BNP Paribas Arbitrage SA Acquires 7,485 Shares of Aecom (ACM)

BNP Paribas Arbitrage SA increased its holdings in Aecom (NYSE:ACM) by 96.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,284 shares of the construction company’s stock after acquiring an additional 7,485 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Aecom were worth $505,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. John G Ullman & Associates Inc. lifted its holdings in Aecom by 22.1% in the 2nd quarter. John G Ullman & Associates Inc. now owns 191,400 shares of the construction company’s stock valued at $6,322,000 after purchasing an additional 34,700 shares in the last quarter. Cornerstone Wealth Management LLC purchased a new position in Aecom in the 2nd quarter valued at about $300,000. Retirement Systems of Alabama lifted its holdings in Aecom by 0.8% in the 2nd quarter. Retirement Systems of Alabama now owns 207,605 shares of the construction company’s stock valued at $6,857,000 after purchasing an additional 1,749 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in Aecom in the 2nd quarter valued at about $984,000. Finally, State of Alaska Department of Revenue lifted its holdings in Aecom by 39.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 17,443 shares of the construction company’s stock valued at $576,000 after purchasing an additional 4,910 shares in the last quarter. 84.77% of the stock is currently owned by institutional investors and hedge funds.

ACM has been the topic of a number of recent research reports. Canaccord Genuity restated a “hold” rating and issued a $40.00 target price on shares of Aecom in a report on Wednesday, May 9th. ValuEngine downgraded shares of Aecom from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Citigroup dropped their price objective on shares of Aecom from $49.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, July 23rd. Zacks Investment Research downgraded shares of Aecom from a “buy” rating to a “hold” rating in a research note on Friday, May 11th. Finally, Argus downgraded shares of Aecom from a “buy” rating to a “hold” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. Aecom presently has a consensus rating of “Hold” and an average price target of $36.40.

In related news, insider Chuan-Sheng Chiao sold 19,700 shares of the stock in a transaction that occurred on Monday, June 4th. The shares were sold at an average price of $33.39, for a total transaction of $657,783.00. Following the completion of the sale, the insider now owns 39,816 shares of the company’s stock, valued at approximately $1,329,456.24. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Carla J. Christofferson sold 1,000 shares of the stock in a transaction that occurred on Friday, July 6th. The stock was sold at an average price of $33.00, for a total transaction of $33,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,400 shares of company stock valued at $747,410. Corporate insiders own 0.74% of the company’s stock.

NYSE ACM opened at $32.68 on Friday. Aecom has a 12 month low of $30.15 and a 12 month high of $39.90. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market cap of $5.41 billion, a PE ratio of 11.12, a P/E/G ratio of 2.26 and a beta of 1.67.

Aecom (NYSE:ACM) last posted its quarterly earnings data on Tuesday, August 7th. The construction company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.01. Aecom had a net margin of 0.72% and a return on equity of 9.86%. The company had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $4.88 billion. During the same quarter in the prior year, the company posted $0.78 EPS. analysts expect that Aecom will post 2.68 earnings per share for the current fiscal year.

About Aecom

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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Institutional Ownership by Quarter for Aecom (NYSE:ACM)

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