Greenhaven Associates Inc. grew its position in Aecom (NYSE:ACM) by 0.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,636,089 shares of the construction company’s stock after acquiring an additional 3,400 shares during the quarter. Aecom comprises about 0.8% of Greenhaven Associates Inc.’s portfolio, making the stock its 16th largest position. Greenhaven Associates Inc.’s holdings in Aecom were worth $53,435,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC purchased a new stake in shares of Aecom in the second quarter valued at $185,000. Paloma Partners Management Co purchased a new stake in shares of Aecom in the second quarter valued at $242,000. Raymond James & Associates raised its stake in shares of Aecom by 34.6% in the second quarter. Raymond James & Associates now owns 7,952 shares of the construction company’s stock valued at $263,000 after acquiring an additional 2,044 shares during the period. Cornerstone Wealth Management LLC purchased a new stake in shares of Aecom in the second quarter valued at $300,000. Finally, ING Groep NV purchased a new stake in shares of Aecom in the second quarter valued at $342,000. 84.41% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE ACM traded down $0.10 during mid-day trading on Wednesday, reaching $31.56. The company had a trading volume of 39,030 shares, compared to its average volume of 830,458. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.87. The stock has a market cap of $5.25 billion, a PE ratio of 10.74, a PEG ratio of 2.19 and a beta of 1.57. Aecom has a 52 week low of $30.37 and a 52 week high of $39.90.
Aecom (NYSE:ACM) last posted its quarterly earnings results on Tuesday, August 7th. The construction company reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.01. The firm had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $4.88 billion. Aecom had a net margin of 0.72% and a return on equity of 9.86%. During the same period in the prior year, the business posted $0.78 earnings per share. As a group, sell-side analysts forecast that Aecom will post 2.68 earnings per share for the current year.
In other news, insider Lara Poloni sold 1,607 shares of the company’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $32.49, for a total value of $52,211.43. Following the transaction, the insider now directly owns 2,288 shares in the company, valued at $74,337.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.74% of the company’s stock.
A number of research firms have recently commented on ACM. Citigroup cut their price target on shares of Aecom from $45.00 to $42.00 and set a “buy” rating on the stock in a report on Wednesday, August 8th. Zacks Investment Research upgraded shares of Aecom from a “sell” rating to a “hold” rating in a report on Thursday, August 9th. Credit Suisse Group cut their price target on shares of Aecom from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Wednesday, August 8th. Argus cut shares of Aecom from a “buy” rating to a “hold” rating in a report on Wednesday, August 15th. Finally, ValuEngine cut shares of Aecom from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $35.67.
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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