Poplar Forest Capital Lowers stake in Aecom (ACM)

Aecom (ACM) : Poplar Forest Capital reduced its stake in Aecom by 2.37% during the most recent quarter end. The investment management company now holds a total of 1,552,621 shares of Aecom which is valued at $49.6 Million after selling 37,681 shares in Aecom , the firm said in a disclosure report filed with the SEC on May 13, 2016.Aecom makes up approximately 4.30% of Poplar Forest Capital’s portfolio.

Other Hedge Funds, Including , Hbk Investments L P sold out all of its stake in ACM during the most recent quarter. The investment firm sold 17,379 shares of ACM which is valued $555,259.Genesee Valley Trust Co boosted its stake in ACM in the latest quarter, The investment management firm added 890 additional shares and now holds a total of 31,082 shares of Aecom which is valued at $993,070. Aecom makes up approx 0.71% of Genesee Valley Trust Co’s portfolio.J.safra Asset Management Corp boosted its stake in ACM in the latest quarter, The investment management firm added 21,380 additional shares and now holds a total of 45,011 shares of Aecom which is valued at $1.4 Million. Aecom makes up approx 1.18% of J.safra Asset Management Corp’s portfolio.Penserra Capital Management boosted its stake in ACM in the latest quarter, The investment management firm added 6 additional shares and now holds a total of 210 shares of Aecom which is valued at $6,710.Commonwealth Of Pennsylvania Public School Empls Retrmt Sys reduced its stake in ACM by selling 16,617 shares or 37.85% in the most recent quarter. The Hedge Fund company now holds 27,280 shares of ACM which is valued at $871,596. Aecom makes up approx 0.02% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.

Aecom opened for trading at $32.41 and hit $32.56 on the upside on Wednesday, eventually ending the session at $32.37, with a gain of 0.84% or 0.27 points. The heightened volatility saw the trading volume jump to 8,80,445 shares. Company has a market cap of $4,964 M.

On the company’s financial health, Aecom reported $0.87 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on May 10, 2016. Analyst had a consensus of $0.73. The company had revenue of $4381.00 million for the quarter, compared to analysts expectations of $4559.85 million. The company’s revenue was down -2.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.58 EPS.

Many Wall Street Analysts have commented on Aecom. Canaccord Genuity Initiated Aecom on Apr 12, 2016 to “Hold”, Price Target of the shares are set at $31.Deutsche Bank Initiated Aecom on Apr 7, 2016 to “Buy”, Price Target of the shares are set at $41.Aecom was Downgraded by BB&T Capital Mkts to ” Hold” on Mar 21, 2016.

AECOM formerly AECOM Technology Corporation designs builds finances and operates infrastructure assets for governments businesses and organizations around the world. The Company provides program and facilities management and maintenance training logistics consulting technical assistance and systems integration and information technology (IT) services. The Company operates through three segments: Design and Consulting Services (DCS) Construction Services (CS) and Management Services (MS). The DCS segment provides planning consulting architectural and engineering design and program and construction management services to commercial and government clients across the world. Its CS segment provides construction program and construction management services including building construction and energy infrastructure and industrial construction primarily in the Americas. The Company through its MS segment is a contractor to the United States Federal Government.

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