Ownership Action Report: Aecom Technology Corp Stock Rise in 2016 Q2 Driven by Institutional Investors

November 30, 2016 - By Ellis Scott   ·   0 Comments

Ownership Action Report: Aecom Technology Corp Stock Rise in  2016 Q2 Driven by Institutional Investors

Sentiment for Aecom Technology Corp (NYSE:ACM)

Aecom Technology Corp (NYSE:ACM) institutional sentiment decreased to 1.18 in 2016 Q2. Its down -0.15, from 1.33 in 2016Q1. The ratio has worsened, as 128 investment managers increased or started new holdings, while 96 decreased and sold their stock positions in Aecom Technology Corp. The investment managers in our partner’s database now have: 127.23 million shares, up from 126.18 million shares in 2016Q1. Also, the number of investment managers holding Aecom Technology Corp in their top 10 holdings was flat from 3 to 3 for the same number . Sold All: 23 Reduced: 73 Increased: 91 New Position: 37.

AECOM is engaged in designing, building, financing and operating infrastructure assets for governments, businesses and organizations. The company has a market cap of $5.49 billion. The Company’s divisions include design and consulting services , construction services (CS) and management services (MS). It has a 59.23 P/E ratio. The Company’s 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.

About 820,764 shares traded hands. Aecom (NYSE:ACM) has risen 9.76% since April 27, 2016 and is uptrending. It has outperformed by 4.53% the S&P500.

Analysts await Aecom (NYSE:ACM) to report earnings on February, 14. They expect $0.50 earnings per share, down 26.47% or $0.18 from last year’s $0.68 per share. ACM’s profit will be $75.43 million for 18.20 P/E if the $0.50 EPS becomes a reality. After $0.65 actual earnings per share reported by Aecom for the previous quarter, Wall Street now forecasts -23.08% negative EPS growth.

According to Zacks Investment Research, “AECOM designs, builds, finances and operates infrastructure assets for governments, businesses and organizations. The Company’s services include consulting, planning, architecture, engineering, construction management, project management, asset management, environmental services and design-build services. AECOM, formerly known as AECOM Technology Corporation, is headquartered in Los Angeles, California.”

Poplar Forest Capital Llc holds 4.29% of its portfolio in Aecom for 1.45 million shares. Steinberg Asset Management Llc owns 436,380 shares or 3.63% of their US portfolio. Moreover, S&T Bank Pa has 3.24% invested in the company for 624,016 shares. The New York-based New Mountain Vantage Advisers L.L.C. has invested 3.12% in the stock. Lyrical Asset Management Lp, a New York-based fund reported 3.67 million shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 11 selling transactions for $8.14 million net activity.

Aecom (NYSE:ACM) Ratings Coverage

Ratings analysis reveals 63% of Aecom Technology’s analysts are positive. Out of 8 Wall Street analysts rating Aecom Technology, 5 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $29 while the high is $38. The stock’s average target of $36.25 is -0.38% below today’s ($36.39) share price. ACM was included in 16 notes of analysts from August 12, 2015. The rating was maintained by Argus Research on Tuesday, August 18 with “Buy”. BB&T Capital downgraded Aecom (NYSE:ACM) on Monday, March 21 to “Hold” rating. Deutsche Bank maintained Aecom (NYSE:ACM) rating on Monday, August 22. Deutsche Bank has “Buy” rating and $38 price target. The company was maintained on Tuesday, November 15 by Canaccord Genuity. As per Wednesday, August 10, the company rating was reinitiated by DA Davidson. The stock of Aecom (NYSE:ACM) earned “Buy” rating by Argus Research on Monday, November 23. The rating was initiated by Citigroup on Friday, November 13 with “Buy”. The stock of Aecom (NYSE:ACM) earned “Buy” rating by Sterne Agee CRT on Thursday, March 10. The firm has “Buy” rating by Argus Research given on Tuesday, November 15. The firm has “Outperform” rating by Credit Suisse given on Wednesday, August 12.

ACM Company Profile

AECOM, formerly AECOM Technology Corporation, incorporated on January 31, 1980, designs, builds, finances and operates infrastructure assets for governments, businesses and organizations around the world. The Firm provides program and facilities management and maintenance, training, logistics, consulting, technical assistance, and systems integration and information technology (IT) services. The Firm operates through three divisions: Design and Consulting Services (DCS), Construction Services (CS) and Management Services (MS). The Company’s clients consist primarily of national, state, regional and local governments, public and private institutions, and firms. In addition, the Company formed AECOM Capital, an investment fund to invest in public-private partnership (P3) and private-sector real estate projects for which it provides an integrated solution that includes equity capital, design, engineering and construction services.

More notable recent Aecom (NYSE:ACM) news were published by: Wsj.com which released: “Aecom Not Waiting for Trump Bump In Construction” on November 14, 2016, also Fool.com with their article: “Why AECOM Technology Stock Spiked 14.8% Today” published on November 14, 2016, Latimes.com published: “CEO of Aecom, builder of Rams’ stadium, sees big business in Trump’s …” on November 17, 2016. More interesting news about Aecom (NYSE:ACM) were released by: Tri-Cityherald.com and their article: “Hanford contractors to pay $125 million settlement” published on November 23, 2016 as well as Bizjournals.com‘s news article titled: “​Aecom prepares for President-elect Trump’s infrastructure policies” with publication date: November 21, 2016.

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By Ellis Scott

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