NJ State Employees Deferred Compensation Plan Has $610,000 Stake in AECOM (NYSE:ACM)
NJ State Employees Deferred Compensation Plan maintained its position in AECOM (NYSE:ACM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,879 shares of the construction company’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in AECOM were worth $610,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of ACM. Nomura Asset Management Co. Ltd. raised 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 valued at $122,000 after buying an additional 160 shares during the period. Webster Bank N. A. raised its position in shares of AECOM by 39.8% in the first quarter. Webster Bank N. A. now owns 4,110 shares of the construction company’s stock valued at $146,000 after buying an additional 1,170 shares during the last quarter. Financial Architects Inc raised its position in shares of AECOM by 1.0% in the second quarter. Financial Architects Inc now owns 4,632 shares of the construction company’s stock valued at $150,000 after buying an additional 48 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in shares of AECOM during the first quarter valued at about $203,000. Finally, First United Bank Trust raised its position in shares of AECOM by 0.7% in the second quarter. First United Bank Trust now owns 6,770 shares of the construction company’s stock valued at $219,000 after buying an additional 50 shares during the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.
AECOM (NYSE:ACM) last released its quarterly earnings data on Tuesday, May 9th. The construction company reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.34. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.47 billion. AECOM had a net margin of 1.28% and a return on equity of 12.40%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.87 EPS.
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Several equities analysts have issued reports on ACM shares. Credit Suisse Group reaffirmed a “buy” rating and set a $44.00 price objective on shares of AECOM in a report on Thursday, June 29th. Robert W. Baird lowered AECOM from an “outperform” rating to a “neutral” rating and set a $4.00 price objective on the stock. in a report on Tuesday, July 4th. Argus dropped their price objective on AECOM from $43.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, June 2nd. Deutsche Bank AG reaffirmed a “hold” rating and set a $38.00 price objective (down previously from $41.00) on shares of AECOM in a report on Saturday, April 22nd. Finally, Zacks Investment Research lowered AECOM from a “hold” rating to a “sell” rating in a report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. AECOM currently has an average rating of “Hold” and an average price target of $35.30.
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.
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