Oregon Public Employees Retirement Fund lifted its holdings in Aecom (NYSE:ACM) by 4.8% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,975 shares of the construction company’s stock after buying an additional 2,837 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Aecom were worth $2,047,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Cornerstone Wealth Management LLC purchased a new stake in Aecom during the second quarter valued at about $300,000. ING Groep NV purchased a new stake in Aecom during the second quarter valued at about $342,000. Old Mutual Global Investors UK Ltd. bought a new position in shares of Aecom during the first quarter valued at about $356,000. M&T Bank Corp raised its stake in shares of Aecom by 31.6% during the first quarter. M&T Bank Corp now owns 13,505 shares of the construction company’s stock valued at $481,000 after acquiring an additional 3,246 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Aecom by 96.0% during the second quarter. BNP Paribas Arbitrage SA now owns 15,284 shares of the construction company’s stock valued at $505,000 after acquiring an additional 7,485 shares during the last quarter. Hedge funds and other institutional investors own 84.41% of the company’s stock.
In other Aecom news, insider Lara Poloni sold 1,607 shares of the firm’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $32.49, for a total transaction of $52,211.43. Following the completion of the transaction, the insider now owns 2,288 shares of the company’s stock, valued at $74,337.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.74% of the stock is currently owned by company insiders.
Shares of NYSE ACM traded down $0.27 on Friday, reaching $32.46. 926,962 shares of the company’s stock traded hands, compared to its average volume of 828,688. Aecom has a 12 month low of $30.95 and a 12 month high of $39.90. The company has a market capitalization of $5.25 billion, a price-to-earnings ratio of 11.04, a P/E/G ratio of 2.19 and a beta of 1.57. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.20 and a current ratio of 1.20.
Aecom (NYSE:ACM) last announced its earnings results on Tuesday, August 7th. The construction company reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.01. Aecom had a net margin of 0.72% and a return on equity of 9.86%. The business had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $4.88 billion. During the same quarter last year, the firm earned $0.78 earnings per share. On average, analysts forecast that Aecom will post 2.68 earnings per share for the current fiscal year.
Several equities analysts have recently commented on the stock. Citigroup lowered their price objective on shares of Aecom from $45.00 to $42.00 and set a “buy” rating for the company in a research note on Wednesday, August 8th. Zacks Investment Research raised shares of Aecom from a “sell” rating to a “hold” rating in a research note on Thursday, August 9th. Credit Suisse Group lowered their price objective on shares of Aecom from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Wednesday, August 8th. Finally, Argus downgraded shares of Aecom from a “buy” rating to a “hold” rating in a research note on Wednesday, August 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $35.67.
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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