Electron Capital Partners LLC cut its position in shares of Aecom (NYSE:ACM) by 42.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 514,303 shares of the construction company’s stock after selling 376,034 shares during the quarter. Aecom accounts for 3.2% of Electron Capital Partners LLC’s portfolio, making the stock its 10th largest position. Electron Capital Partners LLC’s holdings in Aecom were worth $19,106,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of ACM. CIBC Asset Management Inc acquired a new position in shares of Aecom during the 3rd quarter valued at $204,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Aecom during the 4th quarter valued at $205,000. Boston Advisors LLC acquired a new position in shares of Aecom during the 4th quarter valued at $206,000. Virtu Financial LLC acquired a new position in shares of Aecom during the 4th quarter valued at $213,000. Finally, Princeton Capital Management LLC acquired a new position in shares of Aecom during the 4th quarter valued at $220,000. Institutional investors own 83.99% of the company’s stock.
Several equities analysts have recently issued reports on ACM shares. Credit Suisse Group reiterated a “neutral” rating on shares of Aecom in a research report on Tuesday, November 14th. UBS Group reiterated a “buy” rating and set a $4.00 price target (down from $40.00) on shares of Aecom in a research report on Tuesday, November 14th. DA Davidson reiterated a “hold” rating and set a $39.00 price target on shares of Aecom in a research report on Tuesday, November 14th. Canaccord Genuity reiterated a “hold” rating and set a $36.00 price target on shares of Aecom in a research report on Tuesday, November 14th. Finally, Zacks Investment Research upgraded Aecom from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $36.40.
Aecom (NYSE:ACM) last released its quarterly earnings data on Tuesday, February 6th. The construction company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.02. The business had revenue of $4.91 billion during the quarter, compared to analyst estimates of $4.71 billion. Aecom had a return on equity of 11.74% and a net margin of 2.15%. The company’s revenue was up 12.7% compared to the same quarter last year. During the same period last year, the company posted $0.53 EPS. research analysts anticipate that Aecom will post 2.69 earnings per share for the current year.
In other news, Director James H. Fordyce sold 4,390 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $38.00, for a total value of $166,820.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael S. Burke sold 30,000 shares of the firm’s stock in a transaction 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 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. Over the last three months, insiders have sold 97,486 shares of company stock valued at $3,725,752. Corporate insiders own 0.74% of the company’s stock.
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.
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