Pamplona Capital Management Lowers stake in Aecom (ACM)

Aecom (ACM) : Pamplona Capital Management reduced its stake in Aecom by 2.2% during the most recent quarter end. The investment management company now holds a total of 685,546 shares of Aecom which is valued at $20,826,887 after selling 15,410 shares in Aecom , the firm said in a disclosure report filed with the SEC on Apr 12, 2016.Aecom makes up approximately 36.08% of Pamplona Capital Management’s portfolio.

Aecom opened for trading at $30.21 and hit $30.61 on the upside on Friday, eventually ending the session at $30.38, with a gain of 0.03% or 0.01 points. The heightened volatility saw the trading volume jump to 7,45,834 shares. Company has a market cap of $4,636 M.

Other Hedge Funds, Including , Endurance Wealth Management reduced its stake in ACM by selling 775 shares or 77.5% in the most recent quarter. The Hedge Fund company now holds 225 shares of ACM which is valued at $6,836. First United Bank Trust sold out all of its stake in ACM during the most recent quarter. The investment firm sold 14,912 shares of ACM which is valued $453,027. Proficio Capital Partners added ACM to its portfolio by purchasing 90 company shares during the most recent quarter which is valued at $2,679.Creative Planning reduced its stake in ACM by selling 125 shares or 51.44% in the most recent quarter. The Hedge Fund company now holds 118 shares of ACM which is valued at $3,513.Weaver C. Barksdale Associates boosted its stake in ACM in the latest quarter, The investment management firm added 167 additional shares and now holds a total of 2,389 shares of Aecom which is valued at $71,121. Aecom makes up approx 0.05% of Weaver C. Barksdale Associates’s portfolio.

On the company’s financial health, Aecom reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Feb 9, 2016. Analyst had a consensus of $0.63. The company had revenue of $4298.00 million for the quarter, compared to analysts expectations of $4346.44 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 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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