Schwab Charles Investment Management Inc. grew its stake in shares of Aecom (NYSE:ACM) by 9.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 779,074 shares of the construction company’s stock after acquiring an additional 65,000 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.50% of Aecom worth $28,678,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in ACM. Thompson Siegel & Walmsley LLC bought a new stake in shares of Aecom during the 2nd quarter valued at $12,098,000. Russell Investments Group Ltd. lifted its position in shares of Aecom by 36.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 984,497 shares of the construction company’s stock valued at $36,240,000 after acquiring an additional 264,266 shares during the period. First Trust Advisors LP lifted its position in shares of Aecom by 33.5% during the 3rd quarter. First Trust Advisors LP now owns 982,367 shares of the construction company’s stock valued at $36,161,000 after acquiring an additional 246,658 shares during the period. Parametric Portfolio Associates LLC lifted its position in shares of Aecom by 79.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 555,535 shares of the construction company’s stock valued at $17,960,000 after acquiring an additional 245,975 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Aecom by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 13,443,021 shares of the construction company’s stock valued at $434,613,000 after acquiring an additional 176,473 shares during the period. Hedge funds and other institutional investors own 82.39% of the company’s stock.
Shares of Aecom (NYSE ACM) opened at $38.51 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.88. Aecom has a 1 year low of $30.15 and a 1 year high of $40.72. The firm has a market capitalization of $6,079.57, a price-to-earnings ratio of 13.12, a P/E/G ratio of 2.07 and a beta of 1.73.
Aecom (NYSE:ACM) last announced its quarterly earnings data on Monday, November 13th. The construction company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.03. Aecom had a return on equity of 12.12% and a net margin of 1.86%. The business had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.63 billion. During the same period in the prior year, the company earned $0.65 EPS. Aecom’s revenue for the quarter was up 12.3% on a year-over-year basis. analysts predict that Aecom will post 2.66 earnings per share for the current year.
Aecom declared that its board has approved a stock repurchase plan on Thursday, September 21st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to repurchase up to 18.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.
A number of analysts have recently weighed in on ACM shares. KeyCorp reiterated a “buy” rating and set a $40.00 target price on shares of Aecom in a research report on Friday, August 25th. Citigroup reiterated a “buy” rating and set a $4.00 target price (down from $40.00) on shares of Aecom in a research report on Friday, October 27th. Credit Suisse Group reiterated a “neutral” rating on shares of Aecom in a research report on Tuesday, November 14th. Robert W. Baird restated a “hold” rating and set a $36.00 price objective on shares of Aecom in a research report on Tuesday, September 5th. Finally, DA Davidson restated a “hold” rating and set a $39.00 price objective on shares of Aecom in a research report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $31.00.
In other Aecom news, CEO Michael S. Burke sold 30,000 shares of the stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $37.00, for a total value 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 $5,711,394. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael S. Burke sold 56,800 shares of the stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $36.86, for a total value of $2,093,648.00. The disclosure for this sale can be found here. 1.14% of the stock is owned by corporate insiders.
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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