Aecom (ACM) Position Increased by Allianz Asset Management GmbH

Allianz Asset Management GmbH boosted its position in shares of Aecom (NYSE:ACM) by 44.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 155,933 shares of the construction company’s stock after purchasing an additional 47,791 shares during the quarter. Allianz Asset Management GmbH owned about 0.10% of Aecom worth $5,740,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ACM. Crow Point Partners LLC purchased a new stake in Aecom during the 3rd quarter valued at about $102,000. Global X Management Co. LLC grew its position in Aecom by 220.7% during the 2nd quarter. Global X Management Co. LLC now owns 4,923 shares of the construction company’s stock valued at $159,000 after purchasing an additional 3,388 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings 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 valued at $173,000 after acquiring an additional 576 shares during the last quarter. GAM Holding AG purchased a new stake in shares of Aecom during the 2nd quarter valued at about $194,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of Aecom during the 3rd quarter valued at about $204,000. 82.36% of the stock is currently owned by institutional investors.

In other news, CEO Michael S. Burke sold 56,800 shares of the stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $36.86, for a total value of $2,093,648.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director James H. Fordyce sold 4,390 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $38.00, for a total transaction of $166,820.00. The disclosure for this sale can be found here. Insiders sold a total of 136,190 shares of company stock worth $5,114,368 in the last quarter. Company insiders own 1.14% of the company’s stock.

ACM has been the topic of a number of recent analyst reports. KeyCorp reaffirmed a “buy” rating on shares of Aecom in a report on Friday, September 22nd. Credit Suisse Group reaffirmed a “neutral” rating on shares of Aecom in a report on Tuesday, November 14th. DA Davidson reaffirmed a “hold” rating and set a $39.00 price target on shares of Aecom in a report on Tuesday, November 14th. UBS reaffirmed a “buy” rating and set a $4.00 price target (down previously from $40.00) on shares of Aecom in a report on Tuesday, November 14th. Finally, Zacks Investment Research raised shares of Aecom from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. Aecom presently has a consensus rating of “Hold” and an average target price of $31.30.

Aecom (NYSE ACM) opened at $37.20 on Wednesday. Aecom has a one year low of $30.15 and a one year high of $39.50. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.88. The firm has a market cap of $5,921.94, a P/E ratio of 12.78, a PEG ratio of 2.02 and a beta of 1.73.

Aecom (NYSE:ACM) last issued its quarterly earnings data 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 net margin of 1.86% and a return on equity of 12.12%. The firm had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.63 billion. During the same quarter in the prior year, the business earned $0.65 EPS. The business’s quarterly revenue was up 12.3% on a year-over-year basis. research analysts expect that Aecom will post 2.66 earnings per share for the current fiscal year.

Aecom announced that its board has approved a share repurchase program on Thursday, September 21st that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the construction company to reacquire up to 18.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

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Aecom 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.

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Institutional Ownership by Quarter for Aecom (NYSE:ACM)

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