Nomura Holdings Inc. bought a new position in shares of AECOM (NYSE:ACM) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,703 shares of the construction company’s stock, valued at approximately $347,000.
Other large investors have also bought and sold shares of the company. Nomura Asset Management Co. Ltd. increased its position in shares of AECOM by 4.9% during the first quarter. Nomura Asset Management Co. Ltd. now owns 3,410 shares of the construction company’s stock worth $122,000 after acquiring an additional 160 shares in the last quarter. Financial Architects Inc increased its position in shares of AECOM by 1.0% during the second quarter. Financial Architects Inc now owns 4,632 shares of the construction company’s stock worth $150,000 after acquiring an additional 48 shares in the last quarter. Global X Management Co. LLC increased its position in shares of AECOM by 220.7% during the second quarter. Global X Management Co. LLC now owns 4,923 shares of the construction company’s stock worth $159,000 after acquiring an additional 3,388 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of AECOM by 12.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,359 shares of the construction company’s stock worth $173,000 after acquiring an additional 576 shares in the last quarter. Finally, GAM Holding AG bought a new stake in shares of AECOM during the second quarter worth about $194,000. 82.07% of the stock is owned by institutional investors.
AECOM (NYSE:ACM) opened at 35.32 on Monday. The firm has a 50-day moving average of $35.26 and a 200-day moving average of $33.32. The stock has a market capitalization of $5.53 billion, a PE ratio of 21.63 and a beta of 1.69. AECOM has a 1-year low of $26.46 and a 1-year high of $40.72.
AECOM (NYSE:ACM) last released its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.78 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.78. The business had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.54 billion. AECOM had a net margin of 1.46% and a return on equity of 12.19%. AECOM’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the business earned $0.81 EPS. Equities analysts expect that AECOM will post $2.91 EPS for the current fiscal year.
AECOM announced that its Board of Directors has approved a share repurchase program on Thursday, September 21st that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the construction company to repurchase up to 18.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
ACM has been the subject of a number of recent analyst reports. Robert W. Baird reaffirmed a “neutral” rating and issued a $38.00 price objective (up from $36.00) on shares of AECOM in a research report on Friday, September 22nd. KeyCorp reaffirmed a “buy” rating on shares of AECOM in a research report on Friday, September 22nd. Zacks Investment Research raised shares of AECOM from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 19th. Citigroup Inc. set a $40.00 price objective on shares of AECOM and gave the stock a “buy” rating in a research report on Thursday, August 17th. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $37.00 price objective on shares of AECOM in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. AECOM currently has an average rating of “Hold” and an average price target of $38.80.
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In other news, CEO Michael S. Burke sold 30,000 shares of AECOM stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $37.00, for a total value 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 $5,711,394. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael S. Burke sold 56,800 shares of AECOM stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $36.86, for a total transaction of $2,093,648.00. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.
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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