PNC Financial Services Group Inc. boosted its stake in shares of Aecom (NYSE:ACM) by 84.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,657 shares of the construction company’s stock after acquiring an additional 8,973 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Aecom were worth $702,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. American International Group Inc. raised its stake in Aecom by 1.7% during the fourth quarter. American International Group Inc. now owns 326,085 shares of the construction company’s stock worth $12,114,000 after acquiring an additional 5,488 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Aecom by 2.6% during the fourth quarter. Bank of New York Mellon Corp now owns 2,206,181 shares of the construction company’s stock worth $81,959,000 after acquiring an additional 54,988 shares in the last quarter. Guggenheim Capital LLC raised its stake in Aecom by 9.5% during the fourth quarter. Guggenheim Capital LLC now owns 180,802 shares of the construction company’s stock worth $6,717,000 after acquiring an additional 15,759 shares in the last quarter. Swiss National Bank raised its stake in Aecom by 3.2% during the fourth quarter. Swiss National Bank now owns 266,980 shares of the construction company’s stock worth $9,918,000 after acquiring an additional 8,300 shares in the last quarter. Finally, Koch Industries Inc. raised its stake in Aecom by 57.6% during the fourth quarter. Koch Industries Inc. now owns 11,987 shares of the construction company’s stock worth $445,000 after acquiring an additional 4,382 shares in the last quarter. Hedge funds and other institutional investors own 85.39% of the company’s stock.
Several research firms have issued reports on ACM. Canaccord Genuity reiterated a “hold” rating and set a $40.00 price objective on shares of Aecom in a research note on Wednesday, May 9th. ValuEngine lowered Aecom from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Zacks Investment Research upgraded Aecom from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Wednesday, May 9th. Finally, TheStreet lowered Aecom from a “b” rating to a “c+” rating in a research note on Tuesday, May 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. Aecom currently has a consensus rating of “Hold” and an average target price of $37.00.
In related news, insider Chuan-Sheng Chiao sold 19,700 shares of the firm’s stock in a transaction dated Monday, June 4th. The stock was sold at an average price of $33.39, for a total value of $657,783.00. Following the transaction, the insider now owns 39,816 shares in the company, valued at $1,329,456.24. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.74% of the stock is currently owned by corporate insiders.
Shares of ACM stock opened at $33.60 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.89. The firm has a market cap of $5.45 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 2.26 and a beta of 1.65. Aecom has a 52 week low of $30.15 and a 52 week high of $39.90.
Aecom (NYSE:ACM) last announced its earnings results on Tuesday, May 8th. The construction company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.66 by $0.01. The company had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $4.82 billion. Aecom had a return on equity of 10.60% and a net margin of 0.95%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.89 earnings per share. equities analysts predict that Aecom will post 2.71 EPS for the current year.
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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