Russell Investments Group Ltd. raised its stake in shares of AECOM (NYSE:ACM) by 2.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 110,137 shares of the construction company’s stock after purchasing an additional 3,032 shares during the quarter. Russell Investments Group Ltd. owned 0.07% of AECOM worth $7,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in the business. Maryland State Retirement & Pension System bought a new stake in AECOM during the first quarter valued at approximately $693,000. Principal Financial Group Inc. increased its stake in shares of AECOM by 13.6% in the first quarter. Principal Financial Group Inc. now owns 507,359 shares of the construction company’s stock worth $32,527,000 after buying an additional 60,751 shares during the period. Shell Asset Management Co. increased its stake in shares of AECOM by 90.3% in the first quarter. Shell Asset Management Co. now owns 34,483 shares of the construction company’s stock worth $2,211,000 after buying an additional 16,363 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of AECOM by 5.8% in the first quarter. Oppenheimer & Co. Inc. now owns 4,841 shares of the construction company’s stock worth $311,000 after buying an additional 265 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in shares of AECOM by 17.5% in the first quarter. Advisors Asset Management Inc. now owns 76,641 shares of the construction company’s stock worth $4,913,000 after buying an additional 11,404 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.
A number of analysts have recently weighed in on ACM shares. Credit Suisse Group upped their target price on shares of AECOM from $59.00 to $67.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 12th. Citigroup upped their target price on shares of AECOM from $69.00 to $80.00 in a research report on Wednesday, April 21st. Argus upped their target price on shares of AECOM from $60.00 to $76.00 in a research report on Wednesday, April 7th. KeyCorp upped their target price on shares of AECOM from $60.00 to $78.00 and gave the stock an “overweight” rating in a research report on Monday, April 19th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their price target on shares of AECOM from $69.00 to $80.00 in a research note on Wednesday, April 21st. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $71.71.
Shares of ACM opened at $63.44 on Wednesday. The company has a market capitalization of $9.29 billion, a P/E ratio of -137.91, a PEG ratio of 0.96 and a beta of 1.61. The stock has a fifty day moving average of $66.01. AECOM has a 52-week low of $34.71 and a 52-week high of $70.04. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.12 and a current ratio of 1.12.
AECOM (NYSE:ACM) last issued its quarterly earnings results on Sunday, May 9th. The construction company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.03. The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.21 billion. AECOM had a positive return on equity of 11.49% and a negative net margin of 0.57%. AECOM’s revenue was up .6% on a year-over-year basis. During the same period last year, the company earned $0.55 earnings per share. On average, sell-side analysts anticipate that AECOM will post 2.78 EPS for the current year.
About AECOM
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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