Brandywine Global Investment Management LLC trimmed its position in Aecom (NYSE:ACM) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,904,645 shares of the construction company’s stock after selling 85,011 shares during the quarter. Brandywine Global Investment Management LLC owned 1.20% of Aecom worth $70,758,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Aperio Group LLC grew its position in shares of Aecom by 15.7% in the 3rd quarter. Aperio Group LLC now owns 47,878 shares of the construction company’s stock worth $1,762,000 after acquiring an additional 6,490 shares in the last quarter. Victory Capital Management Inc. boosted its position in Aecom by 37.2% during the 3rd quarter. Victory Capital Management Inc. now owns 36,114 shares of the construction company’s stock worth $1,329,000 after acquiring an additional 9,801 shares during the period. Canada Pension Plan Investment Board boosted its position in Aecom by 100.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 93,300 shares of the construction company’s stock worth $3,434,000 after acquiring an additional 46,800 shares during the period. Stevens Capital Management LP acquired a new position in Aecom during the 3rd quarter worth $1,603,000. Finally, Prudential Financial Inc. boosted its position in Aecom by 7.5% during the 3rd quarter. Prudential Financial Inc. now owns 1,048,130 shares of the construction company’s stock worth $38,581,000 after acquiring an additional 73,060 shares during the period. Institutional investors own 83.99% of the company’s stock.
A number of equities research analysts have recently issued reports on ACM shares. DA Davidson boosted 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 note on Thursday, February 1st. Robert W. Baird upgraded Aecom from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $40.00 to $45.00 in a research note on Wednesday, January 3rd. Citigroup boosted their price objective on Aecom from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Finally, Argus upped 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. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. Aecom presently has a consensus rating of “Hold” and an average price target of $36.40.
Shares of Aecom (NYSE ACM) opened at $36.39 on Friday. Aecom has a 12 month low of $30.15 and a 12 month high of $39.90. The stock has a market capitalization of $5,787.39, a PE ratio of 14.38, a price-to-earnings-growth ratio of 2.43 and a beta of 1.72. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.86.
Aecom (NYSE:ACM) last released its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter last year, the business posted $0.53 EPS. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. equities research analysts forecast that Aecom will post 2.69 earnings per share for the current fiscal year.
In other news, Director Rob J. Routs sold 6,468 shares of the firm’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $37.12, for a total value of $240,092.16. Following the completion of the transaction, the director now owns 18,904 shares in the company, valued at approximately $701,716.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lara Poloni sold 4,976 shares of the firm’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $36.70, for a total value of $182,619.20. Following the completion of the transaction, the insider now owns 3,895 shares of the company’s stock, valued at approximately $142,946.50. The disclosure for this sale can be found here. Insiders sold a total of 53,072 shares of company stock valued at $1,997,651 in the last 90 days. 0.74% of the stock is owned by corporate insiders.
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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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