Delphi Management Inc. MA purchased a new position in shares of AECOM (NYSE:ACM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,790 shares of the construction company’s stock, valued at approximately $640,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Scotia Capital Inc. increased its holdings in AECOM by 68.9% during the 2nd quarter. Scotia Capital Inc. now owns 25,107 shares of the construction company’s stock worth $812,000 after purchasing an additional 10,239 shares during the period. Nomura Holdings Inc. purchased a new stake in AECOM during the 2nd quarter worth about $347,000. The Manufacturers Life Insurance Company increased its holdings in AECOM by 2.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 228,998 shares of the construction company’s stock worth $7,404,000 after purchasing an additional 4,467 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in AECOM during the 2nd quarter worth about $1,272,000. Finally, Sciencast Management LP increased its holdings in AECOM by 362.0% during the 2nd quarter. Sciencast Management LP now owns 26,209 shares of the construction company’s stock worth $847,000 after purchasing an additional 20,536 shares during the period. Institutional investors own 82.06% of the company’s stock.
Several brokerages have weighed in on ACM. BidaskClub downgraded AECOM from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 20th. Robert W. Baird downgraded AECOM from an “outperform” rating to a “neutral” rating and set a $4.00 price target on the stock. in a report on Tuesday, July 4th. KeyCorp restated a “buy” rating on shares of AECOM in a report on Friday, September 22nd. Zacks Investment Research upgraded AECOM from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 19th. Finally, Canaccord Genuity restated a “hold” rating and set a $36.00 price target on shares of AECOM in a report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. AECOM currently has an average rating of “Hold” and a consensus price target of $38.80.
In other news, CEO Michael S. Burke sold 56,800 shares of AECOM stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $36.86, for a total transaction of $2,093,648.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael S. Burke sold 30,000 shares of AECOM stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $37.00, for a total value of $1,110,000.00. Following the sale, the chief executive officer now directly owns 154,362 shares in the company, valued at $5,711,394. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by insiders.
AECOM (NYSE ACM) traded down 0.25% on Thursday, hitting $35.88. The stock had a trading volume of 215,894 shares. The company’s 50-day moving average is $34.54 and its 200-day moving average is $33.28. The stock has a market cap of $5.62 billion, a P/E ratio of 21.97 and a beta of 1.69. AECOM has a one year low of $26.46 and a one year high of $40.72.
AECOM (NYSE:ACM) last announced its earnings results on Tuesday, August 8th. The construction company reported $0.78 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.78. AECOM had a return on equity of 12.19% and a net margin of 1.46%. The business had revenue of $4.56 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same period in the previous year, the company earned $0.81 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, analysts anticipate that AECOM will post $2.91 earnings per share for the current fiscal year.
AECOM announced that its Board of Directors has initiated 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 purchase up to 18.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board 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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