New Mexico Educational Retirement Board bought a new stake in Aecom (NYSE:ACM) in the 4th quarter, HoldingsChannel.com reports. The fund bought 38,813 shares of the construction company’s stock, valued at approximately $1,442,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ACM. CIBC Asset Management Inc acquired a new stake in shares of Aecom in the 3rd quarter valued at $204,000. Boston Advisors LLC acquired a new stake in shares of Aecom in the 4th quarter valued at $206,000. ING Groep NV acquired a new stake in shares of Aecom in the 3rd quarter valued at $224,000. Alps Advisors Inc. acquired a new stake in shares of Aecom in the 4th quarter valued at $239,000. Finally, Pure Financial Advisors Inc. acquired a new stake in shares of Aecom in the 4th quarter valued at $244,000. 83.74% of the stock is owned by institutional investors.
In other Aecom news, Vice Chairman Daniel R. Tishman sold 15,000 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $38.88, for a total value of $583,200.00. Following the completion of the transaction, the insider now directly owns 129,095 shares of the company’s stock, valued at $5,019,213.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James H. Fordyce sold 4,390 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $38.00, for a total value of $166,820.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 82,486 shares of company stock valued at $3,170,752. 0.74% of the stock is owned by insiders.
Shares of Aecom (ACM) opened at $35.36 on Tuesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.21 and a current ratio of 1.21. Aecom has a 52 week low of $30.15 and a 52 week high of $39.90. The company has a market capitalization of $5,628.22, a price-to-earnings ratio of 13.98, a P/E/G ratio of 2.36 and a beta of 1.70.
Aecom (NYSE:ACM) last announced its quarterly earnings data on Tuesday, February 6th. The construction company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. Aecom had a return on equity of 11.74% and a net margin of 2.15%. The business had revenue of $4.91 billion during the quarter, compared to analysts’ expectations of $4.71 billion. During the same period in the previous year, the firm earned $0.53 earnings per share. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. analysts anticipate that Aecom will post 2.69 EPS for the current year.
ACM has been the subject of several research reports. Citigroup reissued a “buy” rating and issued a $4.00 target price (down from $40.00) on shares of Aecom in a research note on Friday, October 27th. Credit Suisse Group reissued a “neutral” rating on shares of Aecom in a research note on Tuesday, November 14th. UBS Group reissued a “buy” rating and issued a $4.00 target price (down from $40.00) on shares of Aecom in a research note on Tuesday, November 14th. DA Davidson reissued a “hold” rating and issued a $39.00 target price on shares of Aecom in a research note on Tuesday, November 14th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $36.00 price objective on shares of Aecom in a research note on Tuesday, November 14th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $36.40.
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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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