Northwestern Mutual Investment Management Company LLC raised its stake in shares of Aecom (NYSE:ACM) by 0.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,766 shares of the construction company’s stock after buying an additional 235 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Aecom were worth $953,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in Aecom during the fourth quarter valued at $43,483,000. Luminus Management LLC purchased a new position in shares of Aecom during the fourth quarter valued at approximately $35,939,000. Renaissance Technologies LLC purchased a new position in shares of Aecom during the fourth quarter valued at approximately $29,923,000. Russell Investments Group Ltd. purchased a new position in shares of Aecom during the fourth quarter valued at approximately $24,574,000. Finally, FMR LLC boosted its position in shares of Aecom by 2.4% in the fourth quarter. FMR LLC now owns 22,964,598 shares of the construction company’s stock valued at $834,992,000 after buying an additional 530,815 shares during the last quarter. Institutional investors own 84.21% of the company’s stock.
Aecom (NYSE:ACM) traded up 0.68% during mid-day trading on Friday, hitting $32.65. 897,777 shares of the stock were exchanged. Aecom has a 12-month low of $26.46 and a 12-month high of $40.72. The stock has a market capitalization of $5.08 billion, a P/E ratio of 22.99 and a beta of 1.90. The firm has a 50-day moving average price of $33.78 and a 200-day moving average price of $35.57.
Aecom (NYSE:ACM) last issued its quarterly earnings data on Tuesday, May 9th. The construction company reported $0.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.34. Aecom had a return on equity of 12.28% and a net margin of 0.94%. The business had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.47 billion. During the same period in the previous year, the firm earned $0.87 EPS. Aecom’s quarterly revenue was up 1.0% compared to the same quarter last year. Equities analysts predict that Aecom will post $2.98 earnings per share for the current fiscal year.
Several research analysts have commented on the stock. Deutsche Bank AG reiterated a “hold” rating and issued a $38.00 target price (down from $41.00) on shares of Aecom in a report on Saturday, April 22nd. Zacks Investment Research cut shares of Aecom from a “buy” rating to a “hold” rating in a report on Friday, April 21st. Robert W. Baird cut shares of Aecom from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $45.00 to $40.00 in a report on Friday, April 7th. TheStreet upgraded shares of Aecom from a “c+” rating to a “b” rating in a report on Thursday, March 16th. Finally, DA Davidson reiterated a “neutral” rating on shares of Aecom in a report on Wednesday, February 8th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $40.88.
In related news, EVP Carla J. Christofferson sold 9,599 shares of the business’s stock in a transaction that occurred on Friday, March 24th. The stock was sold at an average price of $34.60, for a total value of $332,125.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.14% of the stock is currently owned by insiders.
Aecom Company Profile
AECOM is engaged in designing, building, financing and operating infrastructure assets for governments, businesses and organizations. The Company’s segments include design and consulting services (DCS), construction services (CS) and management services (MS). Its DCS segment is engaged in planning, consulting, architectural and engineering design services to commercial and government clients in major end markets, such as transportation, facilities, environmental, energy, water and government.
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