Telemus Capital LLC boosted its position in AECOM (NYSE:ACM) by 16.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund 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 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Financial Architects Inc boosted its position in AECOM by 1.0% in the second quarter. Financial Architects Inc now owns 4,632 shares of the construction company’s stock worth $150,000 after buying an additional 48 shares during the period. First United Bank Trust boosted its position in AECOM by 0.7% in the second quarter. First United Bank Trust now owns 6,770 shares of the construction company’s stock worth $219,000 after buying an additional 50 shares during the period. Bronfman E.L. Rothschild L.P. boosted its position in 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. Nomura Asset Management Co. Ltd. boosted its position in AECOM by 4.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 3,410 shares of the construction company’s stock worth $122,000 after buying an additional 160 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC boosted its position in AECOM by 0.9% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 26,766 shares of the construction company’s stock worth $953,000 after buying an additional 235 shares during the period. Hedge funds and other institutional investors own 82.55% of the company’s stock.
Shares of AECOM (NYSE ACM) traded down 0.16% during midday trading on Thursday, reaching $31.47. 265,772 shares of the company traded hands. The firm has a market capitalization of $4.93 billion, a PE ratio of 19.27 and a beta of 1.75. AECOM has a 12-month low of $26.46 and a 12-month high of $40.72. The company has a 50-day moving average of $32.20 and a 200 day moving average of $33.99.
AECOM (NYSE:ACM) last issued its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.78 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.78. The business had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.54 billion. AECOM had a net margin of 1.46% and a return on equity of 12.19%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.81 EPS. On average, equities analysts forecast that AECOM will post $2.92 earnings per share for the current year.
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A number of equities analysts have issued reports on the company. UBS AG set a $38.00 target price on AECOM and gave the stock a “buy” rating in a report on Monday, June 26th. Citigroup Inc. set a $40.00 price objective on shares of AECOM and gave the stock a “buy” rating in a research note on Thursday. Credit Suisse Group downgraded shares of AECOM from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $44.00 to $37.00 in a research note on Monday, July 24th. Zacks Investment Research downgraded shares of AECOM from a “hold” rating to a “strong sell” rating in a research note on Friday, August 11th. Finally, Canaccord Genuity restated a “hold” rating and set a $36.00 price objective on shares of AECOM in a research note on Tuesday, August 8th. Two 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. AECOM presently has a consensus rating of “Hold” and an average target price 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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