Globeflex Capital L P Takes Position in AECOM (ACM)

Globeflex Capital L P acquired a new position in AECOM (NYSE:ACM) during the first quarter, according to its most recent filing with the SEC. The firm acquired 11,862 shares of the construction company’s stock, valued at approximately $422,000.

Several other hedge funds have also added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in AECOM by 0.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,792 shares of the construction company’s stock worth $829,000 after buying an additional 59 shares during the last quarter. Oxford Asset Management acquired a new stake in AECOM during the fourth quarter worth $709,000. Marshall Wace LLP acquired a new stake in AECOM during the fourth quarter worth $451,000. Elkfork Partners LLC acquired a new stake in AECOM during the fourth quarter worth $544,000. Finally, Brown Advisory Inc. acquired a new stake in AECOM during the fourth quarter worth $266,000. Hedge funds and other institutional investors own 82.53% of the company’s stock.

Institutional Ownership by Quarter for AECOM (NYSE:ACM)

AECOM (ACM) traded down 1.2286% during mid-day trading on Tuesday, reaching $32.3575. 409,359 shares of the company traded hands. The stock’s 50 day moving average price is $32.89 and its 200 day moving average price is $35.48. AECOM has a 52 week low of $26.46 and a 52 week high of $40.72. The firm has a market capitalization of $5.04 billion, a price-to-earnings ratio of 22.7870 and a beta of 1.72.

AECOM (NYSE:ACM) last posted its quarterly earnings results on Tuesday, May 9th. The construction company reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.34. AECOM had a net margin of 1.28% and a return on equity of 12.40%. The business had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.47 billion. During the same period in the prior year, the company posted $0.87 EPS. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. Equities analysts forecast that AECOM will post $2.96 EPS for the current year.

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ACM has been the topic of a number of research reports. TheStreet upgraded shares of AECOM from a “c+” rating to a “b” rating in a research note on Thursday, March 16th. Robert W. Baird lowered shares of AECOM from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $45.00 to $40.00 in a research note on Friday, April 7th. Zacks Investment Research upgraded shares of AECOM from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Tuesday, April 18th. Deutsche Bank AG reiterated a “hold” rating and issued a $38.00 price objective (down previously from $41.00) on shares of AECOM in a research note on Saturday, April 22nd. Finally, Argus cut their price objective on shares of AECOM from $43.00 to $33.00 and set a “buy” rating on the stock in a research note on Friday, June 2nd. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $39.63.

In related news, EVP Carla J. Christofferson sold 9,599 shares of the stock in a transaction dated Friday, March 24th. The shares were sold at an average price of $34.60, for a total value of $332,125.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.14% of the company’s stock.

AECOM Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ACM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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