Poplar Forest Capital Lowers stake in Aecom (ACM)

Aecom (ACM) : Poplar Forest Capital reduced its stake in Aecom by 6.59% during the most recent quarter end. The investment management company now holds a total of 1,450,257 shares of Aecom which is valued at $50,091,877 after selling 102,364 shares in Aecom , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Aecom makes up approximately 4.34% of Poplar Forest Capital’s portfolio.

Other Hedge Funds, Including , Guardian Capital Lp sold out all of its stake in ACM during the most recent quarter. The investment firm sold 11,275 shares of ACM which is valued $389,439.Teachers Advisors Inc reduced its stake in ACM by selling 5,335 shares or 2.27% in the most recent quarter. The Hedge Fund company now holds 229,594 shares of ACM which is valued at $7,930,177. Aecom makes up approx 0.01% of Teachers Advisors Inc’s portfolio.Mycio Wealth Partners boosted its stake in ACM in the latest quarter, The investment management firm added 89 additional shares and now holds a total of 181 shares of Aecom which is valued at $6,252.Oregon Public Employees Retirement Fund boosted its stake in ACM in the latest quarter, The investment management firm added 2,591 additional shares and now holds a total of 67,809 shares of Aecom which is valued at $2,380,774. Aecom makes up approx 0.05% of Oregon Public Employees Retirement Fund’s portfolio.

Aecom opened for trading at $31.89 and hit $32.33 on the upside on Monday, eventually ending the session at $32.15, with a gain of 0.82% or 0.26 points. The heightened volatility saw the trading volume jump to 5,46,644 shares. Company has a market cap of $4,941 M.

On the company’s financial health, Aecom reported $0.81 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.70. The company had revenue of $4408.78 million for the quarter, compared to analysts expectations of $4543.83 million. The company’s revenue was down -3.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.74 EPS.

Many Wall Street Analysts have commented on Aecom. Shares were Reiterated by Deutsche Bank on Aug 22, 2016 to “Buy” and Lowered the Price Target to $ 38 from a previous price target of $41 .Company shares were Resumed by DA Davidson on Aug 10, 2016 to “Neutral”, Firm has raised the Price Target to $ 38 from a previous price target of $33 .

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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