CrestPoint Capital Management LLC decreased its position in AECOM (NYSE:ACM) by 44.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 12,700 shares of the construction company’s stock after selling 10,000 shares during the period. CrestPoint Capital Management LLC’s holdings in AECOM were worth $411,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of ACM. Nomura Asset Management Co. Ltd. boosted its position in AECOM by 4.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 3,410 shares of the construction company’s stock worth $122,000 after buying an additional 160 shares during the period. Webster Bank N. A. boosted its position in AECOM by 39.8% in the first quarter. Webster Bank N. A. now owns 4,110 shares of the construction company’s stock worth $146,000 after buying an additional 1,170 shares during the period. Financial Architects Inc boosted its position in AECOM by 30.8% in the first quarter. Financial Architects Inc now owns 4,584 shares of the construction company’s stock worth $163,000 after buying an additional 1,079 shares during the period. Raymond James Financial Services Advisors Inc. bought a new position in AECOM during the first quarter worth $203,000. Finally, First United Bank Trust boosted its position in AECOM by 0.7% in the second quarter. First United Bank Trust now owns 6,770 shares of the construction company’s stock worth $219,000 after buying an additional 50 shares during the period. 82.48% of the stock is currently owned by institutional investors and hedge funds.
AECOM (NYSE ACM) opened at 32.67 on Thursday. The firm has a 50-day moving average of $32.61 and a 200-day moving average of $34.65. AECOM has a 12-month low of $26.46 and a 12-month high of $40.72. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of 23.01 and a beta of 1.75.
AECOM (NYSE:ACM) last announced its quarterly earnings data on Tuesday, May 9th. The construction company reported $0.89 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.34. AECOM had a return on equity of 12.40% and a net margin of 1.28%. The firm had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.47 billion. During the same period last year, the company posted $0.87 EPS. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. Equities research analysts forecast that AECOM will post $2.95 earnings per share for the current fiscal year.
A number of equities analysts have recently weighed in on the stock. Robert W. Baird cut shares of AECOM from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $45.00 to $40.00 in a research note on Friday, April 7th. Zacks Investment Research lowered shares of AECOM from a “buy” rating to a “hold” rating in a research report on Friday, April 21st. BidaskClub lowered shares of AECOM from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 20th. Deutsche Bank AG reiterated a “hold” rating and issued a $38.00 price objective (down from $41.00) on shares of AECOM in a research report on Saturday, April 22nd. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $40.00 price objective (down from $45.00) on shares of AECOM in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. AECOM currently has a consensus rating of “Hold” and a consensus target price of $36.00.
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.
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