Aecom (ACM) Shares Bought by Delphi Management Inc. MA
Delphi Management Inc. MA increased its stake in shares of Aecom (NYSE:ACM) by 26.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 25,050 shares of the construction company’s stock after buying an additional 5,260 shares during the period. Delphi Management Inc. MA’s holdings in Aecom were worth $922,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Aecom by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 13,443,021 shares of the construction company’s stock worth $434,613,000 after purchasing an additional 176,473 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Aecom by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,742,824 shares of the construction company’s stock worth $174,587,000 after purchasing an additional 24,471 shares in the last quarter. State Street Corp raised its stake in Aecom by 1.1% in the 2nd quarter. State Street Corp now owns 3,977,619 shares of the construction company’s stock worth $128,599,000 after purchasing an additional 44,044 shares in the last quarter. Alliancebernstein L.P. raised its stake in Aecom by 0.3% in the 2nd quarter. Alliancebernstein L.P. now owns 2,816,118 shares of the construction company’s stock worth $91,045,000 after purchasing an additional 7,075 shares in the last quarter. Finally, Brandywine Global Investment Management LLC raised its stake in Aecom by 8.9% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 1,902,787 shares of the construction company’s stock worth $61,518,000 after purchasing an additional 156,003 shares in the last quarter. 82.39% of the stock is owned by institutional investors and hedge funds.
Shares of Aecom (NYSE:ACM) opened at $38.28 on Thursday. Aecom has a 1-year low of $30.15 and a 1-year high of $39.50. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.88. The firm has a market cap of $6,118.98, a P/E ratio of 13.20, a price-to-earnings-growth ratio of 2.08 and a beta of 1.73.
Aecom announced that its board has approved a share buyback plan on Thursday, September 21st that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the construction company to repurchase up to 18.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
In other Aecom news, CEO Michael S. Burke sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $37.00, for a total transaction of $1,110,000.00. Following the sale, the chief executive officer now directly owns 154,362 shares of the company’s stock, valued at approximately $5,711,394. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael S. Burke sold 56,800 shares of the company’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $36.86, for a total transaction of $2,093,648.00. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.
Several equities analysts have recently commented on ACM shares. Barclays started coverage on shares of Aecom in a research report on Tuesday. They issued an “underweight” rating and a $34.00 target price for the company. Citigroup set a $40.00 target price on shares of Aecom and gave the company a “buy” rating in a research report on Thursday, August 17th. Zacks Investment Research upgraded shares of Aecom from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 19th. Robert W. Baird restated a “hold” rating and issued a $36.00 target price on shares of Aecom in a research report on Tuesday, September 5th. Finally, Canaccord Genuity restated a “hold” rating and issued a $36.00 target price on shares of Aecom in a research report on Tuesday, November 14th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. Aecom currently has a consensus rating of “Hold” and a consensus price target of $31.30.
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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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