ING Groep NV Acquires Shares of 10,358 Aecom (ACM)

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ING Groep NV purchased a new stake in shares of Aecom (NYSE:ACM) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 10,358 shares of the construction company’s stock, valued at approximately $342,000.

Other hedge funds also recently made changes to their positions in the company. American Century Companies Inc. purchased a new stake in Aecom in the 1st quarter worth $526,000. Victory Capital Management Inc. grew its position in shares of Aecom by 83.9% during the first quarter. Victory Capital Management Inc. now owns 74,783 shares of the construction company’s stock valued at $2,665,000 after purchasing an additional 34,119 shares in the last quarter. Swiss National Bank grew its position in shares of Aecom by 2.2% during the first quarter. Swiss National Bank now owns 272,980 shares of the construction company’s stock valued at $9,726,000 after purchasing an additional 6,000 shares in the last quarter. M&T Bank Corp grew its position in shares of Aecom by 31.6% during the first quarter. M&T Bank Corp now owns 13,505 shares of the construction company’s stock valued at $481,000 after purchasing an additional 3,246 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Aecom by 6.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 887,375 shares of the construction company’s stock valued at $31,618,000 after purchasing an additional 56,025 shares in the last quarter. Institutional investors own 84.42% of the company’s stock.

ACM has been the subject of a number of research analyst reports. Citigroup cut their price objective on Aecom from $49.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, July 23rd. Zacks Investment Research upgraded Aecom from a “sell” rating to a “hold” rating in a research report on Thursday, August 9th. Argus lowered Aecom from a “buy” rating to a “hold” rating in a research report on Wednesday, August 15th. Finally, Credit Suisse Group cut their price objective on Aecom from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $36.00.

In related news, EVP Carla J. Christofferson sold 1,000 shares of Aecom stock in a transaction dated Friday, July 6th. The stock was sold at an average price of $33.00, for a total value of $33,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.74% of the company’s stock.

Shares of Aecom stock traded up $0.13 during trading on Friday, reaching $32.44. 1,239,419 shares of the stock traded hands, compared to its average volume of 691,894. The firm has a market cap of $5.18 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 2.16 and a beta of 1.58. Aecom has a 52-week low of $30.95 and a 52-week high of $39.90. 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 (NYSE:ACM) last released its quarterly earnings results on Tuesday, August 7th. The construction company reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.01. The company had revenue of $5.15 billion during the quarter, compared to analyst estimates of $4.88 billion. Aecom had a return on equity of 9.86% and a net margin of 0.72%. During the same quarter last year, the business posted $0.78 earnings per share. equities analysts expect that Aecom will post 2.68 EPS for the current fiscal year.

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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