A.R.T. Advisors LLC bought a new position in Aecom (NYSE:ACM) during the fourth quarter, Holdings Channel reports. The fund bought 6,500 shares of the company’s stock, valued at approximately $236,000.
A number of other institutional investors also recently modified their holdings of ACM. Selz Capital LLC boosted its position in Aecom by 76.5% in the third quarter. Selz Capital LLC now owns 450,000 shares of the company’s stock valued at $13,379,000 after buying an additional 195,000 shares during the period. Boston Advisors LLC boosted its position in Aecom by 2.6% in the third quarter. Boston Advisors LLC now owns 96,502 shares of the company’s stock valued at $2,869,000 after buying an additional 2,409 shares during the period. Mutual of America Capital Management LLC boosted its position in Aecom by 2.3% in the third quarter. Mutual of America Capital Management LLC now owns 117,564 shares of the company’s stock valued at $3,495,000 after buying an additional 2,647 shares during the period. Neuberger Berman Group LLC acquired a new position in Aecom during the third quarter valued at $316,000. Finally, Greenhaven Associates Inc. boosted its position in Aecom by 24.6% in the third quarter. Greenhaven Associates Inc. now owns 1,879,907 shares of the company’s stock valued at $55,890,000 after buying an additional 370,992 shares during the period. Hedge funds and other institutional investors own 84.21% of the company’s stock.
Shares of Aecom (NYSE:ACM) opened at 35.13 on Tuesday. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 33.65 and a beta of 1.90. The company has a 50-day moving average price of $37.05 and a 200-day moving average price of $33.95. Aecom has a 12 month low of $26.46 and a 12 month high of $40.72.
Aecom (NYSE:ACM) last issued its earnings results on Tuesday, February 7th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02. Aecom had a return on equity of 12.28% and a net margin of 0.94%. The business earned $4.36 billion during the quarter, compared to analysts’ expectations of $4.23 billion. During the same quarter in the prior year, the firm earned $0.68 EPS. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. Analysts forecast that Aecom will post $2.94 earnings per share for the current fiscal year.
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Several equities analysts have recently weighed in on ACM shares. Zacks Investment Research upgraded Aecom from a “strong sell” rating to a “hold” rating and set a $40.00 price objective on the stock in a report on Monday, January 16th. TheStreet cut Aecom from a “b-” rating to a “c+” rating in a report on Monday, January 30th. Deutsche Bank AG cut Aecom from a “buy” rating to a “hold” rating and cut their price objective for the company from $42.00 to $41.00 in a report on Thursday, January 12th. Standpoint Research lifted their price objective on Aecom from $40.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, December 8th. Finally, Robert W. Baird upgraded Aecom from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $42.00 to $45.00 in a report on Wednesday, January 4th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $42.25.
In other news, insider Frederick W. Werner sold 44,928 shares of the stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $37.15, for a total value of $1,669,075.20. Following the completion of the sale, the insider now owns 65,101 shares of the company’s stock, valued at $2,418,502.15. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Troy Rudd sold 8,976 shares of the stock in a transaction dated Wednesday, January 25th. The shares were sold at an average price of $39.00, for a total value of $350,064.00. Following the completion of the sale, the chief financial officer now directly owns 11,221 shares of the company’s stock, valued at approximately $437,619. The disclosure for this sale can be found here. In the last three months, insiders sold 83,904 shares of company stock valued at $3,189,139. Insiders own 1.14% of the company’s stock.
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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