Systematic Financial Management LP Reduces Position in AECOM (ACM)

Systematic Financial Management LP lessened its stake in AECOM (NYSE:ACM) by 5.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 46,735 shares of the construction company’s stock after selling 2,655 shares during the period. Systematic Financial Management LP’s holdings in AECOM were worth $1,720,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund boosted its position in AECOM by 4.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 56,153 shares of the construction company’s stock valued at $1,815,000 after buying an additional 2,382 shares during the period. LS Investment Advisors LLC boosted its position in AECOM by 18.3% in the 2nd quarter. LS Investment Advisors LLC now owns 12,604 shares of the construction company’s stock valued at $407,000 after buying an additional 1,947 shares during the period. Aperio Group LLC boosted its position in 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 buying an additional 5,094 shares during the period. State Treasurer State of Michigan boosted its position in AECOM by 1.7% in the 2nd quarter. State Treasurer State of Michigan now owns 64,200 shares of the construction company’s stock valued at $2,076,000 after buying an additional 1,100 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in AECOM by 13.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 720,231 shares of the construction company’s stock valued at $23,287,000 after buying an additional 86,327 shares during the period. Hedge funds and other institutional investors own 80.18% of the company’s stock.

In other news, CEO Michael S. Burke sold 56,800 shares of AECOM stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $36.86, for a total transaction of $2,093,648.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael S. Burke sold 30,000 shares of AECOM stock in a transaction on 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 sale, the chief executive officer now directly owns 154,362 shares of the company’s stock, valued at $5,711,394. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by insiders.

Several equities analysts have commented on the stock. DA Davidson reissued a “hold” rating and issued a $39.00 price target on shares of AECOM in a research report on Tuesday, November 14th. UBS AG reissued 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. Credit Suisse Group reissued a “neutral” rating on shares of AECOM in a research report on Tuesday, November 14th. Canaccord Genuity reissued a “hold” rating and issued a $36.00 price target on shares of AECOM in a research report on Tuesday, November 14th. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $4.00 price objective (down from $40.00) on shares of AECOM in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. AECOM has a consensus rating of “Hold” and a consensus target price of $31.70.

Shares of AECOM (NYSE ACM) opened at $36.10 on Friday. The stock has a market cap of $5,690.23, a price-to-earnings ratio of 12.28, a PEG ratio of 1.94 and a beta of 1.71. AECOM has a 1 year low of $30.15 and a 1 year high of $40.72. 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 released its quarterly earnings data on Monday, November 13th. The construction company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.03. The business had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.63 billion. AECOM had a net margin of 1.86% and a return on equity of 12.12%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 EPS. research analysts anticipate that AECOM will post 2.66 earnings per share for the current year.

AECOM announced that its Board of Directors has authorized a share repurchase plan on Thursday, September 21st that authorizes the company to repurchase $1.00 billion in 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 typically an indication that the company’s board of directors believes its shares are undervalued.

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About AECOM

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.

Institutional Ownership by Quarter for AECOM (NYSE:ACM)

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