Aecom (ACM) Shares Bought by OppenheimerFunds Inc.

OppenheimerFunds Inc. raised its stake in shares of Aecom (NYSE:ACM) by 3.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 773,110 shares of the construction company’s stock after buying an additional 25,229 shares during the period. OppenheimerFunds Inc.’s holdings in Aecom were worth $27,515,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Webster Bank N. A. increased its stake 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 last quarter. Financial Architects Inc increased its stake 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 last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in Aecom during the first quarter worth about $203,000. A.R.T. Advisors LLC purchased a new stake in Aecom during the fourth quarter worth about $236,000. Finally, First United Bank Trust purchased a new stake in Aecom during the first quarter worth about $239,000. 84.21% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Aecom (NYSE:ACM)

Aecom (NYSE ACM) traded up 4.06% during trading on Friday, hitting $33.81. The stock had a trading volume of 361,211 shares. The company has a market cap of $5.27 billion, a PE ratio of 23.81 and a beta of 1.90. The company’s 50 day moving average is $33.11 and its 200-day moving average is $35.69. Aecom has a 12 month low of $26.46 and a 12 month high of $40.72.

Aecom (NYSE:ACM) last posted its earnings results on Tuesday, May 9th. The construction company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.34. Aecom had a return on equity of 11.87% and a net margin of 2.62%. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.47 billion. During the same quarter in the prior year, the company earned $0.87 EPS. Aecom’s revenue was up 1.0% on a year-over-year basis. On average, equities research analysts predict that Aecom will post $2.97 earnings per share for the current year.

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A number of analysts have issued reports on ACM shares. Zacks Investment Research raised Aecom from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Tuesday, April 18th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $38.00 price objective (down previously from $41.00) on shares of Aecom in a research note on Saturday, April 22nd. TheStreet raised Aecom from a “c+” rating to a “b” rating in a research note on Thursday, March 16th. Robert W. Baird downgraded Aecom from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $45.00 to $40.00 in a research note on Friday, April 7th. Finally, Argus reduced their price objective on Aecom from $43.00 to $33.00 and set a “buy” rating on the stock in a research note on Friday, June 2nd. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Aecom has an average rating of “Hold” and an average price target of $39.63.

In related news, EVP Carla J. Christofferson sold 9,599 shares of the company’s stock in a transaction that occurred on Friday, March 24th. The stock was sold at an average price of $34.60, for a total value of $332,125.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.14% of the stock is currently owned by corporate insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ACM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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