Verition Fund Management LLC purchased a new position in Aecom (NYSE:ACM) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 24,609 shares of the construction company’s stock, valued at approximately $813,000.
A number of other hedge funds and other institutional investors have also modified their holdings of ACM. Moneta Group Investment Advisors LLC bought a new position in Aecom in the 2nd quarter worth approximately $185,000. Paloma Partners Management Co bought a new position in Aecom in the 2nd quarter worth approximately $242,000. Raymond James & Associates increased its position in Aecom by 34.6% in the 2nd quarter. Raymond James & Associates now owns 7,952 shares of the construction company’s stock worth $263,000 after buying an additional 2,044 shares during the period. Cornerstone Wealth Management LLC acquired a new stake in shares of Aecom during the 2nd quarter worth approximately $300,000. Finally, ING Groep NV acquired a new stake in shares of Aecom during the 2nd quarter worth approximately $342,000. 84.41% of the stock is currently owned by institutional investors.
Shares of NYSE:ACM opened at $32.84 on Tuesday. Aecom has a 1-year low of $30.95 and a 1-year high of $39.90. The company has a market cap of $5.31 billion, a PE ratio of 11.17, a PEG ratio of 2.22 and a beta of 1.59. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.87.
Several analysts have recently weighed in on the company. Credit Suisse Group decreased their price objective on Aecom from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Wednesday, August 8th. Argus lowered Aecom from a “buy” rating to a “hold” rating in a report on Wednesday, August 15th. Zacks Investment Research lowered Aecom from a “hold” rating to a “sell” rating in a report on Monday, July 16th. Finally, Citigroup decreased their price objective on Aecom from $45.00 to $42.00 and set a “buy” rating on the stock in a report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $36.00.
In related news, EVP Carla J. Christofferson sold 1,000 shares of the business’s stock in a transaction on Friday, July 6th. The stock was sold at an average price of $33.00, for a total value of $33,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Lara Poloni sold 1,607 shares of the business’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $32.49, for a total value of $52,211.43. Following the completion of the sale, the insider now directly owns 2,288 shares in the company, valued at approximately $74,337.12. The disclosure for this sale can be found here. 0.74% of the stock is owned by insiders.
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.
See Also: Short Selling
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