Virtu KCG Holdings LLC acquired a new stake in shares of AECOM (NYSE:ACM) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 15,569 shares of the construction company’s stock, valued at approximately $503,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in AECOM by 1.3% during the second quarter. Vanguard Group Inc. now owns 13,443,021 shares of the construction company’s stock valued at $434,613,000 after purchasing an additional 176,473 shares during the last quarter. BlackRock Inc. boosted its position in AECOM by 15,313.2% during the first quarter. BlackRock Inc. now owns 12,670,699 shares of the construction company’s stock valued at $450,949,000 after purchasing an additional 12,588,492 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in AECOM by 10.4% during the first quarter. Dimensional Fund Advisors LP now owns 4,570,122 shares of the construction company’s stock valued at $162,648,000 after purchasing an additional 430,748 shares during the last quarter. State Street Corp boosted its position in AECOM by 2.4% during the first quarter. State Street Corp now owns 3,933,575 shares of the construction company’s stock valued at $139,998,000 after purchasing an additional 91,860 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in AECOM by 0.3% during the second quarter. Alliancebernstein L.P. now owns 2,816,118 shares of the construction company’s stock valued at $91,045,000 after purchasing an additional 7,075 shares during the last quarter. 82.06% of the stock is owned by hedge funds and other institutional investors.
In other AECOM news, CEO Michael S. Burke sold 56,800 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $36.86, for a total transaction of $2,093,648.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael S. Burke sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $37.00, for a total transaction of $1,110,000.00. Following 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 brokerages have weighed in on ACM. KeyCorp reaffirmed a “buy” rating and issued a $40.00 price target on shares of AECOM in a research report on Friday, August 25th. Zacks Investment Research cut AECOM from a “hold” rating to a “strong sell” rating in a research report on Friday, August 11th. Citigroup Inc. set a $40.00 price target on AECOM and gave the stock a “buy” rating in a research report on Thursday, August 17th. Credit Suisse Group cut AECOM from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $44.00 to $37.00 in a research report on Monday, July 24th. Finally, UBS AG set a $38.00 price target on AECOM and gave the stock a “buy” rating in a research report on Monday, June 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. AECOM presently has an average rating of “Hold” and an average price target of $38.80.
AECOM (NYSE:ACM) opened at 36.25 on Wednesday. The company’s 50-day moving average price is $34.41 and its 200 day moving average price is $33.26. The company has a market capitalization of $5.68 billion, a price-to-earnings ratio of 22.20 and a beta of 1.69. AECOM has a 52 week low of $26.46 and a 52 week high of $40.72.
AECOM (NYSE:ACM) last issued its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.78 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.78. The firm had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.54 billion. AECOM had a net margin of 1.46% and a return on equity of 12.19%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the business posted $0.81 earnings per share. On average, analysts predict that AECOM will post $2.91 EPS for the current year.
AECOM announced that its board has authorized a share repurchase plan on Thursday, September 21st that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to purchase up to 18.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
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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