Bank of New York Mellon Corp lessened its holdings in shares of Aecom (NYSE:ACM) by 7.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,998,081 shares of the construction company’s stock after selling 151,192 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.28% of Aecom worth $52,949,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the stock. FMR LLC raised its holdings in shares of Aecom by 1.7% during the third quarter. FMR LLC now owns 24,117,044 shares of the construction company’s stock valued at $787,662,000 after acquiring an additional 410,846 shares in the last quarter. Primecap Management Co. CA raised its holdings in Aecom by 27.0% in the third quarter. Primecap Management Co. CA now owns 19,076,501 shares of the construction company’s stock worth $623,039,000 after purchasing an additional 4,052,120 shares in the last quarter. Vanguard Group Inc. raised its holdings in Aecom by 1.5% in the third quarter. Vanguard Group Inc. now owns 14,139,854 shares of the construction company’s stock worth $461,808,000 after purchasing an additional 204,643 shares in the last quarter. Vanguard Group Inc raised its holdings in Aecom by 1.5% in the third quarter. Vanguard Group Inc now owns 14,139,854 shares of the construction company’s stock worth $461,808,000 after purchasing an additional 204,643 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in Aecom by 0.7% in the third quarter. BlackRock Inc. now owns 13,394,345 shares of the construction company’s stock worth $437,457,000 after purchasing an additional 99,420 shares in the last quarter. Institutional investors own 87.89% of the company’s stock.
In other news, EVP Carla J. Christofferson sold 15,756 shares of the firm’s stock in a transaction on Tuesday, December 18th. The stock was sold at an average price of $27.62, for a total transaction of $435,180.72. Following the completion of the transaction, the executive vice president now directly owns 18,203 shares in the company, valued at $502,766.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel R. Tishman sold 25,000 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $30.11, for a total value of $752,750.00. Following the transaction, the director now owns 97,978 shares of the company’s stock, valued at $2,950,117.58. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.
Aecom (NYSE:ACM) last posted its quarterly earnings data on Tuesday, February 5th. The construction company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.04. The business had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $4.97 billion. Aecom had a return on equity of 10.15% and a net margin of 0.38%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.57 earnings per share. On average, equities analysts predict that Aecom will post 2.75 earnings per share for the current year.
A number of research firms have issued reports on ACM. Zacks Investment Research upgraded Aecom from a “sell” rating to a “hold” rating and set a $34.00 price objective for the company in a report on Monday, February 4th. ValuEngine upgraded Aecom from a “sell” rating to a “hold” rating in a report on Wednesday, February 20th. Credit Suisse Group reiterated a “hold” rating and issued a $30.00 price objective on shares of Aecom in a report on Wednesday, December 12th. Finally, KeyCorp set a $35.00 price objective on Aecom and gave the stock a “buy” rating in a report on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $35.75.
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Aecom Company Profile
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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