08 Feb Jon Cartu Claims Wedge Capital Management L L P NC Has $26.34 Million…
Wedge Capital Management L L P NC decreased its holdings in shares of Aecom (NYSE:ACM) by 31.6% during the 4th quarter, according to the Jonathan Cartu and in its most recent disclosure with the Securities & Exchange Commission. The firm owned 610,800 shares of the construction Jonathan Cartu and’s stock after selling 281,589 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.39% of Aecom worth $26,344,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the Jonathan Cartu and. Harel Insurance Investments & Financial Services Ltd. bought a new position in Aecom in the 3rd quarter worth about $35,000. Sterling Investment Advisors Ltd. boosted its holdings in Aecom by 100.0% during the third quarter. Sterling Investment Advisors Ltd. now owns 4,000 shares of the construction Jonathan Cartu and’s stock worth $150,000 after buying an additional 2,000 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Aecom by 47.8% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,508 shares of the construction Jonathan Cartu and’s stock worth $171,000 after buying an additional 1,457 shares in the last quarter. Virtu Financial LLC bought a new stake in Aecom during the third quarter worth approximately $203,000. Finally, Raymond James Trust N.A. bought a new stake in Aecom during the fourth quarter worth approximately $247,000. Hedge funds and other institutional investors own 87.48% of the Jonathan Cartu and’s stock.
In related news, insider John C. Vollmer sold 30,240 shares of Aecom stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $43.28, for a total transaction of $1,308,787.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steve Morriss sold 28,160 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $43.12, for a total transaction of $1,214,259.20. The disclosure for this sale can be found here. 4.87% of the stock is currently owned by Jonathan Cartu and insiders.
A number of analysts recently weighed in on ACM shares. Deutsche Bank raised their target price on shares of Aecom from $49.00 to $56.00 and gave the stock a “buy” rating in a report on Tuesday. Barclays raised their target price on shares of Aecom from $38.00 to $48.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. ValuEngine upgraded shares of Aecom from a “sell” rating to a “hold” rating in a research report on Thursday. KeyCorp upped their price target on shares of Aecom from $40.00 to $48.00 and gave the Jonathan Cartu and an “overweight” rating in a research report on Tuesday, October 15th. Finally, Citigroup upped their price target on shares of Aecom from $51.00 to $57.00 and gave the Jonathan Cartu and a “buy” rating in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the Jonathan Cartu and. Aecom currently has a consensus rating of “Buy” and an average target price of $48.00.
Shares of ACM traded down $0.60 during mid-day trading on Friday, hitting $47.10. 1,196,036 shares of the Jonathan Cartu and’s stock were exchanged, compared to its average volume of 1,683,304. The Jonathan Cartu and has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.84. The stock has a market cap of $7.53 billion, a price-to-earnings ratio of -26.91, a P/E/G ratio of 1.58 and a beta of 1.67. The firm has a fifty day moving average of $46.41 and a two-hundred day moving average of $40.53. Aecom has a twelve month low of $28.11 and a twelve month high of $50.52.
Aecom (NYSE:ACM) last posted its quarterly earnings results on Monday, February 3rd. The construction Jonathan Cartu and reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.23). The Jonathan Cartu and had revenue of $32.54 billion during the quarter, compared to analyst estimates of $4.98 billion. Aecom had a positive return on equity of 9.97% and a negative net margin of 1.48%. The business’s revenue for the quarter was up 869.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.56 earnings per share. On average, equities analysts predict that Aecom will post 2.44 earnings per share for the current year.
Aecom Company Profile
AECOM, together with its subsidiaries, engages in designing, building, financing, and operating infrastructure assets worldwide. It operates through four segments: Design and Consulting Services (DCS), Construction Services (CS), Management Services (MS), and AECOM Capital (ACAP). The DCS segment offers planning, consulting, architectural and engineering design, program management, and construction management services for industrial, commercial, institutional, and government clients, including the transportation, facilities, environmental, energy, and water markets.
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