Tower Research Capital LLC TRC lifted its stake in Aecom (NYSE:ACM) by 1,069.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,537 shares of the construction company’s stock after acquiring an additional 18,781 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Aecom were worth $670,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. Commonwealth Bank of Australia increased its position in shares of Aecom by 7.2% in the second quarter. Commonwealth Bank of Australia now owns 28,335 shares of the construction company’s stock valued at $932,000 after acquiring an additional 1,900 shares during the last quarter. Alps Advisors Inc. increased its position in shares of Aecom by 11.8% in the second quarter. Alps Advisors Inc. now owns 18,282 shares of the construction company’s stock valued at $604,000 after acquiring an additional 1,930 shares during the last quarter. Pitcairn Co. increased its position in shares of Aecom by 10.2% in the third quarter. Pitcairn Co. now owns 21,172 shares of the construction company’s stock valued at $691,000 after acquiring an additional 1,964 shares during the last quarter. Raymond James & Associates increased its position in shares of Aecom by 34.6% in the second quarter. Raymond James & Associates now owns 7,952 shares of the construction company’s stock valued at $263,000 after acquiring an additional 2,044 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its position in shares of Aecom by 4.9% in the second quarter. Canada Pension Plan Investment Board now owns 55,800 shares of the construction company’s stock valued at $1,843,000 after acquiring an additional 2,600 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Lara Poloni sold 1,607 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $32.49, for a total transaction of $52,211.43. Following the completion of the sale, the insider now owns 2,288 shares in the company, valued at $74,337.12. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.74% of the company’s stock.
A number of analysts recently issued reports on the company. Zacks Investment Research downgraded Aecom from a “hold” rating to a “sell” rating in a research report on Wednesday, November 14th. UBS Group set a $40.00 price target on Aecom and gave the stock a “buy” rating in a report on Tuesday, November 13th. Credit Suisse Group reduced their price target on Aecom from $36.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, November 13th. Barclays set a $30.00 price target on Aecom and gave the stock a “sell” rating in a report on Tuesday, November 13th. Finally, Citigroup reduced their price target on Aecom from $42.00 to $41.00 and set a “buy” rating for the company in a report on Tuesday, November 13th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $36.75.
Aecom stock opened at $29.64 on Friday. Aecom has a 52 week low of $28.88 and a 52 week high of $39.90. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market cap of $4.71 billion, a P/E ratio of 11.06, a price-to-earnings-growth ratio of 2.17 and a beta of 1.65.
Aecom (NYSE:ACM) last posted its quarterly earnings results on Monday, November 12th. The construction company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. Aecom had a return on equity of 10.16% and a net margin of 0.68%. The business had revenue of $5.31 billion during the quarter, compared to analysts’ expectations of $5.27 billion. During the same quarter last year, the company posted $0.74 earnings per share. Aecom’s quarterly revenue was up 9.3% on a year-over-year basis. As a group, sell-side analysts predict that Aecom will post 2.72 EPS for the current year.
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Aecom Company Profile
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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