Primecap Management Co/ca/ Increases Its Ownership in AECOM (ACM) Stock

Xavier Trudeau
Août 13, 2017

A number of research firms have weighed in on ACM. Webster Bank N.A. raised its position in AECOM by 39.8% in the first quarter. BlackRock Inc. now owns 12,670,699 shares of the construction company's stock worth $450,949,000 after buying an additional 12,588,492 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in AECOM by 1.9% 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. The John G Ullman & Associates Inc holds 16,400 shares with $596,000 value, down from 71,500 last quarter. Prudential Financial Inc. boosted its stake in shares of AECOM by 107.8% in the first quarter.

Several large investors have recently bought and sold shares of the company. Laurion Capital Management LP purchased a new position in AECOM during the first quarter worth about $221,000. Institutional investors own 82.80% of the company's stock.

Shares of AECOM (ACM) traded up 0.94% during midday trading on Friday, reaching $32.26. The company's 50 day moving average price is $32.24 and its 200 day moving average price is $34.15. AECOM has a one year low of $26.46 and a one year high of $40.72.

The P/E ratio is 19.76 and the market cap is 5.02B.

AECOM (NYSE:ACM) last released its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.78 earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of $0.78. AECOM had a return on equity of 12.44% and a net margin of 1.46%. During the same quarter in the previous year, the business earned $0.81 EPS. The company's revenue was up 3.5% on a year-over-year basis. Equities analysts expect that AECOM will post $2.92 earnings per share for the current year.

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John G Ullman & Associates Inc decreased Aecom Acm (ACM) stake by 77.06% reported in 2016Q4 SEC filing. Robert W. Baird downgraded AECOM from an "outperform" rating to a "neutral" rating and set a $4.00 price objective for the a research report on Tuesday, July 4th. The value of the investment in (ACM) went from $162,648,000 to $152,542,000 a change of $10,106,000 for the reporting period. BidaskClub lowered shares of AECOM from a "sell" rating to a "strong sell" rating in a research note on Tuesday, June 20th. Finally, UBS AG set a $38.00 price target on AECOM and gave the company a "buy" rating in a research report on Monday, June 26th. Finally, Argus dropped their target price on shares of AECOM from $43.00 to $33.00 and set a buy rating on the stock in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company's stock. The average 12-month price objective among brokerages that have covered the stock in the past year is $34.25.

AECOM is engaged in designing, building, financing and operating infrastructure assets for governments, businesses and organizations. The Company's HR solutions include services, such as multi-state payroll processing and tax administration, employee benefits programs, including health insurance and retirement plans, workers' compensation insurance and claims management, employment and benefit law compliance, and other services. 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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