Aecom (ACM) Position Lifted by American International Group Inc.
American International Group Inc. lifted its stake in Aecom (NYSE:ACM) by 7.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 342,774 shares of the construction company’s stock after buying an additional 24,078 shares during the period. American International Group Inc.’s holdings in Aecom were worth $10,170,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Somerset Trust Co boosted its stake in Aecom by 163.1% during the 1st quarter. Somerset Trust Co now owns 834 shares of the construction company’s stock worth $25,000 after purchasing an additional 517 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Aecom by 7.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,935 shares of the construction company’s stock worth $290,000 after acquiring an additional 713 shares during the period. Pitcairn Co. lifted its stake in shares of Aecom by 3.7% in the 4th quarter. Pitcairn Co. now owns 21,952 shares of the construction company’s stock worth $582,000 after acquiring an additional 780 shares during the period. Virginia Retirement Systems ET AL lifted its stake in shares of Aecom by 3.2% in the 4th quarter. Virginia Retirement Systems ET AL now owns 28,800 shares of the construction company’s stock worth $763,000 after acquiring an additional 900 shares during the period. Finally, NumerixS Investment Technologies Inc acquired a new stake in shares of Aecom in the 4th quarter worth $26,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.
ACM stock opened at $32.84 on Monday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.85. Aecom has a one year low of $24.83 and a one year high of $35.00. The firm has a market capitalization of $5.17 billion, a PE ratio of 12.25 and a beta of 1.74.
In related news, EVP Carla J. Christofferson sold 8,403 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $32.00, for a total value of $268,896.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel R. Tishman sold 25,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $30.11, for a total transaction of $752,750.00. Following the completion of the sale, the director now owns 97,978 shares of the company’s stock, valued at approximately $2,950,117.58. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.
ACM has been the subject of several recent analyst reports. KeyCorp set a $35.00 target price on shares of Aecom and gave the stock a “buy” rating in a research note on Tuesday, January 29th. ValuEngine cut shares of Aecom from a “hold” rating to a “sell” rating in a research note on Friday, February 8th. TheStreet upgraded shares of Aecom from a “c+” rating to a “b-” rating in a research note on Monday, April 29th. Finally, Zacks Investment Research upgraded shares of Aecom from a “sell” rating to a “hold” rating and set a $34.00 target price for the company in a research note on Monday, February 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. Aecom currently has an average rating of “Hold” and an average target price of $35.29.
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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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