Amalgamated Bank lifted its stake in Aecom (NYSE:ACM) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,368 shares of the construction company’s stock after buying an additional 1,754 shares during the period. Amalgamated Bank’s holdings in Aecom were worth $1,165,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in shares of Aecom by 1.6% in the fourth quarter. BlackRock Inc. now owns 12,535,917 shares of the construction company’s stock valued at $465,709,000 after buying an additional 198,111 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Aecom by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 4,742,824 shares of the construction company’s stock valued at $174,587,000 after buying an additional 24,471 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Aecom by 2.6% in the fourth quarter. Bank of New York Mellon Corp now owns 2,206,181 shares of the construction company’s stock valued at $81,959,000 after buying an additional 54,988 shares during the period. Wedge Capital Management L L P NC lifted its stake in shares of Aecom by 1.5% in the fourth quarter. Wedge Capital Management L L P NC now owns 1,382,021 shares of the construction company’s stock valued at $51,342,000 after buying an additional 20,483 shares during the period. Finally, Prudential Financial Inc. lifted its stake in shares of Aecom by 7.5% in the third quarter. Prudential Financial Inc. now owns 1,048,130 shares of the construction company’s stock valued at $38,581,000 after buying an additional 73,060 shares during the period. Institutional investors and hedge funds own 83.99% of the company’s stock.
In related news, Director James H. Fordyce sold 4,390 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $38.00, for a total value of $166,820.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Daniel R. Tishman sold 15,000 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $37.00, for a total transaction of $555,000.00. Following the completion of the transaction, the insider now directly owns 114,095 shares of the company’s stock, valued at approximately $4,221,515. The disclosure for this sale can be found here. Insiders sold 67,486 shares of company stock valued at $2,555,752 in the last three months. Company insiders own 0.74% of the company’s stock.
Aecom (NYSE:ACM) last posted its quarterly earnings results on Tuesday, February 6th. The construction company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.02. Aecom had a net margin of 2.15% and a return on equity of 11.74%. The firm had revenue of $4.91 billion during the quarter, compared to analyst estimates of $4.71 billion. During the same quarter in the prior year, the business posted $0.53 earnings per share. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. analysts expect that Aecom will post 2.69 EPS for the current fiscal year.
Several research firms recently weighed in on ACM. Barclays began coverage on shares of Aecom in a research note on Tuesday, December 12th. They issued an “underweight” rating and a $34.00 target price for the company. Canaccord Genuity reiterated a “hold” rating and issued a $36.00 target price on shares of Aecom in a research note on Tuesday, November 14th. Argus increased their target price on shares of Aecom from $37.00 to $43.00 and gave the company a “buy” rating in a research note on Monday, November 27th. They noted that the move was a valuation call. UBS Group reiterated a “buy” rating and issued a $4.00 target price (down previously from $40.00) on shares of Aecom in a research note on Tuesday, November 14th. Finally, Zacks Investment Research upgraded shares of Aecom from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $36.40.
Aecom Company Profile
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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