Allianz Asset Management GmbH Has $5.74 Million Position in Aecom (ACM)

Allianz Asset Management GmbH boosted its position in shares of Aecom (NYSE:ACM) by 44.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 155,933 shares of the construction company’s stock after acquiring an additional 47,791 shares during the quarter. Allianz Asset Management GmbH owned 0.10% of Aecom worth $5,740,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ACM. Crow Point Partners LLC acquired a new stake in shares of Aecom during the 3rd quarter worth about $102,000. Global X Management Co. LLC raised its position 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 position 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 acquired a new stake in shares of Aecom during the 2nd quarter worth about $194,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of Aecom during the 3rd quarter worth about $204,000. Institutional investors own 82.36% of the company’s stock.

Aecom (ACM) traded up $0.92 during trading on Thursday, reaching $38.94. The company had a trading volume of 714,400 shares, compared to its average volume of 745,754. The firm has a market capitalization of $6,140.00, a price-to-earnings ratio of 18.28, a P/E/G ratio of 2.06 and a beta of 1.73. Aecom has a 52-week low of $30.15 and a 52-week high of $39.50. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.20 and a quick ratio of 1.20.

Aecom (NYSE:ACM) last issued its earnings results on Monday, November 13th. The construction company reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.03. Aecom had a return on equity of 12.12% and a net margin of 1.86%. The company had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.63 billion. During the same quarter in the prior year, the business earned $0.65 earnings per share. The company’s revenue was up 12.3% compared to the same quarter last year. equities research analysts forecast that Aecom will post 2.66 EPS for the current fiscal year.

Aecom announced that its Board of Directors has authorized a share repurchase program on Thursday, September 21st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to purchase up to 18.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

ACM has been the topic of several analyst reports. Robert W. Baird upgraded Aecom from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $40.00 to $45.00 in a research note on Wednesday, January 3rd. KeyCorp restated a “buy” rating on shares of Aecom in a research note on Friday, September 22nd. DA Davidson restated a “hold” rating and issued a $39.00 price target on shares of Aecom in a research note on Tuesday, November 14th. Canaccord Genuity reiterated a “hold” rating and set a $36.00 target price on shares of Aecom in a research report on Tuesday, November 14th. Finally, Argus boosted their target price on Aecom from $37.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, November 27th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $32.00.

In other Aecom news, Vice Chairman Daniel R. Tishman sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $38.26, for a total transaction of $573,900.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael S. Burke sold 30,000 shares of the stock in a transaction that occurred 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 in the company, valued at $6,148,311. The disclosure for this sale can be found here. Insiders sold 62,326 shares of company stock valued at $2,390,904 in the last three months. 1.14% of the stock is currently owned by company insiders.

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Aecom Company 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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