Aecom (NYSE:ACM) Shares Acquired by Synovus Financial Corp

Synovus Financial Corp lifted its position in shares of Aecom (NYSE:ACM) by 5.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,835 shares of the construction company’s stock after buying an additional 572 shares during the quarter. Synovus Financial Corp’s holdings in Aecom were worth $408,000 at the end of the most recent quarter.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

Several other large investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its stake in shares of Aecom by 25.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 274,899 shares of the construction company’s stock worth $10,323,000 after buying an additional 56,504 shares during the last quarter. Texas Permanent School Fund raised its stake in shares of Aecom by 0.5% during the 3rd quarter. Texas Permanent School Fund now owns 107,355 shares of the construction company’s stock worth $4,032,000 after buying an additional 570 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of Aecom by 27.5% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 8,535 shares of the construction company’s stock worth $321,000 after buying an additional 1,842 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of Aecom by 21.5% during the 3rd quarter. California Public Employees Retirement System now owns 383,841 shares of the construction company’s stock worth $14,417,000 after buying an additional 67,883 shares during the last quarter. Finally, Dupont Capital Management Corp raised its stake in shares of Aecom by 37.2% during the 3rd quarter. Dupont Capital Management Corp now owns 20,724 shares of the construction company’s stock worth $778,000 after buying an additional 5,623 shares during the last quarter. 86.53% of the stock is owned by institutional investors and hedge funds.

ACM traded up $0.21 during midday trading on Friday, hitting $42.44. The company’s stock had a trading volume of 746,587 shares, compared to its average volume of 947,069. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.81. The firm has a market cap of $6.68 billion, a P/E ratio of 15.84, a PEG ratio of 1.36 and a beta of 1.75. The firm has a 50-day moving average price of $39.12 and a two-hundred day moving average price of $35.91. Aecom has a 52-week low of $24.83 and a 52-week high of $42.87.

A number of analysts recently commented on the company. Deutsche Bank upgraded Aecom from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $44.00 to $49.00 in a research report on Tuesday, November 5th. Bank of America upgraded Aecom from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $37.00 to $45.00 in a research report on Monday, October 14th. Barclays upgraded Aecom from an “underweight” rating to an “overweight” rating and lifted their price objective for the stock from $30.00 to $38.00 in a research report on Monday, August 19th. Citigroup lifted their price objective on Aecom from $43.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, ValuEngine cut Aecom from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $42.20.

Aecom Profile

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.

See Also: What is a growth and income fund?

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:ACM).

Institutional Ownership by Quarter for Aecom (NYSE:ACM)

Leave a Reply

Your email address will not be published. Required fields are marked *