Oppenheimer Asset Management Inc. boosted its position in Aecom (NYSE:ACM) by 17.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 6,693 shares of the construction company’s stock after purchasing an additional 985 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Aecom were worth $253,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of the stock. Advisory Services Network LLC raised its holdings in Aecom by 310.2% in the 2nd quarter. Advisory Services Network LLC now owns 1,005 shares of the construction company’s stock valued at $38,000 after acquiring an additional 760 shares during the period. Sterling Investment Advisors Ltd. bought a new position in Aecom in the 2nd quarter valued at about $76,000. Sound Income Strategies LLC bought a new position in Aecom in the 2nd quarter valued at about $155,000. BNP Paribas Arbitrage SA raised its holdings in Aecom by 68.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,245 shares of the construction company’s stock valued at $126,000 after acquiring an additional 1,723 shares during the period. Finally, CIBC Asset Management Inc bought a new position in Aecom in the 2nd quarter valued at about $224,000. Institutional investors and hedge funds own 87.35% of the company’s stock.
Several research analysts have weighed in on ACM shares. Barclays raised shares of Aecom from an “underweight” rating to an “overweight” rating and increased their price target for the company from $30.00 to $38.00 in a report on Monday, August 19th. Credit Suisse Group increased their price target on shares of Aecom from $32.00 to $39.00 and gave the company a “neutral” rating in a report on Tuesday, June 18th. Deutsche Bank increased their price target on shares of Aecom from $34.00 to $38.00 and gave the company a “hold” rating in a report on Tuesday, June 18th. Bank of America started coverage on shares of Aecom in a report on Thursday, August 22nd. They issued a “neutral” rating on the stock. Finally, ValuEngine cut shares of Aecom from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $37.75.
Shares of ACM traded up $0.05 during mid-day trading on Friday, hitting $38.08. 21,516 shares of the company’s stock were exchanged, compared to its average volume of 909,292. Aecom has a 52 week low of $24.83 and a 52 week high of $38.75. The stock’s 50-day simple moving average is $34.94 and its 200-day simple moving average is $33.57. The firm has a market cap of $6.01 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 1.47 and a beta of 1.74. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.81.
Aecom (NYSE:ACM) last announced its 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). Aecom had a return on equity of 10.27% and a net margin of 1.46%. The business had revenue of $4.98 billion for the quarter, compared to the consensus estimate of $5.25 billion. During the same period in the prior year, the business posted $0.62 earnings per share. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. Analysts forecast 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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