Mcmillion Capital Management Inc. Sells 125 Shares of AECOM (ACM)

Mcmillion Capital Management Inc. reduced its position in shares of AECOM (NYSE:ACM) by 0.2% during the first quarter, Holdings Channel reports. The institutional investor owned 65,608 shares of the construction company’s stock after selling 125 shares during the period. Mcmillion Capital Management Inc.’s holdings in AECOM were worth $2,335,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in ACM. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of AECOM by 0.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,792 shares of the construction company’s stock worth $829,000 after buying an additional 59 shares in the last quarter. Oxford Asset Management purchased a new stake in shares of AECOM during the fourth quarter worth $709,000. Marshall Wace LLP purchased a new stake in shares of AECOM during the fourth quarter worth $451,000. Brown Advisory Inc. purchased a new stake in shares of AECOM during the fourth quarter worth $266,000. Finally, Dynamic Technology Lab Private Ltd increased its stake in shares of AECOM by 46.5% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 11,557 shares of the construction company’s stock worth $419,000 after buying an additional 3,670 shares in the last quarter. Institutional investors and hedge funds own 82.53% of the company’s stock.

Institutional Ownership by Quarter for AECOM (NYSE:ACM)

Shares of AECOM (NYSE ACM) traded down 0.22% during mid-day trading on Friday, reaching $32.27. 2,686,544 shares of the company’s stock traded hands. AECOM has a 12 month low of $26.46 and a 12 month high of $40.72. The company has a 50 day moving average of $32.85 and a 200 day moving average of $35.45. The company has a market cap of $5.03 billion, a price-to-earnings ratio of 22.73 and a beta of 1.72.

AECOM (NYSE:ACM) last issued its quarterly earnings results on Tuesday, May 9th. The construction company reported $0.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.34. AECOM had a return on equity of 12.40% and a net margin of 1.28%. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.47 billion. During the same period in the previous year, the firm earned $0.87 earnings per share. The company’s revenue was up 1.0% compared to the same quarter last year. Analysts expect that AECOM will post $2.96 earnings per share for the current fiscal year.

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A number of analysts recently weighed in on ACM shares. TheStreet upgraded shares of AECOM from a “c+” rating to a “b” rating in a research report on Thursday, March 16th. Robert W. Baird downgraded shares of AECOM from an “outperform” rating to a “neutral” rating and cut their price target for the company from $45.00 to $40.00 in a research report on Friday, April 7th. Zacks Investment Research upgraded shares of AECOM from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Tuesday, April 18th. Deutsche Bank AG reiterated a “hold” rating and issued a $38.00 price target (down from $41.00) on shares of AECOM in a research report on Saturday, April 22nd. Finally, Argus cut their price target on shares of AECOM from $43.00 to $33.00 and set a “buy” rating on the stock in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. AECOM currently has a consensus rating of “Hold” and a consensus target price of $39.63.

About AECOM

AECOM is engaged in designing, building, financing and operating infrastructure assets for governments, businesses and organizations. The Company’s segments include design and consulting services (DCS), construction services (CS) and management services (MS). Its DCS segment is engaged in planning, consulting, architectural and engineering design services to commercial and government clients in major end markets, such as transportation, facilities, environmental, energy, water and government.

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