Sei Investments Co. increased its position in Aecom (NYSE:ACM) by 6.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 261,827 shares of the construction company’s stock after buying an additional 16,272 shares during the period. Sei Investments Co. owned 0.17% of Aecom worth $9,638,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Tudor Investment Corp ET AL bought a new position in Aecom in the 1st quarter valued at about $278,000. Oregon Public Employees Retirement Fund lifted its position in Aecom by 4.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 56,153 shares of the construction company’s stock valued at $1,815,000 after acquiring an additional 2,382 shares in the last quarter. LS Investment Advisors LLC lifted its position in Aecom by 18.3% in the 2nd quarter. LS Investment Advisors LLC now owns 12,604 shares of the construction company’s stock valued at $407,000 after acquiring an additional 1,947 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in Aecom by 3.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 40,600 shares of the construction company’s stock valued at $1,313,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Aperio Group LLC lifted its position in shares of Aecom by 14.0% during the 2nd quarter. Aperio Group LLC now owns 41,388 shares of the construction company’s stock worth $1,338,000 after buying an additional 5,094 shares in the last quarter. Institutional investors own 82.39% of the company’s stock.
In other news, CEO Michael S. Burke sold 30,000 shares of the business’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $37.00, for a total transaction of $1,110,000.00. Following the completion of the transaction, the chief executive officer now directly owns 154,362 shares in the company, valued at approximately $5,711,394. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael S. Burke sold 56,800 shares of the business’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $36.86, for a total transaction of $2,093,648.00. The disclosure for this sale can be found here. 1.14% of the stock is owned by insiders.
Aecom (NYSE:ACM) traded up $0.39 during trading on Wednesday, reaching $37.88. 871,325 shares of the company were exchanged, compared to its average volume of 989,230. Aecom has a fifty-two week low of $30.15 and a fifty-two week high of $40.72. The stock has a market cap of $5,988.15, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 2.04 and a beta of 1.73. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.20 and a quick ratio of 1.20.
Aecom (NYSE:ACM) last released its quarterly earnings data on Monday, November 13th. The construction company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. The business had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.63 billion. Aecom had a net margin of 1.86% and a return on equity of 12.12%. Aecom’s revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 EPS. equities research analysts anticipate that Aecom will post 2.66 earnings per share for the current fiscal year.
Aecom announced that its board has initiated a share repurchase program on Thursday, September 21st that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to purchase up to 18.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
Several equities analysts have commented on the stock. Argus lifted their target price 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. Zacks Investment Research raised shares of Aecom from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. Canaccord Genuity reissued a “hold” rating and set a $36.00 target price on shares of Aecom in a research report on Tuesday, November 14th. DA Davidson reissued a “hold” rating and set a $39.00 target price on shares of Aecom in a research report on Tuesday, November 14th. Finally, UBS restated a “buy” rating and set a $4.00 price target (down previously from $40.00) on shares of Aecom in a research note on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $32.70.
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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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