Perigon Wealth Management LLC decreased its position in Aecom (NYSE:ACM) by 24.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 79,455 shares of the construction company’s stock after selling 26,000 shares during the period. Perigon Wealth Management LLC’s holdings in Aecom were worth $2,624,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Cornerstone Wealth Management LLC bought a new stake in shares of Aecom in the 2nd quarter valued at about $300,000. Conning Inc. acquired a new position in shares of Aecom during the 1st quarter worth approximately $336,000. Old Mutual Global Investors UK Ltd. acquired a new position in shares of Aecom during the 1st quarter worth approximately $356,000. Verity Asset Management Inc. boosted its position in shares of Aecom by 12.6% during the 1st quarter. Verity Asset Management Inc. now owns 13,094 shares of the construction company’s stock worth $467,000 after acquiring an additional 1,465 shares in the last quarter. Finally, M&T Bank Corp boosted its position in shares of Aecom by 31.6% during the 1st quarter. M&T Bank Corp now owns 13,505 shares of the construction company’s stock worth $481,000 after acquiring an additional 3,246 shares in the last quarter. 84.42% of the stock is owned by institutional investors.

In related news, EVP Carla J. Christofferson sold 1,000 shares of the business’s stock in a transaction dated Friday, July 6th. The shares were sold at an average price of $33.00, for a total transaction of $33,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.74% of the stock is owned by company insiders.

Several analysts recently issued reports on ACM shares. Zacks Investment Research lowered shares of Aecom from a “hold” rating to a “sell” rating in a research report on Monday, July 16th. Citigroup cut their target price on shares of Aecom from $49.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, July 23rd. Credit Suisse Group dropped their price target on shares of Aecom from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Wednesday, August 8th. Finally, Argus downgraded shares of Aecom from a “buy” rating to a “hold” rating in a research note on Wednesday, August 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $36.00.

ACM traded up $0.13 during midday trading on Friday, hitting $32.44. The company had a trading volume of 1,239,419 shares, compared to its average volume of 691,894. The company has a market cap of $5.18 billion, a P/E ratio of 11.03, a price-to-earnings-growth ratio of 2.16 and a beta of 1.58. Aecom has a 52 week low of $30.95 and a 52 week high of $39.90. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.87.

Aecom (NYSE:ACM) last issued its quarterly earnings data on Tuesday, August 7th. The construction company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $4.88 billion. Aecom had a net margin of 0.72% and a return on equity of 9.86%. During the same period last year, the company earned $0.78 earnings per share. research analysts forecast that Aecom will post 2.68 EPS for the current fiscal year.

About Aecom

AECOM, together with its subsidiaries, engages in designing, building, financing, and operating infrastructure assets worldwide. The company operates through four segments: Design and Consulting Services (DCS), Construction Services (CS), Management Services (MS), and AECOM Capital (ACAP). The DCS segment provides planning, consulting, architectural and engineering design, program management, and construction management services for industrial, commercial, institutional, and government clients, such as transportation, facilities, environmental, and energy/power markets.

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Institutional Ownership by Quarter for Aecom (NYSE:ACM)

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