Schwab Charles Investment Management Inc. raised its stake in shares of Aecom (NYSE:ACM) by 6.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 831,350 shares of the construction company’s stock after acquiring an additional 52,276 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.53% of Aecom worth $30,885,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Crow Point Partners LLC bought a new position in shares of Aecom in the third quarter valued at about $102,000. CIBC Asset Management Inc bought a new position in shares of Aecom in the third quarter valued at about $204,000. ING Groep NV bought a new position in shares of Aecom in the third quarter valued at about $224,000. Pure Financial Advisors Inc. bought a new position in shares of Aecom in the fourth quarter valued at about $244,000. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Aecom in the third quarter valued at about $294,000. 81.52% of the stock is owned by institutional investors.
A number of research firms recently issued reports on ACM. Barclays began coverage on Aecom in a report on Tuesday, December 12th. They issued an “underweight” rating and a $34.00 price target for the company. Citigroup reaffirmed a “buy” rating and issued a $4.00 price target (down from $40.00) on shares of Aecom in a report on Friday, October 27th. Canaccord Genuity reaffirmed a “hold” rating and issued a $36.00 price target on shares of Aecom in a report on Tuesday, November 14th. Argus lifted their price target on Aecom from $37.00 to $43.00 and gave the company a “buy” rating in a report on Monday, November 27th. They noted that the move was a valuation call. Finally, UBS Group reaffirmed a “buy” rating and issued a $4.00 price target (down from $40.00) on shares of Aecom in a report on Tuesday, November 14th. Three analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Aecom currently has an average rating of “Hold” and a consensus target price of $36.40.
In other Aecom news, CEO Michael S. Burke sold 30,000 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $39.00, for a total transaction of $1,170,000.00. Following the completion of the sale, the chief executive officer now directly owns 157,649 shares of the company’s stock, valued at approximately $6,148,311. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James H. Fordyce sold 4,390 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $38.00, for a total value of $166,820.00. The disclosure for this sale can be found here. Insiders have sold a total of 82,486 shares of company stock valued at $3,170,752 over the last three months. Company insiders own 0.74% of the company’s stock.
Shares of Aecom (ACM) opened at $34.94 on Tuesday. The firm has a market capitalization of $5,502.48, a PE ratio of 11.60, a price-to-earnings-growth ratio of 1.84 and a beta of 1.70. Aecom has a twelve month low of $30.15 and a twelve month high of $39.90. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.86.
Aecom (NYSE:ACM) last announced its quarterly earnings data on Tuesday, February 6th. The construction company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.02. The firm had revenue of $4.91 billion during the quarter, compared to analysts’ expectations of $4.71 billion. Aecom had a return on equity of 11.74% and a net margin of 2.15%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.53 EPS. equities analysts anticipate that Aecom will post 2.68 earnings per share for the current fiscal year.
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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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