Crestline Management LP lessened its stake in shares of Aecom (NYSE:ACM) by 20.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 133,257 shares of the construction company’s stock after selling 34,552 shares during the quarter. Aecom accounts for about 0.5% of Crestline Management LP’s investment portfolio, making the stock its 26th largest position. Crestline Management LP owned 0.09% of Aecom worth $3,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently bought and sold shares of the stock. NumerixS Investment Technologies Inc acquired a new stake in Aecom during the 4th quarter valued at $26,000. Oregon Public Employees Retirement Fund increased its holdings in Aecom by 2,617.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,705,832 shares of the construction company’s stock valued at $64,000 after purchasing an additional 1,643,066 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Aecom during the 4th quarter valued at $146,000. Parametrica Management Ltd acquired a new stake in Aecom during the 4th quarter valued at $228,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Aecom by 7.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,935 shares of the construction company’s stock valued at $290,000 after purchasing an additional 713 shares in the last quarter. Institutional investors and hedge funds own 87.89% of the company’s stock.
A number of research firms recently weighed in on ACM. Zacks Investment Research cut Aecom from a “buy” rating to a “hold” rating in a report on Tuesday, February 12th. KeyCorp set a $35.00 price target on Aecom and gave the company a “buy” rating in a report on Tuesday, January 29th. ValuEngine cut Aecom from a “hold” rating to a “sell” rating in a report on Friday, February 8th. Finally, Credit Suisse Group reaffirmed a “hold” rating and set a $30.00 price target on shares of Aecom in a report on Wednesday, December 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Aecom currently has an average rating of “Hold” and a consensus target price of $35.75.
In other news, Director Daniel R. Tishman sold 25,000 shares of Aecom stock in a transaction on Monday, March 11th. The stock was sold at an average price of $30.11, for a total value of $752,750.00. Following the completion of the sale, the director now directly owns 97,978 shares of the company’s stock, valued at approximately $2,950,117.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Carla J. Christofferson sold 15,756 shares of Aecom stock in a transaction on Tuesday, December 18th. The shares were sold at an average price of $27.62, for a total value of $435,180.72. Following the completion of the sale, the executive vice president now directly owns 18,203 shares of the company’s stock, valued at $502,766.86. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.
NYSE ACM opened at $30.32 on Friday. The firm has a market capitalization of $4.74 billion, a PE ratio of 11.31, a PEG ratio of 1.27 and a beta of 1.71. Aecom has a 52 week low of $24.83 and a 52 week high of $37.53. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.88.
Aecom (NYSE:ACM) last released its earnings results on Tuesday, February 5th. The construction company reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.04. The company had revenue of $5.04 billion during the quarter, compared to analysts’ expectations of $4.97 billion. Aecom had a return on equity of 10.15% and a net margin of 0.38%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period last year, the firm earned $0.57 EPS. As a group, equities research analysts expect that Aecom will post 2.75 EPS for the current year.
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AECOM, together with its subsidiaries, engages in designing, building, financing, and operating infrastructure assets worldwide. It operates through four segments: Design and Consulting Services (DCS), Construction Services (CS), Management Services (MS), and AECOM Capital (ACAP). The DCS segment offers planning, consulting, architectural and engineering design, program management, and construction management services for industrial, commercial, institutional, and government clients, including the transportation, facilities, environmental, energy, and water markets.
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