AHL Partners LLP Sells 24,990 Shares of AECOM (ACM)
AHL Partners LLP trimmed its holdings in AECOM (NYSE:ACM) by 63.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,267 shares of the construction company’s stock after selling 24,990 shares during the period. AHL Partners LLP’s holdings in AECOM were worth $461,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of ACM. BlackRock Inc. raised its position in shares of AECOM by 15,313.2% in the first quarter. BlackRock Inc. now owns 12,670,699 shares of the construction company’s stock valued at $450,949,000 after buying an additional 12,588,492 shares during the last quarter. Vanguard Group Inc. raised its position in shares of AECOM by 12.4% in the first quarter. Vanguard Group Inc. now owns 13,266,548 shares of the construction company’s stock valued at $472,156,000 after buying an additional 1,466,683 shares during the last quarter. Harbour Capital Advisors LLC raised its position in shares of AECOM by 5,936.5% in the second quarter. Harbour Capital Advisors LLC now owns 408,975 shares of the construction company’s stock valued at $12,650,000 after buying an additional 402,200 shares during the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in shares of AECOM in the second quarter valued at about $12,098,000. Finally, Parametric Portfolio Associates LLC raised its position in shares of AECOM by 79.5% in the second quarter. Parametric Portfolio Associates LLC now owns 555,535 shares of the construction company’s stock valued at $17,960,000 after buying an additional 245,975 shares during the last quarter. Institutional investors and hedge funds own 82.07% of the company’s stock.
Shares of AECOM (NYSE ACM) opened at 35.32 on Friday. The company’s 50-day moving average is $35.26 and its 200 day moving average is $33.32. AECOM has a 52-week low of $26.46 and a 52-week high of $40.72. The firm has a market capitalization of $5.53 billion, a PE ratio of 21.63 and a beta of 1.69.
AECOM (NYSE:ACM) last announced its earnings results on Tuesday, August 8th. The construction company reported $0.78 earnings per share for the quarter, meeting the consensus estimate of $0.78. AECOM had a net margin of 1.46% and a return on equity of 12.19%. The firm had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the previous year, the company posted $0.81 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities analysts expect that AECOM will post $2.91 earnings per share for the current fiscal year.
AECOM declared that its Board of Directors has authorized a stock repurchase plan on Thursday, September 21st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to buy up to 18.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.
A number of equities research analysts have recently commented on the stock. Robert W. Baird cut shares of AECOM from an “outperform” rating to a “neutral” rating and set a $4.00 target price for the company. in a research report on Tuesday, July 4th. KeyCorp reiterated a “buy” rating on shares of AECOM in a research report on Friday, September 22nd. Zacks Investment Research upgraded shares of AECOM from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 19th. Canaccord Genuity reiterated a “hold” rating and issued a $36.00 target price on shares of AECOM in a research report on Tuesday, August 8th. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $37.00 target price on shares of AECOM in a research report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $38.80.
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In related news, CEO Michael S. Burke sold 56,800 shares of the business’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $36.86, for a total value of $2,093,648.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael S. Burke sold 30,000 shares of the business’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $37.00, for a total transaction of $1,110,000.00. Following the completion of the transaction, the chief executive officer now directly owns 154,362 shares of the company’s stock, valued at approximately $5,711,394. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.
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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