CLARET ASSET MANAGEMENT Corp lowered its position in Aecom (NYSE:ACM) by 8.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 117,833 shares of the construction company’s stock after selling 11,293 shares during the quarter. CLARET ASSET MANAGEMENT Corp owned about 0.07% of Aecom worth $4,426,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the business. Primecap Management Co. CA boosted its holdings in shares of Aecom by 0.8% in the first quarter. Primecap Management Co. CA now owns 21,695,534 shares of the construction company’s stock valued at $643,706,000 after acquiring an additional 182,800 shares in the last quarter. BlackRock Inc. boosted its holdings in Aecom by 0.4% during the second quarter. BlackRock Inc. now owns 13,652,262 shares of the construction company’s stock worth $516,738,000 after buying an additional 58,836 shares in the last quarter. Starboard Value LP bought a new stake in Aecom during the second quarter worth approximately $166,567,000. Invesco Ltd. boosted its holdings in Aecom by 0.5% during the second quarter. Invesco Ltd. now owns 3,404,265 shares of the construction company’s stock worth $128,851,000 after buying an additional 16,298 shares in the last quarter. Finally, Pzena Investment Management LLC boosted its holdings in Aecom by 2.8% during the second quarter. Pzena Investment Management LLC now owns 2,752,783 shares of the construction company’s stock worth $104,193,000 after buying an additional 74,617 shares in the last quarter. Institutional investors own 87.24% of the company’s stock.
NYSE:ACM traded up $0.70 during trading hours on Friday, reaching $37.52. 384,390 shares of the company’s stock were exchanged, compared to its average volume of 937,650. The company has a market capitalization of $5.73 billion, a P/E ratio of 14.00, a price-to-earnings-growth ratio of 1.20 and a beta of 1.72. Aecom has a 12 month low of $24.83 and a 12 month high of $38.75. 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 business’s 50-day simple moving average is $36.52 and its two-hundred day simple moving average is $34.51.
Aecom (NYSE:ACM) last issued its quarterly earnings results on Tuesday, August 6th. The construction company reported $0.72 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.02). The firm had revenue of $4.98 billion during the quarter, compared to analysts’ expectations of $5.25 billion. Aecom had a net margin of 1.46% and a return on equity of 10.27%. The firm’s revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.62 EPS. As a group, sell-side analysts anticipate that Aecom will post 2.77 earnings per share for the current fiscal year.
A number of brokerages recently weighed in on ACM. Bank of America began coverage on shares of Aecom in a report on Thursday, August 22nd. They set a “neutral” rating for the company. Barclays upgraded shares of Aecom from an “underweight” rating to an “overweight” rating and raised their target price for the stock from $30.00 to $38.00 in a report on Monday, August 19th. Argus upgraded shares of Aecom from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a report on Friday, September 20th. ValuEngine cut shares of Aecom from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Credit Suisse Group raised their target price on shares of Aecom from $32.00 to $39.00 and gave the stock a “neutral” rating in a report on Tuesday, June 18th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $38.44.
Aecom Company Profile
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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