Three Peaks Capital Management LLC Invests $2.59 Million in Aecom (NYSE:ACM)

Three Peaks Capital Management LLC acquired a new position in Aecom (NYSE:ACM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 60,086 shares of the construction company’s stock, valued at approximately $2,592,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ACM. World Asset Management Inc boosted its holdings in Aecom by 3.5% during the 3rd quarter. World Asset Management Inc now owns 11,358 shares of the construction company’s stock valued at $427,000 after acquiring an additional 388 shares during the period. Smith Graham & Co. Investment Advisors LP boosted its holdings in Aecom by 0.3% during the 3rd quarter. Smith Graham & Co. Investment Advisors LP now owns 148,030 shares of the construction company’s stock valued at $5,560,000 after acquiring an additional 500 shares during the period. Texas Permanent School Fund boosted its holdings in Aecom by 0.5% during the 3rd quarter. Texas Permanent School Fund now owns 107,355 shares of the construction company’s stock valued at $4,032,000 after acquiring an additional 570 shares during the period. Synovus Financial Corp boosted its holdings in Aecom by 5.6% during the 3rd quarter. Synovus Financial Corp now owns 10,835 shares of the construction company’s stock valued at $408,000 after acquiring an additional 572 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Aecom by 6.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,744 shares of the construction company’s stock valued at $404,000 after acquiring an additional 696 shares during the period. Hedge funds and other institutional investors own 87.33% of the company’s stock.

In other news, insider John C. Vollmer sold 30,240 shares of the stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $43.28, for a total value of $1,308,787.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Peter A. Feld bought 200,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was purchased at an average cost of $42.56 per share, with a total value of $8,512,000.00. The disclosure for this purchase can be found here. Company insiders own 1.26% of the company’s stock.

Several equities research analysts recently weighed in on the company. Barclays increased their target price on Aecom from $38.00 to $48.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Robert W. Baird increased their target price on Aecom from $49.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. TheStreet cut Aecom from a “b-” rating to a “c+” rating in a report on Monday, December 9th. KeyCorp increased their target price on Aecom from $40.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, UBS Group restated a “buy” rating and set a $50.00 target price (up from $42.00) on shares of Aecom in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $46.00.

NYSE ACM traded up $0.08 on Friday, hitting $50.35. The company’s stock had a trading volume of 26,352 shares, compared to its average volume of 1,999,100. Aecom has a 52-week low of $28.11 and a 52-week high of $50.32. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.84. The company’s 50-day simple moving average is $43.74 and its 200 day simple moving average is $39.28. The firm has a market cap of $7.85 billion, a P/E ratio of 18.31, a PEG ratio of 1.22 and a beta of 1.75.

Aecom (NYSE:ACM) last released its quarterly earnings data on Tuesday, November 12th. The construction company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.01). Aecom had a positive return on equity of 10.32% and a negative net margin of 1.29%. The business had revenue of $5.12 billion during the quarter, compared to analysts’ expectations of $5.30 billion. During the same quarter last year, the business posted $0.83 EPS. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, research analysts forecast that Aecom will post 3.31 EPS for the current fiscal year.

Aecom Company Profile

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.

Further Reading: Dividend Reinvestment Plan (DRIP)

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Institutional Ownership by Quarter for Aecom (NYSE:ACM)

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