Stevens Capital Management LP Takes $1.60 Million Position in AECOM (ACM)

Stevens Capital Management LP bought a new position in AECOM (NYSE:ACM) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 43,539 shares of the construction company’s stock, valued at approximately $1,603,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of AECOM by 1.3% in the second quarter. Vanguard Group Inc. now owns 13,443,021 shares of the construction company’s stock worth $434,613,000 after purchasing an additional 176,473 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of AECOM by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 4,718,353 shares of the construction company’s stock worth $152,542,000 after purchasing an additional 148,231 shares in the last quarter. State Street Corp increased its stake in shares of AECOM by 1.1% in the second quarter. State Street Corp now owns 3,977,619 shares of the construction company’s stock worth $128,599,000 after purchasing an additional 44,044 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of AECOM by 0.3% in the second quarter. Alliancebernstein L.P. now owns 2,816,118 shares of the construction company’s stock worth $91,045,000 after purchasing an additional 7,075 shares in the last quarter. Finally, Brandywine Global Investment Management LLC increased its stake in shares of AECOM by 8.9% in the second quarter. Brandywine Global Investment Management LLC now owns 1,902,787 shares of the construction company’s stock worth $61,518,000 after purchasing an additional 156,003 shares in the last quarter. Hedge funds and other institutional investors own 82.07% of the company’s stock.

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In other news, CEO Michael S. Burke sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $37.00, for a total value of $1,110,000.00. Following the completion of the sale, the chief executive officer now directly owns 154,362 shares in the company, valued at approximately $5,711,394. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael S. Burke sold 56,800 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $36.86, for a total transaction of $2,093,648.00. The disclosure for this sale can be found here. Insiders own 1.14% of the company’s stock.

ACM has been the subject of several recent research reports. Citigroup Inc. reiterated a “buy” rating and issued a $40.00 target price (down previously from $45.00) on shares of AECOM in a research note on Tuesday, July 18th. Zacks Investment Research lowered shares of AECOM from a “hold” rating to a “sell” rating in a research report on Friday, July 21st. Credit Suisse Group lowered shares of AECOM from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $44.00 to $37.00 in a research report on Monday, July 24th. Canaccord Genuity restated a “hold” rating and issued a $36.00 price objective on shares of AECOM in a research report on Tuesday, August 8th. Finally, KeyCorp restated a “buy” rating and issued a $40.00 price objective on shares of AECOM in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $35.20.

Shares of AECOM (NYSE:ACM) opened at $35.59 on Monday. AECOM has a 1 year low of $30.15 and a 1 year high of $40.72. The stock has a market cap of $5,580.00, a P/E ratio of 12.49, a price-to-earnings-growth ratio of 1.89 and a beta of 1.71. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.22 and a current ratio of 1.22.

AECOM (NYSE:ACM) last announced its earnings results on Monday, November 13th. The construction company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.01. AECOM had a net margin of 1.46% and a return on equity of 12.19%. equities research analysts anticipate that AECOM will post 2.9 EPS for the current year.

AECOM announced that its Board of Directors has authorized a share buyback program on Thursday, September 21st that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to purchase up to 18.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

About AECOM

AECOM is engaged in designing, building, financing and operating infrastructure assets for governments, businesses and organizations. The Company’s segments include design and consulting services (DCS), construction services (CS) and management services (MS). Its DCS segment is engaged in planning, consulting, architectural and engineering design services to commercial and government clients in major end markets, such as transportation, facilities, environmental, energy, water and government.

Institutional Ownership by Quarter for AECOM (NYSE:ACM)

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