Yorktown Management & Research Co Inc Acquires Shares of 26,000 AECOM (ACM)

Yorktown Management & Research Co Inc acquired a new position in AECOM (NYSE:ACM) during the third quarter, according to its most recent filing with the SEC. The firm acquired 26,000 shares of the construction company’s stock, valued at approximately $957,000.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of AECOM by 1.3% during the second quarter. Vanguard Group Inc. now owns 13,443,021 shares of the construction company’s stock valued at $434,613,000 after purchasing an additional 176,473 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of AECOM by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 4,718,353 shares of the construction company’s stock valued at $152,542,000 after purchasing an additional 148,231 shares in the last quarter. State Street Corp boosted its position in shares of AECOM by 1.1% during the second quarter. State Street Corp now owns 3,977,619 shares of the construction company’s stock valued at $128,599,000 after purchasing an additional 44,044 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of AECOM by 0.3% during the second quarter. Alliancebernstein L.P. now owns 2,816,118 shares of the construction company’s stock valued at $91,045,000 after purchasing an additional 7,075 shares in the last quarter. Finally, Brandywine Global Investment Management LLC boosted its position in shares of AECOM by 8.9% during the second quarter. Brandywine Global Investment Management LLC now owns 1,902,787 shares of the construction company’s stock valued at $61,518,000 after purchasing an additional 156,003 shares in the last quarter. Hedge funds and other institutional investors own 80.18% of the company’s stock.

Shares of AECOM (ACM) traded up $0.49 on Tuesday, hitting $36.49. The company had a trading volume of 328,592 shares, compared to its average volume of 994,708. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.88. AECOM has a one year low of $30.15 and a one year high of $40.72. The company has a market capitalization of $5,620.00, a price-to-earnings ratio of 11.81, a P/E/G ratio of 1.86 and a beta of 1.71.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Monday, November 13th. The construction company reported $0.74 EPS 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 analyst estimates of $4.63 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. AECOM’s revenue was up 12.3% compared to the same quarter last year. research analysts anticipate that AECOM will post 2.66 earnings per share for the current fiscal year.

AECOM announced that its board has initiated a stock buyback plan on Thursday, September 21st that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to buy up to 18.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

A number of research analysts have issued reports on the company. Zacks Investment Research cut AECOM from a “hold” rating to a “strong sell” rating in a research note on Friday, August 11th. Credit Suisse Group cut AECOM from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $44.00 to $37.00 in a research note on Monday, July 24th. Citigroup Inc. set a $40.00 price objective on AECOM and gave the company a “buy” rating in a research note on Thursday, August 17th. UBS AG reiterated a “buy” rating and set a $4.00 price objective (down previously from $40.00) on shares of AECOM in a research note on Tuesday, November 14th. Finally, Robert W. Baird reiterated a “hold” rating and set a $36.00 price objective on shares of AECOM in a research note on Tuesday, September 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. AECOM has an average rating of “Hold” and a consensus price target of $31.70.

In other AECOM news, CEO Michael S. Burke sold 56,800 shares of the business’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $36.86, for a total transaction of $2,093,648.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael S. Burke sold 30,000 shares of the business’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $37.00, for a total value of $1,110,000.00. Following the sale, the chief executive officer now directly owns 154,362 shares of the company’s stock, valued at approximately $5,711,394. The disclosure for this sale can be found here. Insiders own 1.14% of the company’s stock.

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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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