Aecom (ACM) Position Lifted by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. boosted its holdings in shares of Aecom (NYSE:ACM) by 19.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,105 shares of the construction company’s stock after buying an additional 11,025 shares during the period. Oppenheimer & Co. Inc.’s holdings in Aecom were worth $2,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in shares of Aecom by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 4,742,824 shares of the construction company’s stock valued at $174,587,000 after purchasing an additional 24,471 shares during the period. State Street Corp increased its holdings in shares of Aecom by 1.1% in the second quarter. State Street Corp now owns 3,977,619 shares of the construction company’s stock valued at $128,599,000 after purchasing an additional 44,044 shares during the period. Wedge Capital Management L L P NC increased its holdings in shares of Aecom by 1.5% in the fourth quarter. Wedge Capital Management L L P NC now owns 1,382,021 shares of the construction company’s stock valued at $51,342,000 after purchasing an additional 20,483 shares during the period. Prudential Financial Inc. increased its holdings in shares of Aecom by 7.5% in the third quarter. Prudential Financial Inc. now owns 1,048,130 shares of the construction company’s stock valued at $38,581,000 after purchasing an additional 73,060 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in shares of Aecom by 36.7% in the third quarter. Russell Investments Group Ltd. now owns 984,497 shares of the construction company’s stock valued at $36,240,000 after purchasing an additional 264,266 shares during the period. 81.52% of the stock is currently owned by institutional investors.

ACM has been the topic of a number of research reports. Credit Suisse Group reissued a “neutral” rating on shares of Aecom in a report on Tuesday, November 14th. DA Davidson raised their target price on Aecom to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. Zacks Investment Research lowered Aecom from a “hold” rating to a “sell” rating in a report on Thursday, February 1st. Robert W. Baird raised Aecom from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $40.00 to $45.00 in a report on Wednesday, January 3rd. Finally, Citigroup raised their target price on Aecom from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, February 6th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $36.40.

Shares of Aecom (ACM) opened at $35.26 on Thursday. The company has a market capitalization of $5,555.00, a PE ratio of 11.71, a P/E/G ratio of 1.86 and a beta of 1.70. Aecom has a 1-year low of $30.15 and a 1-year high of $39.90. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.86.

Aecom (NYSE:ACM) last issued its quarterly earnings results on Tuesday, February 6th. The construction company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The company had revenue of $4.91 billion for the quarter, compared to the consensus estimate of $4.71 billion. Aecom had a return on equity of 11.74% and a net margin of 2.15%. Aecom’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.53 earnings per share. analysts predict that Aecom will post 2.68 EPS for the current year.

In other Aecom news, CEO Michael S. Burke sold 30,000 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $39.00, for a total transaction of $1,170,000.00. Following the transaction, the chief executive officer now owns 157,649 shares in the company, valued at $6,148,311. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Daniel R. Tishman sold 15,000 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $38.88, for a total value of $583,200.00. Following the transaction, the insider now owns 129,095 shares in the company, valued at approximately $5,019,213.60. The disclosure for this sale can be found here. Insiders have sold 82,486 shares of company stock worth $3,170,752 in the last quarter. 0.74% of the stock is currently owned by company insiders.

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Aecom 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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Institutional Ownership by Quarter for Aecom (NYSE:ACM)

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