Aecom (ACM) Position Lowered by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lessened its position in shares of Aecom (NYSE:ACM) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 391,040 shares of the construction company’s stock after selling 3,373 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.25% of Aecom worth $14,394,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ACM. Crow Point Partners LLC bought a new position in shares of Aecom during the 3rd quarter worth approximately $102,000. Global X Management Co. LLC raised its stake in shares of Aecom by 220.7% during the 2nd quarter. Global X Management Co. LLC now owns 4,923 shares of the construction company’s stock worth $159,000 after acquiring an additional 3,388 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake 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 acquiring an additional 576 shares in the last quarter. GAM Holding AG bought a new position in shares of Aecom during the 2nd quarter worth approximately $194,000. Finally, CIBC Asset Management Inc acquired a new position in Aecom during the 3rd quarter valued at approximately $204,000. Hedge funds and other institutional investors own 82.39% of the company’s stock.

In related news, CEO Michael S. Burke sold 56,800 shares of the 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael S. Burke sold 30,000 shares of the stock in a transaction on Wednesday, September 27th. The stock was 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 in the company, valued at $5,711,394. The disclosure for this sale can be found here. 0.73% of the stock is owned by corporate insiders.

A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Aecom from a “hold” rating to a “strong sell” rating in a research note on Friday, August 11th. Robert W. Baird restated a “hold” rating and set a $36.00 price target on shares of Aecom in a research note on Tuesday, September 5th. Citigroup set a $40.00 price target on shares of Aecom and gave the company a “buy” rating in a research note on Thursday, August 17th. Canaccord Genuity restated a “hold” rating and set a $36.00 price target on shares of Aecom in a research note on Tuesday, November 14th. Finally, UBS restated a “buy” rating and set a $4.00 price target (down previously from $40.00) on shares of Aecom in a research note on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Aecom currently has an average rating of “Hold” and an average price target of $32.70.

Shares of Aecom (ACM) opened at $37.88 on Thursday. The firm has a market cap of $5,909.33, a price-to-earnings ratio of 12.75, a PEG ratio of 2.01 and a beta of 1.73. Aecom has a 52 week low of $30.15 and a 52 week high of $40.72. 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 quarterly earnings data on Monday, November 13th. The construction company reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.03. The firm had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.63 billion. Aecom had a net margin of 1.86% and a return on equity of 12.12%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 earnings per share. research analysts forecast that Aecom will post 2.66 EPS for the current fiscal year.

Aecom announced that its Board of Directors has initiated a share buyback program on Thursday, September 21st that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the construction company to repurchase up to 18.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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Aecom 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.

Institutional Ownership by Quarter for Aecom (NYSE:ACM)

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