Commonwealth Equity Services LLC Purchases 833 Shares of AECOM (NYSE:ACM)

Commonwealth Equity Services LLC lifted its position in AECOM (NYSE:ACM) by 2.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,538 shares of the construction company’s stock after acquiring an additional 833 shares during the quarter. Commonwealth Equity Services LLC’s holdings in AECOM were worth $3,661,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Findlay Park Partners LLP lifted its stake in AECOM by 22.6% in the first quarter. Findlay Park Partners LLP now owns 2,561,327 shares of the construction company’s stock worth $251,215,000 after purchasing an additional 472,944 shares during the last quarter. Norges Bank bought a new stake in shares of AECOM during the 4th quarter worth approximately $159,060,000. Bank of New York Mellon Corp boosted its holdings in AECOM by 18.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,628,924 shares of the construction company’s stock valued at $143,573,000 after acquiring an additional 258,250 shares during the period. Jacobs Levy Equity Management Inc. grew its position in AECOM by 2.7% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 980,228 shares of the construction company’s stock valued at $96,141,000 after acquiring an additional 26,079 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in AECOM by 9.9% in the fourth quarter. First Trust Advisors LP now owns 886,451 shares of the construction company’s stock worth $81,935,000 after purchasing an additional 79,760 shares during the period. 85.41% of the stock is owned by hedge funds and other institutional investors.

AECOM Stock Up 0.4 %

Shares of NYSE ACM opened at $94.44 on Tuesday. AECOM has a 12-month low of $74.40 and a 12-month high of $102.26. The stock’s fifty day simple moving average is $92.15 and its two-hundred day simple moving average is $91.73. The stock has a market capitalization of $12.66 billion, a PE ratio of -1,049.22, a price-to-earnings-growth ratio of 1.57 and a beta of 1.17. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Monday, August 5th. The construction company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.04. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $1.85 billion. AECOM had a return on equity of 24.14% and a net margin of 1.61%. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.94 earnings per share. As a group, analysts expect that AECOM will post 4.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ACM shares. Robert W. Baird upped their price target on shares of AECOM from $96.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Citigroup dropped their target price on shares of AECOM from $116.00 to $104.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Barclays lifted their price target on shares of AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Royal Bank of Canada increased their price objective on AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Finally, KeyCorp lifted their target price on AECOM from $94.00 to $99.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $105.00.

AECOM Profile

AECOM, together with its subsidiaries, provides professional infrastructure consulting services worldwide. It operates in three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to public and private clients.