Wedge Capital Management L L P NC Has $48.25 Million Stake in AECOM (ACM)

Wedge Capital Management L L P NC reduced its position in AECOM (NYSE:ACM) by 0.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,492,444 shares of the construction company’s stock after selling 9,404 shares during the period. Wedge Capital Management L L P NC owned approximately 0.96% of AECOM worth $48,251,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of ACM. BlackRock Inc. boosted its stake in shares of AECOM by 15,313.2% in the first quarter. BlackRock Inc. now owns 12,670,699 shares of the construction company’s stock worth $450,949,000 after buying an additional 12,588,492 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of AECOM by 12.4% in the first quarter. Vanguard Group Inc. now owns 13,266,548 shares of the construction company’s stock worth $472,156,000 after buying an additional 1,466,683 shares during the last quarter. Primecap Management Co. CA boosted its stake in shares of AECOM by 16.3% in the first quarter. Primecap Management Co. CA now owns 8,636,075 shares of the construction company’s stock worth $307,358,000 after buying an additional 1,212,050 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of AECOM by 107.8% in the first quarter. Prudential Financial Inc. now owns 974,764 shares of the construction company’s stock worth $34,692,000 after buying an additional 505,728 shares during the last quarter. Finally, Systematic Financial Management LP boosted its stake in shares of AECOM by 71.3% in the first quarter. Systematic Financial Management LP now owns 1,208,950 shares of the construction company’s stock worth $43,027,000 after buying an additional 503,160 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Shares of AECOM (ACM) opened at 32.26 on Friday. The company’s 50 day moving average price is $32.24 and its 200 day moving average price is $34.15. AECOM has a 52-week low of $26.46 and a 52-week high of $40.72. The stock has a market cap of $5.02 billion, a PE ratio of 19.76 and a beta of 1.75.

AECOM (NYSE:ACM) last announced its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.78 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.78. AECOM had a return on equity of 12.19% and a net margin of 1.46%. The firm had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same quarter in the previous year, the business earned $0.81 EPS. AECOM’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, analysts anticipate that AECOM will post $2.92 earnings per share for the current year.

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ACM has been the subject of a number of analyst reports. Credit Suisse Group restated a “buy” rating and issued a $44.00 price target on shares of AECOM in a research report on Thursday, June 29th. Zacks Investment Research upgraded AECOM from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Tuesday, April 18th. BidaskClub cut AECOM from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 20th. Deutsche Bank AG restated a “hold” rating and issued a $38.00 price target (down previously from $41.00) on shares of AECOM in a research report on Saturday, April 22nd. Finally, Argus reduced their price target on AECOM from $43.00 to $33.00 and set a “buy” rating for the company in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $35.10.

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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Institutional Ownership by Quarter for AECOM (NYSE:ACM)

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