Electron Capital Partners LLC lessened its position in shares of Aecom (NYSE:ACM) by 42.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 514,303 shares of the construction company’s stock after selling 376,034 shares during the period. Aecom comprises 3.2% of Electron Capital Partners LLC’s portfolio, making the stock its 10th largest position. Electron Capital Partners LLC owned 0.32% of Aecom worth $19,106,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in ACM. Aperio Group LLC lifted its holdings in Aecom by 15.7% during the 3rd quarter. Aperio Group LLC now owns 47,878 shares of the construction company’s stock worth $1,762,000 after buying an additional 6,490 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Aecom by 37.2% during the 3rd quarter. Victory Capital Management Inc. now owns 36,114 shares of the construction company’s stock worth $1,329,000 after buying an additional 9,801 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in Aecom by 100.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 93,300 shares of the construction company’s stock worth $3,434,000 after buying an additional 46,800 shares during the last quarter. Stevens Capital Management LP bought a new position in Aecom during the 3rd quarter worth approximately $1,603,000. Finally, Prudential Financial Inc. lifted its holdings in Aecom by 7.5% during the 3rd quarter. Prudential Financial Inc. now owns 1,048,130 shares of the construction company’s stock worth $38,581,000 after buying an additional 73,060 shares during the last quarter. 83.99% of the stock is currently owned by institutional investors.
In related news, Vice Chairman Daniel R. Tishman sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $37.00, for a total value of $555,000.00. Following the sale, the insider now directly owns 114,095 shares in the company, valued at approximately $4,221,515. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Rob J. Routs sold 6,468 shares of the firm’s stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $37.12, for a total value of $240,092.16. Following the completion of the sale, the director now owns 18,904 shares in the company, valued at $701,716.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 97,486 shares of company stock worth $3,725,752. 0.74% of the stock is owned by insiders.
Aecom (NYSE:ACM) last announced its quarterly earnings results on Tuesday, February 6th. The construction company reported $0.57 earnings per share 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 business had revenue of $4.91 billion for the quarter, compared to analysts’ expectations of $4.71 billion. During the same period in the prior year, the firm earned $0.53 EPS. The business’s quarterly revenue was up 12.7% on a year-over-year basis. research analysts predict that Aecom will post 2.69 earnings per share for the current fiscal year.
A number of research analysts have commented on the company. Citigroup increased their target price on Aecom from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, February 6th. Zacks Investment Research upgraded Aecom from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. UBS Group reiterated a “buy” rating and set a $4.00 price target (down from $40.00) on shares of Aecom in a research report on Tuesday, November 14th. Argus increased their price target on Aecom from $37.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, November 27th. They noted that the move was a valuation call. Finally, Canaccord Genuity reiterated a “hold” rating and set a $36.00 price target on shares of Aecom in a research report on Tuesday, November 14th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $36.40.
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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