Public Employees Retirement System of Ohio raised its stake in shares of Aecom (NYSE:ACM) by 100.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 157,960 shares of the construction company’s stock after acquiring an additional 79,199 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.10% of Aecom worth $5,933,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Aecom in the third quarter valued at about $35,000. Advisory Services Network LLC grew its stake in Aecom by 310.2% during the 2nd quarter. Advisory Services Network LLC now owns 1,005 shares of the construction company’s stock worth $38,000 after buying an additional 760 shares during the last quarter. Sterling Investment Advisors Ltd. acquired a new position in Aecom during the 2nd quarter valued at about $76,000. Ladenburg Thalmann Financial Services Inc. increased its position in Aecom by 47.8% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,508 shares of the construction company’s stock valued at $171,000 after buying an additional 1,457 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in Aecom during the 3rd quarter valued at about $203,000. Institutional investors and hedge funds own 87.36% of the company’s stock.
NYSE ACM opened at $42.65 on Tuesday. The company has a market cap of $6.81 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 1.06 and a beta of 1.77. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.17 and a quick ratio of 1.17. The stock’s fifty day moving average price is $41.80 and its 200 day moving average price is $37.01. Aecom has a 1 year low of $24.83 and a 1 year high of $44.36.
In related news, insider Steve Morriss sold 28,160 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $43.12, for a total value of $1,214,259.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Peter A. Feld purchased 200,000 shares of Aecom stock in a transaction on Friday, November 22nd. The shares were acquired at an average cost of $42.56 per share, with a total value of $8,512,000.00. The disclosure for this purchase can be found here. Insiders own 1.26% of the company’s stock.
Several brokerages have weighed in on ACM. Bank of America raised Aecom from a “neutral” rating to a “buy” rating and raised their price target for the stock from $37.00 to $45.00 in a report on Monday, October 14th. Argus set a $45.00 price target on Aecom and gave the stock a “buy” rating in a research note on Tuesday, October 15th. UBS Group restated a “buy” rating and set a $50.00 price objective (up previously from $42.00) on shares of Aecom in a report on Thursday, November 14th. Citigroup increased their price objective on shares of Aecom from $43.00 to $47.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, Barclays lifted their target price on shares of Aecom from $38.00 to $48.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $45.11.
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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