New Mountain Vantage Advisers L.l.c. Lowers stake in Aecom (ACM)

Aecom (ACM) : New Mountain Vantage Advisers L.l.c. reduced its stake in Aecom by 8.37% during the most recent quarter end. The investment management company now holds a total of 2,222,498 shares of Aecom which is valued at $76,765,081 after selling 203,142 shares in Aecom , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Aecom makes up approximately 4.23% of New Mountain Vantage Advisers L.l.c.’s portfolio.

Other Hedge Funds, Including , Brandywine Global Investment Management reduced its stake in ACM by selling 45,687 shares or 2.17% in the most recent quarter. The Hedge Fund company now holds 2,061,901 shares of ACM which is valued at $71,218,061. Aecom makes up approx 0.46% of Brandywine Global Investment Management’s portfolio.Blackrock Fund Advisors boosted its stake in ACM in the latest quarter, The investment management firm added 327,085 additional shares and now holds a total of 5,261,909 shares of Aecom which is valued at $181,746,337. Aecom makes up approx 0.04% of Blackrock Fund Advisors’s portfolio.Blackrock Group Ltd boosted its stake in ACM in the latest quarter, The investment management firm added 139,290 additional shares and now holds a total of 375,973 shares of Aecom which is valued at $12,986,107. Aecom makes up approx 0.01% of Blackrock Group Ltd’s portfolio.First Mercantile Trust Co reduced its stake in ACM by selling 150 shares or 5.0% in the most recent quarter. The Hedge Fund company now holds 2,850 shares of ACM which is valued at $98,439. Aecom makes up approx 0.01% of First Mercantile Trust Co’s portfolio. Sunnymeath Asset Management added ACM to its portfolio by purchasing 30,600 company shares during the most recent quarter which is valued at $1,065,492. Aecom makes up approx 1.50% of Sunnymeath Asset Management’s portfolio.

Aecom closed down -0.39 points or -1.26% at $30.44 with 12,98,063 shares getting traded on Thursday. Post opening the session at $30.82, the shares hit an intraday low of $30.04 and an intraday high of $31.1 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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