LS Investment Advisors LLC trimmed its holdings in shares of Aecom (NYSE:ACM) by 19.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,963 shares of the construction company’s stock after selling 2,399 shares during the period. LS Investment Advisors LLC’s holdings in Aecom were worth $370,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Prudential Financial Inc. grew its position in Aecom by 7.5% during the third quarter. Prudential Financial Inc. now owns 1,048,130 shares of the construction company’s stock worth $38,581,000 after buying an additional 73,060 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in Aecom by 9.1% during the third quarter. Schwab Charles Investment Management Inc. now owns 779,074 shares of the construction company’s stock worth $28,678,000 after buying an additional 65,000 shares in the last quarter. Sei Investments Co. grew its position in Aecom by 6.6% during the third quarter. Sei Investments Co. now owns 261,827 shares of the construction company’s stock worth $9,638,000 after buying an additional 16,272 shares in the last quarter. Legal & General Group Plc grew its position in Aecom by 12.6% during the third quarter. Legal & General Group Plc now owns 234,574 shares of the construction company’s stock worth $8,635,000 after buying an additional 26,258 shares in the last quarter. Finally, Commonwealth Bank of Australia grew its position in Aecom by 45.2% during the third quarter. Commonwealth Bank of Australia now owns 18,000 shares of the construction company’s stock worth $658,000 after buying an additional 5,600 shares in the last quarter. Institutional investors and hedge funds own 83.74% of the company’s stock.
In other news, Vice Chairman Daniel R. Tishman sold 15,000 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $38.88, for a total value of $583,200.00. Following the completion of the sale, the insider now owns 129,095 shares of the company’s stock, valued at approximately $5,019,213.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Michael S. Burke sold 30,000 shares of the business’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $39.00, for a total value of $1,170,000.00. Following the completion of the sale, the chief executive officer now directly owns 157,649 shares of the company’s stock, valued at approximately $6,148,311. The disclosure for this sale can be found here. In the last three months, insiders sold 82,486 shares of company stock valued at $3,170,752. 0.74% of the stock is currently owned by corporate insiders.
Aecom (NYSE:ACM) last released its earnings results on Tuesday, February 6th. The construction company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. Aecom had a return on equity of 11.74% and a net margin of 2.15%. The company had revenue of $4.91 billion during the quarter, compared to analyst estimates of $4.71 billion. During the same quarter in the previous year, the company posted $0.53 EPS. Aecom’s revenue for the quarter was up 12.7% on a year-over-year basis. research analysts anticipate that Aecom will post 2.69 earnings per share for the current fiscal year.
A number of equities analysts have recently issued reports on ACM shares. DA Davidson upped their price objective 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 price objective (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 started coverage on Aecom in a report on Tuesday, December 12th. They issued an “underweight” rating and a $34.00 price objective for the company. Three analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $36.40.
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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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