United Capital Financial Advisers LLC boosted its stake in AECOM (NYSE:ACM) by 6.0% during the first quarter, Holdings Channel reports. The firm owned 56,239 shares of the construction company’s stock after buying an additional 3,187 shares during the period. United Capital Financial Advisers LLC’s holdings in AECOM were worth $2,002,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in AECOM by 15,313.2% in the first quarter. BlackRock Inc. now owns 12,670,699 shares of the construction company’s stock valued at $450,949,000 after buying an additional 12,588,492 shares during the period. UBS Group AG raised its position in AECOM by 21.0% in the first quarter. UBS Group AG now owns 500,181 shares of the construction company’s stock worth $17,801,000 after buying an additional 86,897 shares in the last quarter. Dimensional Fund Advisors LP raised its position in AECOM by 10.4% in the first quarter. Dimensional Fund Advisors LP now owns 4,570,122 shares of the construction company’s stock worth $162,648,000 after buying an additional 430,748 shares in the last quarter. Globeflex Capital L P bought a new position in AECOM during the first quarter worth approximately $422,000. Finally, Liberty Mutual Group Asset Management Inc. raised its position in AECOM by 1.9% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 70,203 shares of the construction company’s stock worth $2,500,000 after buying an additional 1,297 shares in the last quarter. Institutional investors own 82.54% of the company’s stock.
Shares of AECOM (ACM) traded up 0.15% during trading on Friday, reaching $32.61. The company’s stock had a trading volume of 1,509,098 shares. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 22.96 and a beta of 1.72. The stock’s 50 day moving average price is $33.00 and its 200-day moving average price is $35.56. AECOM has a 52-week low of $26.46 and a 52-week high of $40.72.
AECOM (NYSE:ACM) last released its earnings results on Tuesday, May 9th. The construction company reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.34. The company had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.47 billion. AECOM had a return on equity of 12.40% and a net margin of 1.28%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.87 EPS. Equities analysts anticipate that AECOM will post $2.96 EPS for the current year.
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A number of research firms recently commented on ACM. Argus cut their price objective on AECOM from $43.00 to $33.00 and set a “buy” rating on the stock in a research note on Friday, June 2nd. Zacks Investment Research lowered AECOM from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. Robert W. Baird lowered AECOM from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $45.00 to $40.00 in a research note on Friday, April 7th. TheStreet raised AECOM from a “c+” rating to a “b” rating in a research note on Thursday, March 16th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $38.00 price objective (down from $41.00) on shares of AECOM in a research note on Saturday, April 22nd. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $39.63.
In other news, EVP Carla J. Christofferson sold 9,599 shares of the firm’s stock in a transaction that occurred on Friday, March 24th. The stock was sold at an average price of $34.60, for a total value of $332,125.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.73% of the company’s stock.
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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