Wedge Capital Management L L P NC Sells 66,997 Shares of AECOM (ACM)

Wedge Capital Management L L P NC cut its holdings in AECOM (NYSE:ACM) by 4.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,315,024 shares of the construction company’s stock after selling 66,997 shares during the quarter. Wedge Capital Management L L P NC owned about 0.83% of AECOM worth $46,854,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. increased its stake in AECOM by 1.6% in the fourth quarter. BlackRock Inc. now owns 12,535,917 shares of the construction company’s stock valued at $465,709,000 after purchasing an additional 198,111 shares during the period. Lyrical Asset Management LP increased its stake in AECOM by 4.6% in the fourth quarter. Lyrical Asset Management LP now owns 4,351,145 shares of the construction company’s stock valued at $161,645,000 after purchasing an additional 189,577 shares during the period. Bank of New York Mellon Corp increased its stake in AECOM by 2.6% in the fourth quarter. Bank of New York Mellon Corp now owns 2,206,181 shares of the construction company’s stock valued at $81,959,000 after purchasing an additional 54,988 shares during the period. Luminus Management LLC increased its stake in AECOM by 79.8% in the fourth quarter. Luminus Management LLC now owns 1,475,227 shares of the construction company’s stock valued at $54,805,000 after purchasing an additional 654,568 shares during the period. Finally, Clearbridge LLC increased its stake in AECOM by 80.3% in the fourth quarter. Clearbridge LLC now owns 1,307,870 shares of the construction company’s stock valued at $48,587,000 after purchasing an additional 582,500 shares during the period. Institutional investors own 84.64% of the company’s stock.

In other AECOM news, insider Lara Poloni sold 4,976 shares of the company’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $36.70, for a total value of $182,619.20. Following the sale, the insider now owns 3,895 shares of the company’s stock, valued at $142,946.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Daniel R. Tishman sold 15,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $37.00, for a total transaction of $555,000.00. Following the completion of the sale, the insider now directly owns 114,095 shares in the company, valued at approximately $4,221,515. The disclosure for this sale can be found here. 0.74% of the stock is currently owned by insiders.

ACM has been the topic of several analyst reports. Citigroup lifted their target price 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 raised shares of AECOM from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Monday, March 26th. TheStreet downgraded shares of AECOM from a “b” rating to a “c+” rating in a report on Tuesday, May 8th. Canaccord Genuity reaffirmed a “hold” rating and issued a $40.00 target price on shares of AECOM in a report on Wednesday, May 9th. Finally, ValuEngine downgraded shares of AECOM from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. AECOM presently has a consensus rating of “Hold” and a consensus price target of $37.00.

ACM stock opened at $33.39 on Friday. The stock has a market cap of $5.41 billion, a P/E ratio of 11.36, a P/E/G ratio of 2.24 and a beta of 1.68. AECOM has a 52 week low of $33.37 and a 52 week high of $33.71. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.89.

AECOM (NYSE:ACM) last released its quarterly earnings data on Tuesday, May 8th. The construction company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.82 billion. AECOM had a net margin of 0.95% and a return on equity of 10.60%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.89 earnings per share. equities analysts predict that AECOM will post 2.71 earnings per share for the current year.

AECOM Company Profile

AECOM, together with its subsidiaries, engages in designing, building, financing, and operating infrastructure assets worldwide. The company operates through four segments: Design and Consulting Services (DCS), Construction Services (CS), Management Services (MS), and AECOM Capital (ACAP). The DCS segment provides planning, consulting, architectural and engineering design, program management, and construction management services for industrial, commercial, institutional, and government clients, such as transportation, facilities, environmental, and energy/power markets.

Institutional Ownership by Quarter for AECOM (NYSE:ACM)

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