Northern Trust Corp lowered its stake in AECOM (NYSE:ACM) by 0.3% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,266,272 shares of the construction company’s stock after selling 3,729 shares during the quarter. Northern Trust Corp owned approximately 0.81% of AECOM worth $40,939,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of ACM. BlackRock Inc. lifted its stake in AECOM by 15,313.2% in the 1st quarter. BlackRock Inc. now owns 12,670,699 shares of the construction company’s stock valued at $450,949,000 after buying an additional 12,588,492 shares in the last quarter. Vanguard Group Inc. lifted its stake in AECOM by 12.4% in the 1st quarter. Vanguard Group Inc. now owns 13,266,548 shares of the construction company’s stock valued at $472,156,000 after buying an additional 1,466,683 shares in the last quarter. Harbour Capital Advisors LLC lifted its stake in AECOM by 5,936.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 408,975 shares of the construction company’s stock valued at $12,650,000 after buying an additional 402,200 shares in the last quarter. Thompson Siegel & Walmsley LLC purchased a new stake in AECOM in the 2nd quarter valued at approximately $12,098,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in AECOM in the 1st quarter valued at approximately $13,124,000. 82.06% of the stock is currently owned by hedge funds and other institutional investors.
Shares of AECOM (ACM) opened at 35.97 on Thursday. The firm has a market capitalization of $5.64 billion, a P/E ratio of 22.03 and a beta of 1.69. The stock’s 50 day moving average price is $34.54 and its 200-day moving average price is $33.28. 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, August 8th. The construction company reported $0.78 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.78. The company had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.54 billion. AECOM had a net margin of 1.46% and a return on equity of 12.19%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the business posted $0.81 EPS. On average, equities analysts expect that AECOM will post $2.91 EPS for the current year.
AECOM announced that its Board of Directors has initiated a share repurchase plan on Thursday, September 21st that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to buy up to 18.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.
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A number of equities research analysts recently issued reports on the company. Robert W. Baird reaffirmed a “neutral” rating and issued a $38.00 target price (up previously from $36.00) on shares of AECOM in a research note on Friday, September 22nd. KeyCorp reissued a “buy” rating on shares of AECOM in a research note on Friday, September 22nd. Zacks Investment Research raised AECOM from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 19th. Citigroup Inc. set a $40.00 price target on AECOM and gave the stock a “buy” rating in a research note on Thursday, August 17th. Finally, Credit Suisse Group reissued a “hold” rating and set a $37.00 price target on shares of AECOM in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $38.80.
In other AECOM news, CEO Michael S. Burke sold 56,800 shares of AECOM stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael S. Burke sold 30,000 shares of AECOM stock in a transaction on Wednesday, September 27th. The shares were 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 directly owns 154,362 shares of the company’s stock, valued at approximately $5,711,394. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.
AECOM Company Profile
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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