Oregon Public Employees Retirement Fund Boosts Holdings in Aecom (ACM)

Oregon Public Employees Retirement Fund grew its stake in shares of Aecom (NYSE:ACM) by 2,617.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,705,832 shares of the construction company’s stock after purchasing an additional 1,643,066 shares during the quarter. Oregon Public Employees Retirement Fund owned 1.09% of Aecom worth $64,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Raymond James & Associates increased its position in Aecom by 34.6% during the 2nd quarter. Raymond James & Associates now owns 7,952 shares of the construction company’s stock valued at $263,000 after purchasing an additional 2,044 shares during the period. Seven Eight Capital LP purchased a new stake in shares of Aecom in the 3rd quarter worth about $862,000. Alps Advisors Inc. grew its position in shares of Aecom by 78.2% in the 3rd quarter. Alps Advisors Inc. now owns 32,582 shares of the construction company’s stock worth $1,064,000 after buying an additional 14,300 shares during the period. Russell Investments Group Ltd. grew its position in shares of Aecom by 41.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 555,411 shares of the construction company’s stock worth $18,137,000 after buying an additional 162,535 shares during the period. Finally, Arizona State Retirement System grew its position in shares of Aecom by 2.6% in the 3rd quarter. Arizona State Retirement System now owns 114,162 shares of the construction company’s stock worth $3,729,000 after buying an additional 2,851 shares during the period. Institutional investors own 88.61% of the company’s stock.

In related news, EVP Carla J. Christofferson sold 15,756 shares of the stock in a transaction dated Tuesday, December 18th. The shares were sold at an average price of $27.62, for a total transaction of $435,180.72. Following the sale, the executive vice president now directly owns 18,203 shares of the company’s stock, valued at approximately $502,766.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.26% of the company’s stock.

A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Aecom from a “buy” rating to a “hold” rating in a research report on Tuesday, February 12th. ValuEngine downgraded shares of Aecom from a “hold” rating to a “sell” rating in a research report on Friday, February 8th. KeyCorp set a $35.00 target price on shares of Aecom and gave the stock a “buy” rating in a research report on Tuesday, January 29th. Credit Suisse Group reaffirmed a “hold” rating and issued a $30.00 target price on shares of Aecom in a research report on Wednesday, December 12th. Finally, UBS Group set a $40.00 target price on shares of Aecom and gave the stock a “buy” rating in a research report on Tuesday, November 13th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $35.75.

NYSE:ACM opened at $30.44 on Monday. The stock has a market capitalization of $4.75 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 1.26 and a beta of 1.75. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.88. Aecom has a 1-year low of $24.83 and a 1-year high of $37.53.

Aecom (NYSE:ACM) last announced its quarterly earnings data on Tuesday, February 5th. The construction company reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.04. Aecom had a net margin of 0.38% and a return on equity of 10.15%. The company had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $4.97 billion. During the same period in the prior year, the firm posted $0.57 EPS. Aecom’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, analysts forecast that Aecom will post 2.75 EPS for the current fiscal year.

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Aecom 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.

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Institutional Ownership by Quarter for Aecom (NYSE:ACM)

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