Aecom (ACM) Shares Bought by Commonwealth Bank of Australia
Commonwealth Bank of Australia grew its holdings in shares of Aecom (NYSE:ACM) by 45.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,000 shares of the construction company’s stock after purchasing an additional 5,600 shares during the period. Commonwealth Bank of Australia’s holdings in Aecom were worth $658,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of ACM. Aperio Group LLC boosted its position in shares of Aecom by 14.0% in the 2nd quarter. Aperio Group LLC now owns 41,388 shares of the construction company’s stock valued at $1,338,000 after purchasing an additional 5,094 shares during the period. Great West Life Assurance Co. Can boosted its position in shares of Aecom by 2.6% in the 2nd quarter. Great West Life Assurance Co. Can now owns 258,266 shares of the construction company’s stock valued at $8,343,000 after purchasing an additional 6,596 shares during the period. Sei Investments Co. boosted its position in shares of Aecom by 205.7% in the 2nd quarter. Sei Investments Co. now owns 245,555 shares of the construction company’s stock valued at $7,938,000 after purchasing an additional 165,237 shares during the period. Retirement Systems of Alabama boosted its position in shares of Aecom by 1.9% in the 2nd quarter. Retirement Systems of Alabama now owns 319,509 shares of the construction company’s stock valued at $10,330,000 after purchasing an additional 5,982 shares during the period. Finally, Global X Management Co. LLC boosted its position in shares of Aecom by 220.7% in the 2nd quarter. Global X Management Co. LLC now owns 4,923 shares of the construction company’s stock valued at $159,000 after purchasing an additional 3,388 shares during the period. 82.39% of the stock is currently owned by institutional investors.
Shares of Aecom (NYSE ACM) opened at $37.88 on Thursday. Aecom has a 1 year low of $30.15 and a 1 year high of $40.72. The company has a market capitalization of $5,909.33, a PE ratio of 12.75, a price-to-earnings-growth ratio of 2.01 and a beta of 1.73. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.20 and a current ratio of 1.20.
Aecom (NYSE:ACM) last announced its quarterly earnings data on Monday, November 13th. The construction company reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.03. The firm had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.63 billion. Aecom had a return on equity of 12.12% and a net margin of 1.86%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period last year, the company posted $0.65 EPS. equities analysts predict that Aecom will post 2.66 earnings per share for the current fiscal year.
Aecom declared that its Board of Directors has authorized a share buyback plan on Thursday, September 21st that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 18.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
In other news, CEO Michael S. Burke sold 30,000 shares of Aecom stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $37.00, for a total transaction of $1,110,000.00. Following the completion of the sale, the chief executive officer now directly owns 154,362 shares in the company, valued at approximately $5,711,394. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael S. Burke sold 56,800 shares of Aecom 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 disclosure for this sale can be found here. 0.73% of the stock is owned by insiders.
A number of equities analysts recently weighed in on the company. Zacks Investment Research lowered Aecom from a “hold” rating to a “strong sell” rating in a research report on Friday, August 11th. Robert W. Baird reiterated a “hold” rating and issued a $36.00 price target on shares of Aecom in a research report on Tuesday, September 5th. Citigroup set a $40.00 price target on Aecom and gave the company a “buy” rating in a research report on Thursday, August 17th. Canaccord Genuity reiterated a “hold” rating and issued a $36.00 price target on shares of Aecom in a research report on Tuesday, November 14th. Finally, UBS reiterated a “buy” rating and issued a $4.00 price target (down previously from $40.00) on shares of Aecom in a research report on Tuesday, November 14th. One 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 an average rating of “Hold” and a consensus target price of $32.70.
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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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