AECOM (NYSE:ACM) Stake Boosted by Telemus Capital LLC

Telemus Capital LLC raised its position in AECOM (NYSE:ACM) by 16.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,620 shares of the construction company’s stock after buying an additional 1,515 shares during the period. Telemus Capital LLC’s holdings in AECOM were worth $343,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ACM. Menora Mivtachim Holdings LTD. increased its stake in shares of AECOM by 56.5% in the first quarter. Menora Mivtachim Holdings LTD. now owns 466,500 shares of the construction company’s stock worth $16,603,000 after buying an additional 168,500 shares during the period. Bronfman E.L. Rothschild L.P. increased its stake in shares of AECOM by 1.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 7,239 shares of the construction company’s stock worth $258,000 after buying an additional 133 shares during the period. DUPONT CAPITAL MANAGEMENT Corp increased its stake in shares of AECOM by 78.0% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 88,900 shares of the construction company’s stock worth $3,164,000 after buying an additional 38,970 shares during the period. Bank of Montreal Can increased its stake in shares of AECOM by 12.2% in the first quarter. Bank of Montreal Can now owns 30,036 shares of the construction company’s stock worth $1,069,000 after buying an additional 3,255 shares during the period. Finally, Prudential Financial Inc. increased 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 period. 82.80% of the stock is owned by institutional investors.

AECOM (NYSE:ACM) last issued its quarterly earnings results on Tuesday, May 9th. The construction company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.55 by $0.34. AECOM had a net margin of 1.28% and a return on equity of 12.40%. The business had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.47 billion. During the same quarter last year, the company posted $0.87 earnings per share. The company’s quarterly revenue was up 1.0% compared to the same quarter last year.

A number of analysts have issued reports on ACM shares. Credit Suisse Group reaffirmed a “buy” rating and set a $44.00 price target on shares of AECOM in a report on Thursday, June 29th. Robert W. Baird cut AECOM from an “outperform” rating to a “neutral” rating and set a $4.00 target price on the stock. in a research report on Tuesday, July 4th. Argus cut their target price on AECOM from $43.00 to $33.00 and set a “buy” rating on the stock in a research report on Friday, June 2nd. Deutsche Bank AG reiterated a “hold” rating and set a $38.00 target price (down previously from $41.00) on shares of AECOM in a research report on Saturday, April 22nd. Finally, Zacks Investment Research cut AECOM from a “hold” rating to a “sell” rating in a research report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $35.30.

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.