S&t Bankpa Lowers stake in Aecom (ACM)

Aecom (ACM) : S&t Bankpa reduced its stake in Aecom by 7.85% during the most recent quarter end. The investment management company now holds a total of 575,061 shares of Aecom which is valued at $21,248,504 after selling 48,955 shares in Aecom , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Aecom makes up approximately 3.39% of S&t Bankpa’s portfolio.

Other Hedge Funds, Including , Amalgamated Bank sold out all of its stake in ACM during the most recent quarter. The investment firm sold 20,702 shares of ACM which is valued $764,939.New York State Teachers Retirement System boosted its stake in ACM in the latest quarter, The investment management firm added 14,600 additional shares and now holds a total of 159,045 shares of Aecom which is valued at $5,122,839. Aecom makes up approx 0.01% of New York State Teachers Retirement System’s portfolio.Bb&t Securities boosted its stake in ACM in the latest quarter, The investment management firm added 17,850 additional shares and now holds a total of 43,350 shares of Aecom which is valued at $1,360,323. Aecom makes up approx 0.02% of Bb&t Securities’s portfolio.Blackrock Advisors reduced its stake in ACM by selling 135,123 shares or 7.36% in the most recent quarter. The Hedge Fund company now holds 1,700,618 shares of ACM which is valued at $46,681,964. Aecom makes up approx 0.05% of Blackrock Advisors’s portfolio.Next Financial Group Inc boosted its stake in ACM in the latest quarter, The investment management firm added 1,775 additional shares and now holds a total of 6,635 shares of Aecom which is valued at $179,875. Aecom makes up approx 0.03% of Next Financial Group Inc’s portfolio.

Aecom closed down -0.51 points or -1.37% at $36.7 with 25,72,421 shares getting traded on Monday. Post opening the session at $37.14, the shares hit an intraday low of $36.63 and an intraday high of $37.62 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Aecom reported $0.65 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Nov 14, 2016. Analyst had a consensus of $0.70. The company had revenue of $4323.00 million for the quarter, compared to analysts expectations of $4662.07 million. The company’s revenue was down -8.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.95 EPS.

Many Wall Street Analysts have commented on Aecom. Aecom was Upgraded by Argus to ” Buy” on Nov 15, 2016. Company shares were Reiterated by Canaccord Genuity on Nov 15, 2016 to “Hold”, Firm has raised the Price Target to $ 38 from a previous price target of $33 .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 .

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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