Aecom (ACM) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its holdings in Aecom (NYSE:ACM) by 41.4% in the third quarter, HoldingsChannel reports. The firm owned 555,411 shares of the construction company’s stock after purchasing an additional 162,535 shares during the quarter. Russell Investments Group Ltd.’s holdings in Aecom were worth $18,137,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ACM. Bank of America Corp DE grew its position in Aecom by 106.4% in the second quarter. Bank of America Corp DE now owns 2,403,765 shares of the construction company’s stock valued at $79,395,000 after purchasing an additional 1,239,397 shares in the last quarter. Luminus Management LLC raised its position in shares of Aecom by 19.1% in the 2nd quarter. Luminus Management LLC now owns 2,434,759 shares of the construction company’s stock valued at $80,420,000 after buying an additional 389,900 shares in the last quarter. BlackRock Inc. raised its position in shares of Aecom by 2.9% in the 2nd quarter. BlackRock Inc. now owns 13,294,925 shares of the construction company’s stock valued at $439,132,000 after buying an additional 375,863 shares in the last quarter. Formula Growth Ltd. raised its position in shares of Aecom by 150.0% in the 2nd quarter. Formula Growth Ltd. now owns 300,049 shares of the construction company’s stock valued at $9,911,000 after buying an additional 180,049 shares in the last quarter. Finally, Putnam Investments LLC acquired a new position in shares of Aecom in the 2nd quarter valued at approximately $3,756,000. 84.34% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently commented on ACM shares. Zacks Investment Research cut shares of Aecom from a “hold” rating to a “sell” rating in a research report on Monday, July 16th. Citigroup dropped their target price on shares of Aecom from $49.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, July 23rd. Credit Suisse Group dropped their target price on shares of Aecom from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Wednesday, August 8th. Argus cut shares of Aecom from a “buy” rating to a “hold” rating in a research report on Wednesday, August 15th. Finally, ValuEngine cut shares of Aecom from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $35.67.

In related news, insider Lara Poloni sold 1,607 shares of the company’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $32.49, for a total transaction of $52,211.43. Following the completion of the transaction, the insider now directly owns 2,288 shares in the company, valued at approximately $74,337.12. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.74% of the stock is owned by corporate insiders.

Shares of NYSE:ACM opened at $33.48 on Friday. The company has a market capitalization of $5.26 billion, a PE ratio of 11.39, a PEG ratio of 2.14 and a beta of 1.58. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.87. Aecom has a 12 month low of $29.13 and a 12 month high of $39.90.

Aecom (NYSE:ACM) last issued its earnings results on Tuesday, August 7th. The construction company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. The company had revenue of $5.15 billion during 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 previous year, the company earned $0.78 EPS. As a group, research analysts expect that Aecom will post 2.67 EPS for the current year.

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Aecom Company Profile

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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