AECOM (ACM) Shares Bought by Alliancebernstein L.P.
Alliancebernstein L.P. increased its holdings in AECOM (NYSE:ACM) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,816,118 shares of the construction company’s stock after purchasing an additional 7,075 shares during the period. Alliancebernstein L.P. owned 1.81% of AECOM worth $91,045,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Aberdeen Asset Management PLC UK lifted its holdings in AECOM by 94.1% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 24,332 shares of the construction company’s stock worth $787,000 after purchasing an additional 11,796 shares in the last quarter. South Dakota Investment Council lifted its holdings in AECOM by 16.5% in the 2nd quarter. South Dakota Investment Council now owns 246,100 shares of the construction company’s stock worth $7,956,000 after purchasing an additional 34,900 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in AECOM by 0.7% in the 2nd quarter. Wells Fargo & Company MN now owns 315,354 shares of the construction company’s stock worth $10,195,000 after purchasing an additional 2,264 shares in the last quarter. Commonwealth Bank of Australia lifted its holdings in AECOM by 210.0% in the 2nd quarter. Commonwealth Bank of Australia now owns 12,400 shares of the construction company’s stock worth $400,000 after purchasing an additional 8,400 shares in the last quarter. Finally, Freestone Capital Holdings LLC lifted its holdings in AECOM by 6.0% in the 2nd quarter. Freestone Capital Holdings LLC now owns 30,876 shares of the construction company’s stock worth $998,000 after purchasing an additional 1,746 shares in the last quarter. 82.06% of the stock is currently owned by institutional investors.
Shares of AECOM (NYSE ACM) opened at 33.38 on Tuesday. AECOM has a one year low of $26.46 and a one year high of $40.72. The stock’s 50 day moving average price is $31.99 and its 200 day moving average price is $33.28. The stock has a market capitalization of $5.23 billion, a PE ratio of 20.44 and a beta of 1.70.
AECOM (NYSE:ACM) last issued its quarterly earnings results 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 firm had revenue of $4.56 billion for the quarter, compared to analyst estimates of $4.54 billion. AECOM had a return on equity of 12.19% and a net margin of 1.46%. The business’s revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.81 earnings per share. Equities research analysts predict that AECOM will post $2.91 EPS for the current fiscal year.
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A number of research analysts recently commented on the company. BidaskClub cut AECOM from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 20th. Robert W. Baird cut AECOM from an “outperform” rating to a “neutral” rating and set a $4.00 price objective on the stock. in a report on Tuesday, July 4th. Canaccord Genuity reaffirmed a “hold” rating and set a $36.00 price objective on shares of AECOM in a report on Tuesday, August 8th. Credit Suisse Group reaffirmed a “hold” rating and set a $37.00 price objective on shares of AECOM in a report on Thursday, August 10th. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $40.00 price objective (down from $45.00) on shares of AECOM in a report on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $38.45.
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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