AECOM (NYSE:ACM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday, April 6th.
According to Zacks, “AECOM has been witnessing robust prospects across most of its business segments that adds to its growth momentum. Increase in the proportion of higher margin work is benefiting AECOM’s Construction Services segment and Management Services segments. Also, the Shimmick buyout is supplementing core revenue growth. Going forward, the company remains optimistic that favorable political climate both in the United States and abroad will continue to create growth opportunities of the infrastructure and defense markets. However, on the negative side, volatility in the oil and gas market with declining prices and contracting spending levels has been hurting the company’s projects and orders. Moreover, cyclical demand of the company’s services and currency fluctuations are likely to thwart growth, going forward.”
ACM has been the topic of a number of other reports. Barclays began coverage on AECOM in a report on Tuesday, December 12th. They set an “underweight” rating and a $34.00 price objective on the stock. Citigroup lifted their price objective on AECOM from $44.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Robert W. Baird raised AECOM from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $40.00 to $45.00 in a report on Wednesday, January 3rd. Finally, DA Davidson lifted their target price on shares of AECOM to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. AECOM currently has a consensus rating of “Hold” and an average target price of $36.73.
AECOM (NYSE:ACM) last posted its quarterly earnings data on Tuesday, February 6th. The construction company reported $0.57 EPS for the quarter, topping 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 business had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same period in the previous year, the company posted $0.53 earnings per share. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. analysts anticipate that AECOM will post 2.69 EPS for the current year.
In other AECOM news, Vice Chairman Daniel R. Tishman sold 15,000 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $38.88, for a total transaction of $583,200.00. Following the completion of the sale, the insider now owns 129,095 shares in the company, valued at approximately $5,019,213.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lara Poloni sold 4,976 shares of the business’s stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $36.70, for a total transaction of $182,619.20. Following the completion of the transaction, the insider now directly owns 3,895 shares of the company’s stock, valued at approximately $142,946.50. The disclosure for this sale can be found here. Insiders have sold a total of 34,976 shares of company stock valued at $1,320,819 in the last quarter. Corporate insiders own 0.74% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. MetLife Investment Advisors LLC acquired a new position in AECOM in the 4th quarter worth $3,705,000. Jane Street Group LLC acquired a new position in shares of AECOM during the 4th quarter worth about $1,025,000. Crestline Management LP acquired a new position in shares of AECOM during the 4th quarter worth about $1,630,000. Meadow Creek Investment Management LLC boosted its stake in shares of AECOM by 19.1% during the 4th quarter. Meadow Creek Investment Management LLC now owns 20,440 shares of the construction company’s stock worth $759,000 after buying an additional 3,276 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of AECOM by 170.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,391 shares of the construction company’s stock worth $201,000 after buying an additional 3,398 shares during the last quarter. 84.11% of the stock is owned by hedge funds and other institutional investors.
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AECOM Company Profile
AECOM, together with its subsidiaries, engages in designing, building, financing, and operating infrastructure assets worldwide. The company operates through four segments: Design and Consulting Services (DCS), Construction Services (CS), Management Services (MS), and AECOM Capital (ACAP). The DCS segment provides planning, consulting, architectural and engineering design, program management, and construction management services for industrial, commercial, institutional, and government clients, such as transportation, facilities, environmental, and energy/power markets.
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