AECOM (ACM) Stake Reduced by Mark Sheptoff Financial Planning LLC
Mark Sheptoff Financial Planning LLC reduced its position in AECOM (NYSE:ACM) by 0.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,865 shares of the construction company’s stock after selling 1 shares during the period. Mark Sheptoff Financial Planning LLC’s holdings in AECOM were worth $739,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its position 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 during the period. Vanguard Group Inc. raised its position in shares of 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 during the period. Primecap Management Co. CA raised its position in shares of 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 during the period. Prudential Financial Inc. raised its position 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. Finally, Systematic Financial Management LP raised its position in shares of AECOM by 71.3% in the first quarter. Systematic Financial Management LP now owns 1,208,950 shares of the construction company’s stock worth $43,027,000 after buying an additional 503,160 shares during the period. 82.06% of the stock is owned by institutional investors and hedge funds.
Shares of AECOM (NYSE:ACM) traded up 2.24% during trading on Thursday, reaching $33.35. The company’s stock had a trading volume of 107,326 shares. The company’s 50-day moving average is $31.93 and its 200-day moving average is $33.71. AECOM has a 12 month low of $26.46 and a 12 month high of $40.72. The company has a market capitalization of $5.23 billion, a P/E ratio of 20.42 and a beta of 1.75.
AECOM (NYSE:ACM) last released its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.78 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.78. The firm 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 company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.81 earnings per share. On average, analysts forecast that AECOM will post $2.91 EPS for the current fiscal year.
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A number of equities analysts recently issued reports on ACM shares. Credit Suisse Group reissued a “buy” rating and issued a $44.00 price objective on shares of AECOM in a report on Thursday, June 29th. BidaskClub lowered AECOM from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 20th. Zacks Investment Research lowered AECOM from a “hold” rating to a “sell” rating in a report on Friday, July 21st. Argus decreased their price objective on AECOM from $43.00 to $33.00 and set a “buy” rating for the company in a report on Friday, June 2nd. Finally, Robert W. Baird lowered AECOM from an “outperform” rating to a “neutral” rating and set a $4.00 price objective for the company. in a report on Tuesday, July 4th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $35.55.
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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