Tyers Asset Management LLC grew its holdings in Aecom (NYSE:ACM) by 8.9% during the 2nd quarter, Holdings Channel reports. The firm owned 14,672 shares of the construction company’s stock after purchasing an additional 1,200 shares during the period. Tyers Asset Management LLC’s holdings in Aecom were worth $555,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of ACM. Renaissance Technologies LLC boosted its position in Aecom by 140.0% during the second quarter. Renaissance Technologies LLC now owns 980,177 shares of the construction company’s stock worth $37,100,000 after purchasing an additional 571,777 shares during the period. BlackRock Inc. lifted its holdings in shares of Aecom by 1.9% in the 1st quarter. BlackRock Inc. now owns 13,593,426 shares of the construction company’s stock worth $403,316,000 after purchasing an additional 254,349 shares in the last quarter. Primecap Management Co. CA raised its position in Aecom by 0.8% in the 1st quarter. Primecap Management Co. CA now owns 21,695,534 shares of the construction company’s stock valued at $643,706,000 after buying an additional 182,800 shares during the last quarter. JPMorgan Chase & Co. raised its position in Aecom by 37.1% in the 1st quarter. JPMorgan Chase & Co. now owns 665,261 shares of the construction company’s stock valued at $19,737,000 after buying an additional 180,061 shares during the last quarter. Finally, Twin Capital Management Inc. purchased a new stake in shares of Aecom during the 2nd quarter valued at $4,432,000. 87.35% of the stock is currently owned by institutional investors.

Shares of Aecom stock traded down $0.12 during trading hours on Friday, reaching $37.91. 40,463 shares of the company’s stock were exchanged, compared to its average volume of 909,292. The firm has a market capitalization of $6.01 billion, a price-to-earnings ratio of 14.14, a price-to-earnings-growth ratio of 1.47 and a beta of 1.74. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.81. The company has a fifty day moving average of $34.94 and a 200-day moving average of $33.57. Aecom has a 52-week low of $24.83 and a 52-week high of $38.75.

Aecom (NYSE:ACM) last issued its quarterly earnings results on Tuesday, August 6th. The construction company reported $0.72 EPS for the quarter, missing the 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 company had revenue of $4.98 billion for the quarter, compared to the consensus estimate of $5.25 billion. During the same period in the previous year, the business posted $0.62 EPS. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. On average, equities research analysts anticipate that Aecom will post 2.77 earnings per share for the current fiscal year.

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

Aecom Company 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.

Further Reading: What does an equal weight rating mean?

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Institutional Ownership by Quarter for Aecom (NYSE:ACM)

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