Aecom (NYSE:ACM) Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lowered its stake in Aecom (NYSE:ACM) by 2.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,914 shares of the construction company’s stock after selling 1,457 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Aecom were worth $2,381,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in Aecom by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,798,549 shares of the construction company’s stock worth $127,160,000 after purchasing an additional 60,019 shares in the last quarter. Jane Street Group LLC bought a new position in Aecom in the fourth quarter worth about $203,000. Legal & General Group Plc raised its holdings in Aecom by 26.4% in the fourth quarter. Legal & General Group Plc now owns 315,378 shares of the construction company’s stock worth $8,358,000 after purchasing an additional 65,852 shares in the last quarter. Macquarie Group Ltd. raised its holdings in Aecom by 0.6% in the fourth quarter. Macquarie Group Ltd. now owns 244,348 shares of the construction company’s stock worth $6,475,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Aecom by 4.0% in the fourth quarter. Geode Capital Management LLC now owns 1,631,090 shares of the construction company’s stock worth $43,223,000 after purchasing an additional 63,085 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Shares of ACM traded down $0.52 during mid-day trading on Friday, hitting $34.40. 1,005,271 shares of the company traded hands, compared to its average volume of 656,469. Aecom has a 1-year low of $24.83 and a 1-year high of $38.20. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.23 and a quick ratio of 1.23. The company has a market capitalization of $5.66 billion, a P/E ratio of 12.84 and a beta of 1.78. The firm’s 50 day simple moving average is $36.62.

Aecom (NYSE:ACM) last posted its quarterly earnings data on Wednesday, May 8th. The construction company reported $0.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.06. Aecom had a net margin of 1.34% and a return on equity of 10.08%. The firm had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter in the prior year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, sell-side analysts predict that Aecom will post 2.78 earnings per share for the current fiscal year.

A number of brokerages have commented on ACM. Credit Suisse Group boosted their target price on shares of Aecom from $32.00 to $39.00 and gave the stock a “neutral” rating in a report on Tuesday, June 18th. Zacks Investment Research upgraded shares of Aecom from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a report on Wednesday, April 10th. ValuEngine downgraded shares of Aecom from a “buy” rating to a “hold” rating in a report on Thursday. Deutsche Bank boosted their target price on shares of Aecom from $34.00 to $38.00 and gave the stock a “hold” rating in a report on Tuesday, June 18th. Finally, TheStreet upgraded shares of Aecom from a “c+” rating to a “b-” rating in a report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $36.75.

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.

Further Reading: Fundamental Analysis

Institutional Ownership by Quarter for Aecom (NYSE:ACM)

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