AECOM (NYSE:ACM) Shares Sold by Northern Trust Corp

Northern Trust Corp lowered its position in shares of AECOM (NYSE:ACMFree Report) by 2.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,171,399 shares of the construction company’s stock after selling 26,428 shares during the quarter. Northern Trust Corp owned about 0.84% of AECOM worth $97,273,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new stake in AECOM during the first quarter valued at approximately $25,000. Janiczek Wealth Management LLC acquired a new stake in shares of AECOM during the 3rd quarter worth approximately $28,000. Manchester Capital Management LLC acquired a new stake in shares of AECOM during the 3rd quarter worth approximately $38,000. Meitav Investment House Ltd. acquired a new stake in shares of AECOM during the 2nd quarter worth approximately $42,000. Finally, Headlands Technologies LLC acquired a new stake in shares of AECOM during the 2nd quarter worth approximately $50,000. Institutional investors and hedge funds own 84.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ACM shares. StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. TheStreet upgraded AECOM from a “c+” rating to a “b” rating in a research report on Monday, February 5th. Robert W. Baird raised their target price on AECOM from $100.00 to $103.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th. Royal Bank of Canada restated an “outperform” rating and issued a $109.00 target price on shares of AECOM in a research report on Wednesday, February 7th. Finally, Barclays raised their target price on AECOM from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of $101.33.

Check Out Our Latest Report on AECOM

AECOM Stock Performance

Shares of NYSE ACM opened at $89.41 on Wednesday. The stock has a fifty day moving average price of $89.69 and a two-hundred day moving average price of $86.39. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $12.16 billion, a P/E ratio of 198.68, a PEG ratio of 1.34 and a beta of 1.24. AECOM has a 1 year low of $74.40 and a 1 year high of $94.01.

AECOM (NYSE:ACMGet Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The construction company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.13. The firm had revenue of $3.90 billion during the quarter. AECOM had a return on equity of 21.45% and a net margin of 0.42%. During the same period in the previous year, the business posted $0.86 earnings per share. Research analysts forecast that AECOM will post 4.4 EPS for the current fiscal year.

AECOM announced that its board has authorized a stock repurchase program on Monday, November 13th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to repurchase up to 8.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at AECOM

In other AECOM news, President Lara Poloni sold 30,692 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $92.50, for a total transaction of $2,839,010.00. Following the completion of the transaction, the president now directly owns 53,752 shares of the company’s stock, valued at approximately $4,972,060. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Troy Rudd sold 25,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $92.76, for a total transaction of $2,319,000.00. Following the completion of the sale, the chief executive officer now directly owns 259,168 shares of the company’s stock, valued at approximately $24,040,423.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Lara Poloni sold 30,692 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $92.50, for a total value of $2,839,010.00. Following the sale, the president now directly owns 53,752 shares of the company’s stock, valued at $4,972,060. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by corporate insiders.

AECOM Company Profile

(Free Report)

AECOM, together with its subsidiaries, provides professional infrastructure consulting services worldwide. It operates in 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 public and private clients.

See Also

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:ACMFree Report).

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.