a report on Wednesday, December 12th. Zacks Investment Research upgraded shares of Aecom from a “strong sell” rating to a “hold” rating in a report on Monday, January 14th. KeyCorp set a $35.00 price objective on shares of Aecom and gave the company a “buy” rating in a report on Tuesday, January 29th. Finally, ValuEngine downgraded shares of Aecom from a “hold” rating to a “sell” rating in a report on Friday, February 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Aecom presently has an average rating of “Hold” and a consensus target price of $35.75.
Shares of ACM opened at $30.32 on Friday. The firm has a market cap of $4.74 billion, a P/E ratio of 11.31, a PEG ratio of 1.27 and a beta of 1.71. Aecom has a 1-year low of $24.83 and a 1-year high of $37.53. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.20 and a current ratio of 1.20.
Aecom (NYSE:ACM) last issued its earnings results on Tuesday, February 5th. The construction company reported $0.56 earnings per share for the quarter, topping the Zacks’ 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 revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.57 earnings per share. On average, analysts predict that Aecom will post 2.75 earnings per share for the current year.
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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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