Engineers Gate Manager LP increased its stake in shares of AECOM (NYSE:ACM – Free Report) by 18.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 129,355 shares of the construction company’s stock after acquiring an additional 19,883 shares during the quarter. Engineers Gate Manager LP’s holdings in AECOM were worth $9,029,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of ACM. Great Lakes Advisors LLC grew its stake in shares of AECOM by 14.9% in the 1st quarter. Great Lakes Advisors LLC now owns 2,366 shares of the construction company’s stock worth $219,000 after acquiring an additional 306 shares in the last quarter. Empowered Funds LLC lifted its position in shares of AECOM by 62.6% during the first quarter. Empowered Funds LLC now owns 14,266 shares of the construction company’s stock valued at $1,323,000 after purchasing an additional 5,493 shares in the last quarter. Focus Partners Wealth lifted its position in shares of AECOM by 6.9% during the first quarter. Focus Partners Wealth now owns 4,150 shares of the construction company’s stock valued at $385,000 after purchasing an additional 269 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of AECOM by 189.3% during the second quarter. EverSource Wealth Advisors LLC now owns 298 shares of the construction company’s stock valued at $34,000 after purchasing an additional 195 shares in the last quarter. Finally, Cresset Asset Management LLC boosted its holdings in AECOM by 13.7% during the second quarter. Cresset Asset Management LLC now owns 2,935 shares of the construction company’s stock worth $331,000 after purchasing an additional 353 shares during the last quarter. Institutional investors own 85.41% of the company’s stock.
AECOM Price Performance
ACM opened at $62.90 on Friday. The firm has a market cap of $8.09 billion, a P/E ratio of 28.85, a PEG ratio of 1.72 and a beta of 0.91. The firm has a 50-day moving average of $68.09 and a 200 day moving average of $76.15. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.06 and a current ratio of 1.06. AECOM has a fifty-two week low of $60.35 and a fifty-two week high of $135.52.
Analysts Set New Price Targets
ACM has been the subject of a number of recent analyst reports. Bank of America reduced their price objective on shares of AECOM from $94.50 to $81.00 and set a “buy” rating for the company in a research report on Wednesday, August 12th. Argus dropped their target price on shares of AECOM from $85.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, August 25th. Zacks Research downgraded AECOM from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Wall Street Zen lowered AECOM from a “buy” rating to a “hold” rating in a report on Monday, July 6th. Finally, Barclays decreased their price target on AECOM from $90.00 to $73.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 12th. Nine research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, AECOM has an average rating of “Moderate Buy” and a consensus target price of $88.25.
Check Out Our Latest Stock Report on AECOM
Insiders Place Their Bets
In other news, President Lara Poloni bought 4,224 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was acquired at an average cost of $70.63 per share, with a total value of $298,341.12. Following the completion of the transaction, the president directly owned 153,446 shares of the company’s stock, valued at $10,837,890.98. This represents a 2.83% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.46% of the company’s stock.
About AECOM
AECOM (NYSE: ACM) is a global infrastructure consulting firm that provides professional services across the project life cycle. The company supports public- and private-sector clients with planning, design, engineering, program and construction management, and operations services.
Its work spans transportation, water, environmental services, energy, buildings and places, and government infrastructure. AECOM serves clients including transportation agencies, governments, utilities, commercial organizations, and other institutions, helping them develop and maintain complex infrastructure and facilities.
AECOM operates internationally, with projects and operations across the Americas, Europe, the Middle East, India, and the Asia-Pacific region.
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