AECOM (ACM) Holdings Lifted by Ameriprise Financial Inc.
Ameriprise Financial Inc. grew its stake in shares of AECOM (NYSE:ACM) by 5.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 498,319 shares of the construction company’s stock after purchasing an additional 25,665 shares during the quarter. Ameriprise Financial Inc. owned about 0.32% of AECOM worth $16,110,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the business. Financial Architects Inc increased its position in shares of AECOM by 1.0% during the 2nd quarter. Financial Architects Inc now owns 4,632 shares of the construction company’s stock worth $150,000 after purchasing an additional 48 shares during the last quarter. First United Bank Trust increased its position in shares of AECOM by 0.7% during the 2nd quarter. First United Bank Trust now owns 6,770 shares of the construction company’s stock worth $219,000 after purchasing an additional 50 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of AECOM by 4.9% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 3,410 shares of the construction company’s stock worth $122,000 after purchasing an additional 160 shares during the last quarter. New England Research & Management Inc. increased its position in shares of AECOM by 2.0% during the 2nd quarter. New England Research & Management Inc. now owns 25,800 shares of the construction company’s stock worth $834,000 after purchasing an additional 500 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of AECOM by 12.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,359 shares of the construction company’s stock worth $173,000 after purchasing an additional 576 shares during the last quarter. 82.06% of the stock is currently owned by hedge funds and other institutional investors.
In other AECOM news, CEO Michael S. Burke sold 30,000 shares of the firm’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $37.00, for a total value of $1,110,000.00. Following the completion of the sale, the chief executive officer now directly owns 154,362 shares of the company’s stock, valued at $5,711,394. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.73% of the company’s stock.
AECOM (NYSE ACM) opened at 36.51 on Thursday. AECOM has a 12-month low of $26.46 and a 12-month high of $40.72. The company’s 50 day moving average price is $33.79 and its 200-day moving average price is $33.21. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of 22.36 and a beta of 1.69.
AECOM (NYSE:ACM) last issued its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.78 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.78. The company had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.54 billion. AECOM had a return on equity of 12.19% and a net margin of 1.46%. AECOM’s revenue was up 3.5% on a year-over-year basis. During the same period last year, the business posted $0.81 earnings per share. On average, equities analysts anticipate that AECOM will post $2.91 earnings per share for the current fiscal year.
AECOM announced that its board has initiated a share buyback program on Thursday, September 21st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to purchase up to 18.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.
ACM has been the topic of several recent analyst reports. Credit Suisse Group reaffirmed a “buy” rating and set a $44.00 price target on shares of AECOM in a research report on Thursday, June 29th. UBS AG set a $38.00 target price on AECOM and gave the stock a “buy” rating in a report on Monday, June 26th. Citigroup Inc. reissued a “buy” rating and set a $40.00 target price (down from $45.00) on shares of AECOM in a report on Tuesday, July 18th. KeyCorp reissued a “buy” rating and set a $40.00 target price on shares of AECOM in a report on Friday, August 25th. Finally, Robert W. Baird reissued a “hold” rating and set a $36.00 target price on shares of AECOM in a report on Tuesday, September 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $38.80.
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.
Want to see what other hedge funds are holding ACM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AECOM (NYSE:ACM).
Receive News & Stock Ratings for AECOM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AECOM and related stocks with our FREE daily email newsletter.