New Mexico Educational Retirement Board acquired a new position in Aecom (NYSE:ACM) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 38,813 shares of the construction company’s stock, valued at approximately $1,442,000.
Other hedge funds have also recently made changes to their positions in the company. Boston Advisors LLC bought a new stake in shares of Aecom in the 4th quarter worth approximately $206,000. CIBC Asset Management Inc bought a new stake in shares of Aecom in the 3rd quarter worth approximately $204,000. ING Groep NV bought a new stake in shares of Aecom in the 3rd quarter worth approximately $224,000. Alps Advisors Inc. bought a new stake in shares of Aecom in the 4th quarter worth approximately $239,000. Finally, Pure Financial Advisors Inc. bought a new stake in shares of Aecom in the 4th quarter worth approximately $244,000. Institutional investors own 83.74% of the company’s stock.
Aecom (NYSE:ACM) opened at $35.36 on Tuesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.21 and a quick ratio of 1.21. Aecom has a 52-week low of $30.15 and a 52-week high of $39.90. The stock has a market capitalization of $5,628.22, a price-to-earnings ratio of 13.98, a price-to-earnings-growth ratio of 2.36 and a beta of 1.70.
Aecom (NYSE:ACM) last issued its quarterly earnings data on Tuesday, February 6th. The construction company reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.02. Aecom had a return on equity of 11.74% and a net margin of 2.15%. The firm had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter in the previous year, the company posted $0.53 EPS. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. equities research analysts expect that Aecom will post 2.69 earnings per share for the current year.
In other Aecom news, Director James H. Fordyce sold 4,390 shares of Aecom stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $38.00, for a total value of $166,820.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael S. Burke sold 30,000 shares of Aecom stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $39.00, for a total value of $1,170,000.00. Following the completion of the transaction, the chief executive officer now owns 157,649 shares of the company’s stock, valued at approximately $6,148,311. The disclosure for this sale can be found here. In the last quarter, insiders sold 82,486 shares of company stock valued at $3,170,752. Corporate insiders own 0.74% of the company’s stock.
Several equities analysts recently commented on ACM shares. Credit Suisse Group restated a “neutral” rating on shares of Aecom in a research report on Tuesday, November 14th. DA Davidson raised their target price on Aecom to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. Zacks Investment Research downgraded Aecom from a “hold” rating to a “sell” rating in a research report on Thursday, February 1st. Robert W. Baird upgraded Aecom from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $40.00 to $45.00 in a research report on Wednesday, January 3rd. Finally, Citigroup raised their target price on Aecom from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $36.40.
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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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