State Treasurer State of Michigan Lowers Holdings in Aecom (ACM)

State Treasurer State of Michigan trimmed its position in Aecom (NYSE:ACM) by 3.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,700 shares of the construction company’s stock after selling 2,200 shares during the quarter. State Treasurer State of Michigan’s holdings in Aecom were worth $2,106,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of ACM. Stifel Financial Corp lifted its holdings in shares of Aecom by 4.2% in the 2nd quarter. Stifel Financial Corp now owns 10,925 shares of the construction company’s stock worth $353,000 after buying an additional 441 shares during the period. Royal Bank of Canada lifted its holdings in shares of Aecom by 147.2% in the 2nd quarter. Royal Bank of Canada now owns 127,331 shares of the construction company’s stock worth $4,116,000 after buying an additional 75,829 shares during the period. State Street Corp lifted its holdings in shares of 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 buying an additional 44,044 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Aecom by 2.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 228,998 shares of the construction company’s stock worth $7,404,000 after buying an additional 4,467 shares during the period. Finally, Nomura Holdings Inc. purchased a new stake in shares of Aecom in the 2nd quarter worth $347,000. Institutional investors and hedge funds own 81.52% of the company’s stock.

Shares of Aecom (ACM) opened at $34.94 on Tuesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market capitalization of $5,502.48, a price-to-earnings ratio of 13.81, a P/E/G ratio of 1.84 and a beta of 1.70. Aecom has a 12 month low of $30.15 and a 12 month high of $39.90.

Aecom (NYSE:ACM) last issued its quarterly earnings data on Tuesday, February 6th. The construction company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The firm had revenue of $4.91 billion during the quarter, compared to analysts’ expectations of $4.71 billion. Aecom had a return on equity of 11.74% and a net margin of 2.15%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 EPS. analysts anticipate that Aecom will post 2.68 earnings per share for the current fiscal year.

In related news, Director James H. Fordyce sold 4,390 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $38.00, for a total transaction of $166,820.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael S. Burke sold 30,000 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $39.00, for a total value of $1,170,000.00. Following the sale, the chief executive officer now owns 157,649 shares of the company’s stock, valued at $6,148,311. The disclosure for this sale can be found here. Insiders have sold a total of 82,486 shares of company stock valued at $3,170,752 over the last 90 days. 0.74% of the stock is currently owned by company insiders.

ACM has been the subject of several research reports. DA Davidson upped their target price on Aecom to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. Citigroup reiterated a “buy” rating and issued a $4.00 target price (down from $40.00) on shares of Aecom in a report on Friday, October 27th. Credit Suisse Group reiterated a “neutral” rating on shares of Aecom in a report on Tuesday, November 14th. Zacks Investment Research cut Aecom from a “hold” rating to a “sell” rating in a report on Thursday, February 1st. Finally, Barclays initiated coverage on Aecom in a report on Tuesday, December 12th. They issued an “underweight” rating and a $34.00 target price for the company. Three analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $36.40.

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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.

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Institutional Ownership by Quarter for Aecom (NYSE:ACM)

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