S&t Bankpa buys $20.4 Million stake in Aecom (ACM)

Aecom (ACM) : S&t Bankpa scooped up 5,189 additional shares in Aecom during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 638,579 shares of Aecom which is valued at $20.4 Million.Aecom makes up approximately 3.54% of S&t Bankpa’s portfolio.

Other Hedge Funds, Including , Schwab Charles Investment Management Inc reduced its stake in ACM by selling 48,161 shares or 7.69% in the most recent quarter. The Hedge Fund company now holds 578,458 shares of ACM which is valued at $18.6 Million. Aecom makes up approx 0.02% of Schwab Charles Investment Management Inc’s portfolio.Russell Frank Co boosted its stake in ACM in the latest quarter, The investment management firm added 48,991 additional shares and now holds a total of 210,942 shares of Aecom which is valued at $6.9 Million. Aecom makes up approx 0.01% of Russell Frank Co’s portfolio.Retirement Systems Of Alabama boosted its stake in ACM in the latest quarter, The investment management firm added 2,231 additional shares and now holds a total of 196,784 shares of Aecom which is valued at $6.4 Million. Aecom makes up approx 0.04% of Retirement Systems Of Alabama’s portfolio.State Of New Jersey Common Pension Fund D reduced its stake in ACM by selling 125,000 shares or 6.94% in the most recent quarter. The Hedge Fund company now holds 1,675,000 shares of ACM which is valued at $54.4 Million. Aecom makes up approx 0.24% of State Of New Jersey Common Pension Fund D’s portfolio.

Aecom opened for trading at $32.1 and hit $32.82 on the upside on Monday, eventually ending the session at $32.64, with a gain of 2.16% or 0.69 points. The heightened volatility saw the trading volume jump to 9,73,252 shares. Company has a market cap of $5,006 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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