Verition Fund Management LLC Reduces Stake in AECOM (NYSE:ACM)

Verition Fund Management LLC lowered its position in AECOM (NYSE:ACMGet Rating) by 19.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,018 shares of the construction company’s stock after selling 3,385 shares during the period. Verition Fund Management LLC’s holdings in AECOM were worth $1,077,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Advisory Services Network LLC acquired a new position in AECOM in the first quarter valued at approximately $245,000. BNP Paribas Arbitrage SA lifted its holdings in AECOM by 93.9% in the first quarter. BNP Paribas Arbitrage SA now owns 36,440 shares of the construction company’s stock valued at $2,799,000 after acquiring an additional 17,643 shares during the period. Virtu Financial LLC acquired a new position in AECOM in the first quarter valued at approximately $601,000. Lido Advisors LLC lifted its holdings in AECOM by 9.5% in the first quarter. Lido Advisors LLC now owns 8,734 shares of the construction company’s stock valued at $670,000 after acquiring an additional 755 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new position in AECOM in the first quarter valued at approximately $25,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

AECOM Stock Down 0.9 %

NYSE ACM opened at $71.73 on Wednesday. The business has a fifty day moving average price of $72.10 and a 200 day moving average price of $71.35. AECOM has a one year low of $60.74 and a one year high of $79.97. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $10.02 billion, a P/E ratio of 34.16, a P/E/G ratio of 1.41 and a beta of 1.38.

AECOM (NYSE:ACMGet Rating) last posted its quarterly earnings data on Monday, August 8th. The construction company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.82 by $0.04. AECOM had a return on equity of 18.25% and a net margin of 2.30%. The firm had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.49 billion. During the same period in the prior year, the company earned $0.73 EPS. The firm’s revenue was down 4.9% compared to the same quarter last year. Research analysts anticipate that AECOM will post 3.46 EPS for the current fiscal year.

AECOM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Wednesday, October 5th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, October 4th. This represents a $0.60 annualized dividend and a dividend yield of 0.84%. AECOM’s dividend payout ratio is presently 28.57%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ACM. Citigroup decreased their price target on AECOM from $92.00 to $85.00 in a report on Friday, July 22nd. Credit Suisse Group upped their target price on AECOM to $81.00 in a research note on Monday, August 15th. Robert W. Baird upped their target price on AECOM from $82.00 to $89.00 and gave the stock an “outperform” rating in a research note on Friday, August 26th. Finally, StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a research note on Thursday, July 28th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $88.38.

About AECOM

(Get Rating)

AECOM, together with its subsidiaries, provides professional infrastructure consulting services for governments, businesses, and organizations in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to commercial and government clients.

Read More

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:ACMGet Rating).

Institutional Ownership by Quarter 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.