Great West Life Assurance Co. Can Increases Stake in Aecom (ACM)
Great West Life Assurance Co. Can increased its holdings in Aecom (NYSE:ACM) by 5.5% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 351,860 shares of the construction company’s stock after purchasing an additional 18,273 shares during the period. Great West Life Assurance Co. Can owned approximately 0.22% of Aecom worth $11,529,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in ACM. Moneta Group Investment Advisors LLC purchased a new stake in Aecom during the 2nd quarter valued at $185,000. Paloma Partners Management Co purchased a new stake in Aecom during the 2nd quarter valued at $242,000. Raymond James & Associates boosted 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 buying an additional 2,044 shares during the period. Cornerstone Wealth Management LLC purchased a new stake in Aecom during the 2nd quarter valued at $300,000. Finally, ING Groep NV purchased a new stake in Aecom during the 2nd quarter valued at $342,000. 87.84% of the stock is owned by institutional investors.
Shares of NYSE ACM opened at $29.44 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.16 and a quick ratio of 1.16. Aecom has a 12 month low of $28.88 and a 12 month high of $39.90. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 10.99, a P/E/G ratio of 2.17 and a beta of 1.65.
In other Aecom news, insider Lara Poloni sold 1,607 shares of the company’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 transaction, the insider now directly owns 2,288 shares in the company, valued at approximately $74,337.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.74% of the stock is currently owned by corporate insiders.
Several equities research analysts have weighed in on the stock. Barclays set a $30.00 price target on shares of Aecom and gave the company a “sell” rating in a research report on Tuesday, November 13th. Zacks Investment Research cut shares of Aecom from a “hold” rating to a “sell” rating in a research report on Wednesday, November 14th. Citigroup dropped their price target on shares of Aecom from $42.00 to $41.00 and set a “buy” rating for the company in a research report on Tuesday, November 13th. Argus cut shares of Aecom from a “buy” rating to a “hold” rating in a research report on Wednesday, August 15th. Finally, Credit Suisse Group dropped their price target on shares of Aecom from $36.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, November 13th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $36.75.
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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.
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