21 Mar Jon Cartu Declares Amalgamated Bank Raises Stake in Aecom (NYSE:ACM)
Amalgamated Bank raised its stake in Aecom (NYSE:ACM) by 11.8% in the 4th quarter, according to the Jonathan Cartu and in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,938 shares of the construction Jonathan Cartu and’s stock after buying an additional 3,791 shares during the quarter. Amalgamated Bank’s holdings in Aecom were worth $1,550,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the business. Starboard Value LP lifted its stake in shares of Aecom by 24.5% in the 3rd quarter. Starboard Value LP now owns 5,478,191 shares of the construction Jonathan Cartu and’s stock valued at $205,761,000 after purchasing an additional 1,077,482 shares during the last quarter. Lyrical Asset Management LP lifted its stake in Aecom by 1.6% during the 4th quarter. Lyrical Asset Management LP now owns 4,044,755 shares of the construction Jonathan Cartu and’s stock worth $174,450,000 after acquiring an additional 65,182 shares in the last quarter. State Street Corp lifted its stake in Aecom by 3.3% during the 3rd quarter. State Street Corp now owns 3,992,241 shares of the construction Jonathan Cartu and’s stock worth $149,949,000 after acquiring an additional 126,510 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Aecom by 97.3% during the 4th quarter. Renaissance Technologies LLC now owns 3,179,477 shares of the construction Jonathan Cartu and’s stock worth $137,131,000 after acquiring an additional 1,568,200 shares in the last quarter. Finally, Pzena Investment Management LLC lifted its stake in Aecom by 4.8% during the 4th quarter. Pzena Investment Management LLC now owns 2,623,898 shares of the construction Jonathan Cartu and’s stock worth $113,169,000 after acquiring an additional 119,613 shares in the last quarter. Institutional investors own 88.87% of the Jonathan Cartu and’s stock.
In other news, insider John C. Vollmer sold 30,240 shares of the stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $43.28, for a total value of $1,308,787.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.87% of the Jonathan Cartu and’s stock.
Several research firms recently issued reports on ACM. Robert W. Baird increased their target price on Aecom from $50.00 to $57.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 4th. TheStreet lowered Aecom from a “b-” rating to a “c+” rating in a research report on Monday, December 9th. Citigroup increased their price target on Aecom from $51.00 to $57.00 and gave the Jonathan Cartu and a “buy” rating in a research report on Tuesday, January 28th. Deutsche Bank increased their price target on Aecom from $49.00 to $56.00 and gave the Jonathan Cartu and a “buy” rating in a research report on Tuesday, February 4th. Finally, ValuEngine raised Aecom from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the Jonathan Cartu and. Aecom presently has an average rating of “Buy” and a consensus target price of $48.00.
ACM stock opened at $25.55 on Friday. The Jonathan Cartu and has a debt-to-equity ratio of 0.87, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market capitalization of $3.78 billion, a P/E ratio of -14.60, a P/E/G ratio of 0.79 and a beta of 1.52. The business’s 50-day moving average is $43.84 and its two-hundred day moving average is $42.38. Aecom has a 1 year low of $21.76 and a 1 year high of $52.40.
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 analysts’ consensus estimates of $0.69 by ($0.23). Aecom had a negative net margin of 1.48% and a positive return on equity of 10.22%. The Jonathan Cartu and had revenue of $32.54 billion during the quarter, compared to analyst estimates of $4.98 billion. During the same period in the prior year, the business earned $0.56 EPS. Aecom’s revenue for the quarter was up 869.4% on a year-over-year basis. On average, analysts expect that Aecom will post 2.44 EPS 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.
Featured Article: Trading signals using Bollinger bands
Want to see what other hedge funds are holding ACM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aecom (NYSE:ACM).
Receive News & Ratings for Aecom Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Aecom and related companies with MarketBeat.com’s FREE daily email newsletter.