9,767 Shares in Aecom (ACM) Purchased by Engineers Gate Manager LP
Engineers Gate Manager LP acquired a new stake in shares of Aecom (NYSE:ACM) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 9,767 shares of the construction company’s stock, valued at approximately $363,000.
Other large investors also recently added to or reduced their stakes in the company. Crow Point Partners LLC bought a new stake in shares of Aecom during the 3rd quarter valued at $102,000. Boston Advisors LLC bought a new stake in shares of Aecom during the 4th quarter valued at $206,000. CIBC Asset Management Inc bought a new stake in shares of Aecom during the 3rd quarter valued at $204,000. ING Groep NV bought a new stake in shares of Aecom during the 3rd quarter valued at $224,000. Finally, Pure Financial Advisors Inc. bought a new stake in shares of Aecom during the 4th quarter valued at $244,000. Institutional investors own 81.52% of the company’s stock.
In other news, Director Rob J. Routs sold 6,468 shares of the company’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $37.12, for a total value of $240,092.16. Following the completion of the transaction, the director now directly owns 18,904 shares in the company, valued at approximately $701,716.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Daniel R. Tishman sold 15,000 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $38.26, for a total value of $573,900.00. The disclosure for this sale can be found here. Insiders sold a total of 82,486 shares of company stock valued at $3,170,752 over the last quarter. Company insiders own 0.74% of the company’s stock.
Aecom (NYSE:ACM) last posted its quarterly earnings data 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. Aecom had a return on equity of 11.74% and a net margin of 2.15%. The firm had revenue of $4.91 billion during the quarter, compared to analysts’ expectations of $4.71 billion. During the same period in the prior year, the business earned $0.53 EPS. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. equities analysts predict that Aecom will post 2.68 earnings per share for the current fiscal year.
A number of research firms recently issued reports on ACM. DA Davidson boosted their price objective on Aecom to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. Citigroup upped their target price on Aecom from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Canaccord Genuity restated a “hold” rating and issued a $36.00 target price on shares of Aecom in a research note on Tuesday, November 14th. Argus upped their target price on Aecom from $37.00 to $43.00 and gave the stock a “buy” rating in a research note on Monday, November 27th. They noted that the move was a valuation call. Finally, UBS Group restated a “buy” rating and issued a $4.00 target price (down from $40.00) on shares of Aecom in a research note on Tuesday, November 14th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Aecom currently has a consensus rating of “Hold” and an average price target of $36.40.
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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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