Russell Investments Group Ltd. grew its stake in Aecom (NYSE:ACM) by 24.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 218,395 shares of the construction company’s stock after purchasing an additional 43,339 shares during the quarter. Russell Investments Group Ltd. owned about 0.14% of Aecom worth $8,265,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Advisory Services Network LLC lifted its position in Aecom by 310.2% in the 2nd quarter. Advisory Services Network LLC now owns 1,005 shares of the construction company’s stock valued at $38,000 after acquiring an additional 760 shares in the last quarter. Sterling Investment Advisors Ltd. bought a new stake in shares of Aecom in the second quarter valued at about $76,000. BNP Paribas Arbitrage SA boosted its position in shares of Aecom by 68.3% during the first quarter. BNP Paribas Arbitrage SA now owns 4,245 shares of the construction company’s stock worth $126,000 after buying an additional 1,723 shares during the period. Sound Income Strategies LLC acquired a new position in shares of Aecom during the second quarter worth about $155,000. Finally, CIBC Asset Management Inc bought a new position in shares of Aecom during the second quarter worth about $224,000. Hedge funds and other institutional investors own 87.35% of the company’s stock.

A number of brokerages have recently commented on ACM. Bank of America initiated coverage on Aecom in a research report on Thursday, August 22nd. They issued a “neutral” rating on the stock. Barclays upgraded Aecom from an “underweight” rating to an “overweight” rating and raised their price target for the company from $30.00 to $38.00 in a research note on Monday, August 19th. ValuEngine lowered Aecom from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Credit Suisse Group upped their price objective on Aecom from $32.00 to $39.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 18th. Finally, Deutsche Bank increased their price objective on Aecom from $34.00 to $38.00 and gave the company a “hold” rating in a report on Tuesday, June 18th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Aecom presently has an average rating of “Buy” and an average price target of $37.75.

ACM stock traded up $0.19 during mid-day trading on Wednesday, hitting $38.19. 13,291 shares of the company were exchanged, compared to its average volume of 888,919. Aecom has a 1-year low of $24.83 and a 1-year high of $38.41. The stock has a market capitalization of $6.02 billion, a PE ratio of 14.25, a price-to-earnings-growth ratio of 1.48 and a beta of 1.74. The business has a 50 day simple moving average of $34.90 and a 200-day simple moving average of $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 for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.02). Aecom had a return on equity of 10.27% and a net margin of 1.46%. The firm had revenue of $4.98 billion for the quarter, compared to the consensus estimate of $5.25 billion. During the same quarter last year, the business posted $0.62 EPS. Aecom’s revenue for the quarter was down 3.3% on a year-over-year basis. Equities research analysts expect that Aecom will post 2.77 earnings per share for the current year.

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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