Engineers Gate Manager LP purchased a new stake in Aecom (NYSE:ACM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 9,767 shares of the construction company’s stock, valued at approximately $363,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Crow Point Partners LLC bought a new stake in shares of Aecom in the third quarter worth $102,000. CIBC Asset Management Inc acquired a new position in Aecom in the third quarter valued at $204,000. Boston Advisors LLC acquired a new position in Aecom in the fourth quarter valued at $206,000. ING Groep NV acquired a new position in Aecom in the third quarter valued at $224,000. Finally, Pure Financial Advisors Inc. acquired a new position in Aecom in the fourth quarter valued at $244,000. Institutional investors own 83.74% of the company’s stock.
Several equities analysts have recently weighed in on ACM shares. Citigroup upped their price objective on shares of Aecom from $44.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Zacks Investment Research upgraded shares of Aecom from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. UBS Group reaffirmed a “buy” rating and issued a $4.00 price objective (down from $40.00) on shares of Aecom in a research report on Tuesday, November 14th. Argus upped their price objective on shares of Aecom from $37.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, November 27th. They noted that the move was a valuation call. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $36.00 price objective on shares of Aecom in a research report on Tuesday, November 14th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. Aecom currently has a consensus rating of “Hold” and an average price target of $36.40.
Aecom (NYSE:ACM) traded up $0.22 during midday trading on Thursday, reaching $35.18. 76,172 shares of the company’s stock traded hands, compared to its average volume of 908,486. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.86. The stock has a market cap of $5,591.61, a PE ratio of 13.89, a PEG ratio of 2.35 and a beta of 1.70. Aecom has a fifty-two week low of $30.15 and a fifty-two week high of $39.90.
Aecom (NYSE:ACM) last posted its quarterly earnings data on Tuesday, February 6th. The construction company reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.02. Aecom had a net margin of 2.15% and a return on equity of 11.74%. The firm had revenue of $4.91 billion for the quarter, compared to analysts’ expectations of $4.71 billion. During the same quarter last year, the company posted $0.53 EPS. The business’s quarterly revenue was up 12.7% on a year-over-year basis. analysts forecast that Aecom will post 2.69 EPS for the current fiscal year.
In other Aecom news, CEO Michael S. Burke sold 30,000 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $39.00, for a total value of $1,170,000.00. Following the sale, the chief executive officer now owns 157,649 shares of the company’s stock, valued at approximately $6,148,311. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James H. Fordyce sold 4,390 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $38.00, for a total transaction of $166,820.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 82,486 shares of company stock worth $3,170,752. 0.74% of the stock is owned by insiders.
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Aecom Company Profile
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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