WINTON GROUP Ltd purchased a new stake in Aecom (NYSE:ACM) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 59,260 shares of the construction company’s stock, valued at approximately $2,181,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Crow Point Partners LLC purchased a new position in Aecom in the 3rd quarter worth approximately $102,000. Global X Management Co. LLC boosted its stake in shares of Aecom by 220.7% in the 2nd quarter. Global X Management Co. LLC now owns 4,923 shares of the construction company’s stock valued at $159,000 after purchasing an additional 3,388 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Aecom by 12.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,359 shares of the construction company’s stock valued at $173,000 after purchasing an additional 576 shares in the last quarter. GAM Holding AG purchased a new stake in shares of Aecom in the 2nd quarter valued at $194,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of Aecom in the 3rd quarter valued at $204,000. 82.39% of the stock is currently owned by institutional investors.
In other news, CEO Michael S. Burke sold 56,800 shares of Aecom stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $36.86, for a total transaction of $2,093,648.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael S. Burke sold 30,000 shares of Aecom stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $37.00, for a total value of $1,110,000.00. Following the completion of the sale, the chief executive officer now owns 154,362 shares of the company’s stock, valued at $5,711,394. The disclosure for this sale can be found here. Company insiders own 1.14% of the company’s stock.
A number of equities research analysts recently commented on ACM shares. Zacks Investment Research upgraded shares of Aecom from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. UBS restated a “buy” rating and issued a $4.00 price objective (down from $40.00) on shares of Aecom in a report on Tuesday, November 14th. KeyCorp restated a “buy” rating on shares of Aecom in a report on Friday, September 22nd. Argus upped 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. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $36.00 target price on shares of Aecom in a research report on Tuesday, November 14th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $31.30.
Shares of Aecom (NYSE ACM) traded up $0.31 during trading hours on Wednesday, hitting $38.82. 1,064,700 shares of the stock traded hands, compared to its average volume of 987,738. Aecom has a 52-week low of $30.15 and a 52-week high of $40.23. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.88. The company has a market cap of $6,070.11, a PE ratio of 13.10, a PEG ratio of 2.07 and a beta of 1.73.
Aecom (NYSE:ACM) last released its earnings results on Monday, November 13th. The construction company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. Aecom had a net margin of 1.86% and a return on equity of 12.12%. The company had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.63 billion. During the same quarter last year, the business earned $0.65 EPS. The firm’s revenue was up 12.3% compared to the same quarter last year. equities analysts forecast that Aecom will post 2.66 earnings per share for the current year.
Aecom announced that its Board of Directors has authorized a share buyback program on Thursday, September 21st that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the construction company to reacquire up to 18.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.
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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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