Millennium Management LLC trimmed its holdings in shares of Aecom (NYSE:ACM) by 15.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 492,814 shares of the construction company’s stock after selling 91,463 shares during the quarter. Millennium Management LLC’s holdings in Aecom were worth $18,308,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the business. BlackRock Inc. lifted its position in Aecom by 1.6% during the fourth quarter. BlackRock Inc. now owns 12,535,917 shares of the construction company’s stock valued at $465,709,000 after buying an additional 198,111 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Aecom by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 4,742,824 shares of the construction company’s stock valued at $174,587,000 after buying an additional 24,471 shares in the last quarter. Lyrical Asset Management LP lifted its position in Aecom by 4.6% during the fourth quarter. Lyrical Asset Management LP now owns 4,351,145 shares of the construction company’s stock valued at $161,645,000 after buying an additional 189,577 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Aecom by 2.6% during the fourth quarter. Bank of New York Mellon Corp now owns 2,206,181 shares of the construction company’s stock valued at $81,959,000 after buying an additional 54,988 shares in the last quarter. Finally, Luminus Management LLC lifted its position in Aecom by 79.8% during the fourth quarter. Luminus Management LLC now owns 1,475,227 shares of the construction company’s stock valued at $54,805,000 after buying an additional 654,568 shares in the last quarter. 84.01% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have weighed in on ACM. Citigroup lifted their price target on shares of Aecom from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. Zacks Investment Research cut shares of Aecom from a “buy” rating to a “hold” rating in a research report on Wednesday. Robert W. Baird raised shares of Aecom from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $40.00 to $45.00 in a research report on Wednesday, January 3rd. Barclays started coverage on shares of Aecom in a research report on Tuesday, December 12th. They set an “underweight” rating and a $34.00 target price on the stock. Finally, DA Davidson boosted their target price on shares of Aecom to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $36.73.
Aecom (NYSE:ACM) last posted its earnings results 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 net margin of 2.15% and a return on equity of 11.74%. The business had revenue of $4.91 billion for the quarter, compared to analysts’ expectations of $4.71 billion. During the same period in the previous year, the company posted $0.53 earnings per share. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. equities research analysts anticipate that Aecom will post 2.69 earnings per share for the current year.
In related 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 value of $583,200.00. Following the sale, the insider now directly owns 129,095 shares of the company’s stock, valued at $5,019,213.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lara Poloni sold 4,976 shares of the company’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 sale, the insider now directly owns 3,895 shares in the company, valued at $142,946.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,136 shares of company stock worth $1,517,467. Corporate insiders own 0.74% of the company’s stock.
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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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