AECOM (ACM) Shares Sold by Calamos Advisors LLC
Calamos Advisors LLC lowered its position in shares of AECOM (NYSE:ACM) by 87.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,515 shares of the construction company’s stock after selling 391,483 shares during the period. Calamos Advisors LLC’s holdings in AECOM were worth $1,859,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. lifted its stake in AECOM by 4.9% during the first quarter. Nomura Asset Management Co. Ltd. now owns 3,410 shares of the construction company’s stock worth $122,000 after purchasing an additional 160 shares during the last quarter. Financial Architects Inc lifted its stake in AECOM by 1.0% during the second quarter. Financial Architects Inc now owns 4,632 shares of the construction company’s stock worth $150,000 after purchasing an additional 48 shares during the last quarter. Global X Management Co. LLC increased its holdings in shares of AECOM by 220.7% in the second quarter. Global X Management Co. LLC now owns 4,923 shares of the construction company’s stock worth $159,000 after buying an additional 3,388 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of AECOM by 12.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,359 shares of the construction company’s stock worth $173,000 after buying an additional 576 shares during the period. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of AECOM in the first quarter worth about $203,000. 82.06% of the stock is owned by hedge funds and other institutional investors.
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Several research analysts have recently commented on the company. UBS AG set a $38.00 price objective on AECOM and gave the stock a “buy” rating in a report on Monday, June 26th. Credit Suisse Group downgraded AECOM from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $44.00 to $37.00 in a report on Monday, July 24th. Zacks Investment Research downgraded AECOM from a “hold” rating to a “strong sell” rating in a report on Friday, August 11th. Robert W. Baird reiterated a “hold” rating and issued a $36.00 price objective on shares of AECOM in a report on Tuesday, September 5th. Finally, Citigroup Inc. set a $40.00 price objective on AECOM and gave the stock a “buy” rating in a report on Thursday, August 17th. Two 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 price target of $38.45.
AECOM (ACM) opened at 33.06 on Friday. AECOM has a one year low of $26.46 and a one year high of $40.72. The company’s 50-day moving average price is $31.99 and its 200-day moving average price is $33.37. The stock has a market cap of $5.18 billion, a P/E ratio of 20.24 and a beta of 1.70.
AECOM (NYSE:ACM) last announced its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.78 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.78. AECOM had a net margin of 1.46% and a return on equity of 12.19%. The firm had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter last year, the firm earned $0.81 EPS. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. Analysts forecast that AECOM will post $2.91 EPS for the current fiscal year.
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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