Tiverton Asset Management LLC bought a new position in shares of Aecom (NYSE:ACM) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 9,359 shares of the construction company’s stock, valued at approximately $354,000.

Several other institutional investors have also modified their holdings of ACM. Geode Capital Management LLC boosted its holdings in Aecom by 4.0% in the fourth quarter. Geode Capital Management LLC now owns 1,631,090 shares of the construction company’s stock valued at $43,223,000 after purchasing an additional 63,085 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Aecom by 68.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,245 shares of the construction company’s stock valued at $126,000 after buying an additional 1,723 shares during the period. Bank of Montreal Can lifted its holdings in shares of Aecom by 72.6% in the 1st quarter. Bank of Montreal Can now owns 51,440 shares of the construction company’s stock valued at $1,526,000 after buying an additional 21,632 shares during the period. Texas Permanent School Fund boosted its stake in shares of Aecom by 3.6% in the first quarter. Texas Permanent School Fund now owns 105,986 shares of the construction company’s stock worth $3,145,000 after buying an additional 3,671 shares during the last quarter. Finally, American International Group Inc. boosted its stake in shares of Aecom by 7.6% in the first quarter. American International Group Inc. now owns 342,774 shares of the construction company’s stock worth $10,170,000 after buying an additional 24,078 shares during the last quarter. 87.35% of the stock is owned by hedge funds and other institutional investors.

ACM traded up $0.13 during trading on Wednesday, hitting $38.13. The company’s stock had a trading volume of 22,248 shares, compared to its average volume of 888,919. The firm has a market capitalization of $6.02 billion, a price-to-earnings ratio of 14.23, a P/E/G ratio of 1.48 and a beta of 1.74. Aecom has a twelve month low of $24.83 and a twelve month high of $38.41. The business’s fifty day simple moving average is $34.90 and its 200 day simple moving average is $33.53. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.81.

Aecom (NYSE:ACM) last announced its earnings results on Tuesday, August 6th. The construction company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.02). Aecom had a net margin of 1.46% and a return on equity of 10.27%. The business had revenue of $4.98 billion for the quarter, compared to analysts’ expectations of $5.25 billion. During the same quarter last year, the business earned $0.62 EPS. The company’s quarterly revenue was down 3.3% on a year-over-year basis. As a group, equities research analysts forecast that Aecom will post 2.77 earnings per share for the current fiscal year.

Several research analysts recently weighed in on the company. Deutsche Bank lifted their price target on Aecom from $34.00 to $38.00 and gave the company a “hold” rating in a research report on Tuesday, June 18th. Bank of America assumed coverage on shares of Aecom in a research note on Thursday, August 22nd. They set a “neutral” rating on the stock. Credit Suisse Group lifted their target price on shares of Aecom from $32.00 to $39.00 and gave the company a “neutral” rating in a report on Tuesday, June 18th. ValuEngine cut shares of Aecom from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Barclays raised shares of Aecom from an “underweight” rating to an “overweight” rating and increased their price target for the stock from $30.00 to $38.00 in a report on Monday, August 19th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $37.75.

Aecom Profile

AECOM, together with its subsidiaries, engages in designing, building, financing, and operating infrastructure assets worldwide. It operates through four segments: Design and Consulting Services (DCS), Construction Services (CS), Management Services (MS), and AECOM Capital (ACAP). The DCS segment offers planning, consulting, architectural and engineering design, program management, and construction management services for industrial, commercial, institutional, and government clients, including the transportation, facilities, environmental, energy, and water markets.

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Institutional Ownership by Quarter for Aecom (NYSE:ACM)

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