AECOM (NYSE:ACM) Shares Sold by Paloma Partners Management Co

Paloma Partners Management Co reduced its stake in AECOM (NYSE:ACM) by 81.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,918 shares of the construction company’s stock after selling 25,424 shares during the period. Paloma Partners Management Co’s holdings in AECOM were worth $211,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ACM. Bronfman E.L. Rothschild L.P. raised its position in AECOM by 1.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 7,239 shares of the construction company’s stock valued at $258,000 after buying an additional 133 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in AECOM by 0.9% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 26,766 shares of the construction company’s stock valued at $953,000 after buying an additional 235 shares during the last quarter. World Asset Management Inc raised its position in AECOM by 2.6% in the first quarter. World Asset Management Inc now owns 10,764 shares of the construction company’s stock valued at $383,000 after buying an additional 270 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in AECOM by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 53,771 shares of the construction company’s stock valued at $1,914,000 after buying an additional 700 shares during the last quarter. Finally, Amalgamated Bank raised its position in AECOM by 3.1% in the first quarter. Amalgamated Bank now owns 24,175 shares of the construction company’s stock valued at $860,000 after buying an additional 721 shares during the last quarter. 82.55% of the stock is owned by hedge funds and other institutional investors.

Shares of AECOM (ACM) traded down 1.64% on Friday, hitting $30.58. The stock had a trading volume of 769,487 shares. The company has a market cap of $4.79 billion, a price-to-earnings ratio of 18.73 and a beta of 1.75. AECOM has a 12-month low of $26.46 and a 12-month high of $40.72. The stock has a 50 day moving average price of $32.11 and a 200-day moving average price of $33.92.

AECOM (NYSE:ACM) last announced its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.78 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.78. AECOM had a return on equity of 12.19% and a net margin of 1.46%. The company had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same period in the previous year, the business earned $0.81 EPS. AECOM’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities analysts expect that AECOM will post $2.92 earnings per share for the current year.

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Several research analysts recently issued reports on ACM shares. UBS AG set a $38.00 target price on AECOM and gave the company a “buy” rating in a research report on Monday, June 26th. Credit Suisse Group lowered AECOM from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $44.00 to $37.00 in a research report on Monday, July 24th. Zacks Investment Research lowered AECOM from a “hold” rating to a “strong sell” rating in a research report on Friday, August 11th. Canaccord Genuity reaffirmed a “hold” rating and set a $36.00 target price on shares of AECOM in a research report on Tuesday, August 8th. Finally, Citigroup Inc. set a $40.00 target price on AECOM and gave the company a “buy” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $35.10.

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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