First United Bank Trust Raises Position in AECOM (ACM)
First United Bank Trust increased its position in shares of AECOM (NYSE:ACM) by 0.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,770 shares of the construction company’s stock after buying an additional 50 shares during the period. First United Bank Trust’s holdings in AECOM were worth $219,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of ACM. BlackRock Inc. raised 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 in the last quarter. Vanguard Group Inc. raised its stake in 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 in the last quarter. Primecap Management Co. CA raised its stake in 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 in the last quarter. Norges Bank acquired a new stake in AECOM during the fourth quarter worth approximately $43,483,000. Finally, Prudential Financial Inc. raised its stake in 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 in the last quarter. 82.53% of the stock is owned by institutional investors and hedge funds.
AECOM (ACM) traded down 0.86% during midday trading on Thursday, reaching $32.37. 162,157 shares of the company traded hands. AECOM has a 12-month low of $26.46 and a 12-month high of $40.72. The stock has a market capitalization of $5.04 billion, a P/E ratio of 22.80 and a beta of 1.75. The company has a 50 day moving average of $32.56 and a 200-day moving average of $35.16.
AECOM (NYSE:ACM) last issued its earnings results on Tuesday, May 9th. The construction company reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.34. The business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.47 billion. AECOM had a net margin of 1.28% and a return on equity of 12.40%. AECOM’s revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.87 earnings per share. Equities analysts anticipate that AECOM will post $2.97 EPS for the current fiscal year.
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A number of research firms have commented on ACM. Robert W. Baird lowered shares of AECOM from an “outperform” rating to a “neutral” rating and set a $4.00 target price for the company. in a report on Tuesday, July 4th. Zacks Investment Research cut shares of AECOM from a “buy” rating to a “hold” rating in a research report on Friday, April 21st. Credit Suisse Group reissued a “buy” rating and set a $44.00 price target on shares of AECOM in a research report on Thursday, June 29th. Argus reduced their price target on shares of AECOM from $43.00 to $33.00 and set a “buy” rating on the stock in a research report on Friday, June 2nd. Finally, TheStreet raised shares of AECOM from a “c+” rating to a “b” rating in a research report on Thursday, March 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. AECOM currently has an average rating of “Hold” and an average target price of $36.11.
AECOM Company Profile
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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