Retirement Systems of Alabama Buys 5,982 Shares of AECOM (ACM)
Retirement Systems of Alabama increased its stake in shares of AECOM (NYSE:ACM) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 319,509 shares of the construction company’s stock after buying an additional 5,982 shares during the period. Retirement Systems of Alabama’s holdings in AECOM were worth $10,330,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. 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 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 period. Financial Architects Inc raised its position in 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 period. Raymond James Financial Services Advisors Inc. bought a new position in AECOM during the first quarter valued at $203,000. Finally, First United Bank Trust raised 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 valued at $219,000 after buying an additional 50 shares during the period. Institutional investors own 82.80% of the company’s stock.
AECOM (ACM) opened at 32.26 on Friday. The stock has a 50 day moving average price of $32.24 and a 200-day moving average price of $34.15. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of 19.76 and a beta of 1.75. AECOM has a 1-year low of $26.46 and a 1-year high of $40.72.
AECOM (NYSE:ACM) last issued its earnings results on Tuesday, August 8th. The construction company reported $0.78 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.78. The company had revenue of $4.56 billion for the quarter, compared to analysts’ expectations of $4.54 billion. AECOM had a net margin of 1.46% and a return on equity of 12.19%. AECOM’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.81 EPS. Equities analysts predict that AECOM will post $2.92 earnings per share for the current year.
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ACM has been the topic of several recent research reports. Zacks Investment Research upgraded AECOM from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Tuesday, April 18th. Citigroup Inc. restated a “buy” rating and set a $40.00 target price (down from $45.00) on shares of AECOM in a report on Tuesday, July 18th. Credit Suisse Group restated a “buy” rating and set a $44.00 target price on shares of AECOM in a report on Thursday, June 29th. UBS AG set a $38.00 target price on AECOM and gave the company a “buy” rating in a report on Monday, June 26th. Finally, Argus cut their target price on AECOM from $43.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, June 2nd. Two equities research 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 company currently has an average rating of “Hold” and an average price target of $35.10.
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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