Pacer Advisors Inc. trimmed its position in Aecom (NYSE:ACM) by 2.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,997 shares of the construction company’s stock after selling 1,562 shares during the quarter. Pacer Advisors Inc.’s holdings in Aecom were worth $1,862,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of the company. Moneta Group Investment Advisors LLC acquired a new position in Aecom during the 2nd quarter valued at $185,000. Paloma Partners Management Co acquired a new position in Aecom during the 2nd quarter valued at $242,000. Raymond James & Associates raised its stake in Aecom by 34.6% during the 2nd quarter. Raymond James & Associates now owns 7,952 shares of the construction company’s stock valued at $263,000 after purchasing an additional 2,044 shares during the last quarter. ING Groep NV acquired a new position in Aecom during the 2nd quarter valued at $342,000. Finally, Laurion Capital Management LP acquired a new position in Aecom during the 2nd quarter valued at $399,000. Institutional investors and hedge funds own 87.78% of the company’s stock.
Shares of Aecom stock opened at $27.17 on Wednesday. The firm has a market capitalization of $4.30 billion, a price-to-earnings ratio of 10.14, a price-to-earnings-growth ratio of 1.98 and a beta of 1.65. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.16 and a current ratio of 1.16. Aecom has a 52-week low of $27.06 and a 52-week high of $39.90.
In other news, EVP Carla J. Christofferson sold 15,756 shares of the company’s stock in a transaction dated Tuesday, December 18th. The shares were sold at an average price of $27.62, for a total value of $435,180.72. Following the sale, the executive vice president now owns 18,203 shares of the company’s stock, valued at approximately $502,766.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.74% of the stock is currently owned by corporate insiders.
Several research firms recently commented on ACM. Credit Suisse Group reiterated a “hold” rating and set a $30.00 target price on shares of Aecom in a research note on Wednesday, December 12th. Zacks Investment Research cut shares of Aecom from a “hold” rating to a “sell” rating in a research note on Wednesday, November 14th. Barclays set a $30.00 target price on shares of Aecom and gave the company a “sell” rating in a research note on Tuesday, November 13th. Robert W. Baird reiterated a “buy” rating and set a $36.00 target price (down from $41.00) on shares of Aecom in a research note on Monday, November 12th. Finally, Citigroup cut their target price on shares of Aecom from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Tuesday, November 13th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $36.75.
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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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