RBA Wealth Management LLC acquired a new position in AECOM (NYSE:ACM) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,949 shares of the construction company’s stock, valued at approximately $125,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Louisiana State Employees Retirement System increased its holdings in AECOM by 1.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 38,400 shares of the construction company’s stock worth $2,462,000 after acquiring an additional 700 shares during the last quarter. Norges Bank purchased a new stake in AECOM in the 4th quarter worth about $12,362,000. UBS Asset Management Americas Inc. grew its holdings in AECOM by 299.8% during the 4th quarter. UBS Asset Management Americas Inc. now owns 1,010,456 shares of the construction company’s stock valued at $50,300,000 after buying an additional 757,719 shares in the last quarter. Interval Partners LP grew its holdings in AECOM by 80.7% during the 4th quarter. Interval Partners LP now owns 638,702 shares of the construction company’s stock valued at $31,795,000 after buying an additional 285,221 shares in the last quarter. Finally, Truist Financial Corp purchased a new position in AECOM during the 4th quarter valued at about $997,000. 88.78% of the stock is owned by institutional investors.
A number of research firms have weighed in on ACM. Barclays lifted their target price on AECOM from $56.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, January 15th. TheStreet raised AECOM from a “c+” rating to a “b-” rating in a report on Tuesday, February 9th. Citigroup lifted their target price on AECOM from $61.00 to $69.00 in a report on Tuesday, January 19th. Finally, Argus lifted their target price on AECOM from $60.00 to $76.00 in a report on Wednesday, April 7th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. AECOM currently has an average rating of “Buy” and an average target price of $57.56.
AECOM (NYSE:ACM) last issued its quarterly earnings results on Sunday, February 7th. The construction company reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.05. The firm had revenue of $3.31 billion during the quarter, compared to the consensus estimate of $3.21 billion. AECOM had a positive return on equity of 9.37% and a negative net margin of 1.41%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the company posted $0.46 EPS. As a group, analysts expect that AECOM will post 2.62 earnings per share for the current fiscal year.
AECOM Company Profile
AECOM, together with its subsidiaries, delivers professional services to program and construction management in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through three segments: Americas, International, and AECOM Capital. The company engages in planning, consulting, architectural, engineering, and construction management services for commercials and governments clients.
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