Wells Fargo & Company MN boosted its position in Aecom (NYSE:ACM) by 87.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 201,274 shares of the construction company’s stock after purchasing an additional 93,627 shares during the quarter. Wells Fargo & Company MN’s holdings in Aecom were worth $7,618,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in ACM. BlackRock Inc. raised its position in Aecom by 1.9% in the 1st quarter. BlackRock Inc. now owns 13,593,426 shares of the construction company’s stock valued at $403,316,000 after purchasing an additional 254,349 shares during the last quarter. Primecap Management Co. CA increased its position in Aecom by 0.8% during the first quarter. Primecap Management Co. CA now owns 21,695,534 shares of the construction company’s stock worth $643,706,000 after buying an additional 182,800 shares during the last quarter. JPMorgan Chase & Co. increased its position in Aecom by 37.1% during the first quarter. JPMorgan Chase & Co. now owns 665,261 shares of the construction company’s stock worth $19,737,000 after buying an additional 180,061 shares during the last quarter. Twin Capital Management Inc. acquired a new position in Aecom during the second quarter worth approximately $4,432,000. Finally, First Trust Advisors LP increased its position in Aecom by 16.6% during the first quarter. First Trust Advisors LP now owns 532,229 shares of the construction company’s stock worth $15,791,000 after buying an additional 75,959 shares during the last quarter. 87.35% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have weighed in on the company. Deutsche Bank boosted their price target on Aecom from $34.00 to $38.00 and gave the stock a “hold” rating in a research report on Tuesday, June 18th. Credit Suisse Group upped their target price on Aecom from $32.00 to $39.00 and gave the company a “neutral” rating in a research report on Tuesday, June 18th. ValuEngine downgraded Aecom from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Barclays raised Aecom from an “underweight” rating to an “overweight” rating and upped their target price for the company from $30.00 to $38.00 in a research report on Monday, August 19th. Finally, Bank of America began coverage on Aecom in a research report on Thursday, August 22nd. They issued a “neutral” rating on the stock. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Aecom currently has an average rating of “Buy” and a consensus target price of $37.75.
Shares of Aecom stock traded down $0.23 on Friday, hitting $37.80. The stock had a trading volume of 818,449 shares, compared to its average volume of 899,278. Aecom has a twelve month low of $24.83 and a twelve month high of $38.75. The business’s 50 day moving average is $34.96 and its two-hundred day moving average is $33.60. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.81. The stock has a market cap of $6.06 billion, a price-to-earnings ratio of 14.10, a price-to-earnings-growth ratio of 1.49 and a beta of 1.74.
Aecom (NYSE:ACM) last posted its earnings results on Tuesday, August 6th. The construction company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.02). Aecom had a net margin of 1.46% and a return on equity of 10.27%. The firm had revenue of $4.98 billion during the quarter, compared to analyst estimates of $5.25 billion. During the same period in the previous year, the company posted $0.62 EPS. Aecom’s revenue for the quarter was down 3.3% compared to the same quarter last year. As a group, equities analysts predict that Aecom will post 2.77 earnings per share for the current fiscal year.
AECOM, together with its subsidiaries, engages in designing, building, financing, and operating infrastructure assets worldwide. It operates through four segments: Design and Consulting Services (DCS), Construction Services (CS), Management Services (MS), and AECOM Capital (ACAP). The DCS segment offers planning, consulting, architectural and engineering design, program management, and construction management services for industrial, commercial, institutional, and government clients, including the transportation, facilities, environmental, energy, and water markets.
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