Three Peaks Capital Management LLC lessened its holdings in shares of Aecom (NYSE:ACM) by 18.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 220,143 shares of the construction company’s stock after selling 51,031 shares during the period. Three Peaks Capital Management LLC owned approximately 0.14% of Aecom worth $7,844,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of ACM. Luminus Management LLC lifted its holdings in shares of Aecom by 79.8% during the 4th quarter. Luminus Management LLC now owns 1,475,227 shares of the construction company’s stock valued at $54,805,000 after purchasing an additional 654,568 shares during the last quarter. MD Sass Investors Services Inc. purchased a new stake in shares of Aecom during the 1st quarter valued at $21,728,000. Clearbridge LLC lifted its holdings in shares of Aecom by 80.3% during the 4th quarter. Clearbridge LLC now owns 1,307,870 shares of the construction company’s stock valued at $48,587,000 after purchasing an additional 582,500 shares during the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Aecom during the 4th quarter valued at $17,573,000. Finally, Intrinsic Edge Capital Management LLC purchased a new stake in shares of Aecom during the 1st quarter valued at $14,901,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.
Several brokerages have recently commented on ACM. Zacks Investment Research lowered Aecom from a “buy” rating to a “hold” rating in a report on Friday, May 11th. TheStreet lowered Aecom from a “b” rating to a “c+” rating in a report on Tuesday, May 8th. Canaccord Genuity reiterated a “hold” rating and set a $40.00 price objective on shares of Aecom in a report on Wednesday, May 9th. ValuEngine lowered Aecom from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Finally, DA Davidson increased their price objective on Aecom to $40.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Aecom currently has an average rating of “Hold” and an average target price of $37.00.
In related news, insider Chuan-Sheng Chiao sold 1,700 shares of the firm’s stock in a transaction on Friday, June 1st. The stock was sold at an average price of $33.31, for a total value of $56,627.00. Following the completion of the transaction, the insider now owns 39,816 shares in the company, valued at approximately $1,326,270.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lara Poloni sold 4,976 shares of the firm’s stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $36.70, for a total value of $182,619.20. Following the completion of the transaction, the insider now owns 3,895 shares of the company’s stock, valued at approximately $142,946.50. The disclosure for this sale can be found here. Insiders sold a total of 26,376 shares of company stock valued at $897,029 in the last 90 days. 0.74% of the stock is currently owned by company insiders.
Shares of Aecom opened at $34.25 on Thursday, MarketBeat.com reports. The firm has a market capitalization of $5.44 billion, a P/E ratio of 11.65, a PEG ratio of 2.25 and a beta of 1.65. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.89. Aecom has a 1 year low of $30.15 and a 1 year high of $39.90.
Aecom (NYSE:ACM) last issued its earnings results on Tuesday, May 8th. The construction company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.01. The company had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.82 billion. Aecom had a return on equity of 10.60% and a net margin of 0.95%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $0.89 EPS. analysts forecast that Aecom will post 2.71 EPS for the current fiscal year.
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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