FIL Ltd trimmed its position in shares of Aecom (NYSE:ACM) by 5.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 349,511 shares of the construction company’s stock after selling 20,758 shares during the quarter. FIL Ltd’s holdings in Aecom were worth $10,370,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Thompson Siegel & Walmsley LLC grew its stake in shares of Aecom by 2.3% during the first quarter. Thompson Siegel & Walmsley LLC now owns 539,245 shares of the construction company’s stock worth $15,999,000 after acquiring an additional 12,379 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Aecom by 0.6% during the first quarter. Principal Financial Group Inc. now owns 689,834 shares of the construction company’s stock worth $20,468,000 after acquiring an additional 3,872 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Aecom during the first quarter worth about $273,000. Commonwealth Bank of Australia grew its stake in shares of Aecom by 3.8% during the first quarter. Commonwealth Bank of Australia now owns 65,935 shares of the construction company’s stock worth $1,952,000 after acquiring an additional 2,400 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Aecom by 8.2% during the first quarter. PNC Financial Services Group Inc. now owns 5,191 shares of the construction company’s stock worth $153,000 after acquiring an additional 392 shares during the last quarter. 87.06% of the stock is owned by institutional investors.
In related news, EVP Carla J. Christofferson sold 8,403 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $32.00, for a total value of $268,896.00. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.26% of the stock is owned by corporate insiders.
ACM has been the topic of a number of research analyst reports. ValuEngine upgraded Aecom from a “sell” rating to a “hold” rating in a research note on Wednesday, February 20th. TheStreet upgraded Aecom from a “c+” rating to a “b-” rating in a research report on Monday, April 29th. Finally, Zacks Investment Research lowered Aecom from a “buy” rating to a “hold” rating in a research report on Tuesday, February 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $35.29.
Shares of NYSE ACM opened at $33.43 on Wednesday. The company has a market capitalization of $5.27 billion, a P/E ratio of 12.47 and a beta of 1.68. Aecom has a 52 week low of $24.83 and a 52 week high of $35.00. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.23.
Aecom (NYSE:ACM) last issued its earnings results on Wednesday, May 8th. The construction company reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.06. The firm had revenue of $5.04 billion for the quarter, compared to analyst estimates of $4.89 billion. Aecom had a return on equity of 10.08% and a net margin of 1.34%. Aecom’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 earnings per share. Sell-side analysts predict that Aecom will post 2.78 earnings per share for the current fiscal year.
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AECOM, together with its subsidiaries, engages in designing, building, financing, and operating infrastructure assets worldwide. It operates through four segments: Design and Consulting Services (DCS), Construction Services (CS), Management Services (MS), and AECOM Capital (ACAP). The DCS segment offers planning, consulting, architectural and engineering design, program management, and construction management services for industrial, commercial, institutional, and government clients, including the transportation, facilities, environmental, energy, and water markets.
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