Quantitative Investment Management LLC boosted its position in AECOM (NYSE:ACM) by 75.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 120,800 shares of the construction company’s stock after purchasing an additional 52,000 shares during the period. Quantitative Investment Management LLC owned approximately 0.08% of AECOM worth $4,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Rhumbline Advisers lifted its stake in AECOM by 0.5% in the third quarter. Rhumbline Advisers now owns 275,776 shares of the construction company’s stock worth $10,151,000 after purchasing an additional 1,412 shares during the last quarter. Retirement Systems of Alabama lifted its stake in AECOM by 0.4% in the third quarter. Retirement Systems of Alabama now owns 320,944 shares of the construction company’s stock worth $11,814,000 after purchasing an additional 1,435 shares during the last quarter. KBC Group NV lifted its stake in AECOM by 14.1% in the fourth quarter. KBC Group NV now owns 11,646 shares of the construction company’s stock worth $433,000 after purchasing an additional 1,443 shares during the last quarter. Amalgamated Bank lifted its stake in AECOM by 5.9% in the fourth quarter. Amalgamated Bank now owns 31,368 shares of the construction company’s stock worth $1,165,000 after purchasing an additional 1,754 shares during the last quarter. Finally, American International Group Inc. lifted its stake in AECOM by 0.7% in the third quarter. American International Group Inc. now owns 320,597 shares of the construction company’s stock worth $11,801,000 after purchasing an additional 2,165 shares during the last quarter. 84.01% of the stock is owned by institutional investors and hedge funds.
Several analysts have issued reports on the stock. Zacks Investment Research downgraded shares of AECOM from a “buy” rating to a “hold” rating in a research note on Friday. DA Davidson raised their price objective on shares of AECOM to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. Citigroup raised their price objective on shares of AECOM from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Robert W. Baird raised shares of AECOM from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $40.00 to $45.00 in a research note on Wednesday, January 3rd. Finally, Barclays assumed coverage on shares of AECOM in a research note on Tuesday, December 12th. They issued an “underweight” rating and a $34.00 price objective for the company. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. AECOM presently has a consensus rating of “Hold” and a consensus target price of $36.73.
AECOM stock opened at $34.97 on Friday. 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 has a fifty-two week low of $30.15 and a fifty-two week high of $39.90. The company has a market cap of $5,718.95, a PE ratio of 11.89, a P/E/G ratio of 2.40 and a beta of 1.65.
AECOM (NYSE:ACM) last posted its quarterly earnings results on Tuesday, February 6th. The construction company reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.02. AECOM had a net margin of 2.15% and a return on equity of 11.74%. 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 firm posted $0.53 earnings per share. The company’s revenue was up 12.7% on a year-over-year basis. sell-side analysts predict that AECOM will post 2.69 EPS for the current year.
In related news, Director Linda M. Griego sold 5,160 shares of AECOM stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $38.11, for a total transaction of $196,647.60. Following the transaction, the director now directly owns 33,335 shares of the company’s stock, valued at $1,270,396.85. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Vice Chairman Daniel R. Tishman sold 15,000 shares of AECOM stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $38.88, for a total transaction of $583,200.00. Following the transaction, the insider now directly owns 129,095 shares in the company, valued at $5,019,213.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,136 shares of company stock worth $1,517,467. 0.74% of the stock is currently owned by corporate insiders.
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AECOM, together with its subsidiaries, engages in designing, building, financing, and operating infrastructure assets worldwide. The company operates through four segments: Design and Consulting Services (DCS), Construction Services (CS), Management Services (MS), and AECOM Capital (ACAP). The DCS segment provides planning, consulting, architectural and engineering design, program management, and construction management services for industrial, commercial, institutional, and government clients, such as transportation, facilities, environmental, and energy/power markets.
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