Primecap Management Co/ca/ Significantly Raises Its Investment in AECOM (ACM) Last Quarter

Paterniano Del Favero
Agosto 13, 2017

Tudor Investment Corp ET AL purchased a new position in AECOM (NYSE:ACM) during the first quarter, according to its most recent filing with the SEC. Its investment was worth $431,750,000 an increase of $124,392,000 as of quarter end.

Other firms have also shifted positions in (ACM). Menora Mivtachim Holdings LTD. boosted its position in AECOM by 56.5% in the first quarter. BlackRock Inc. now owns 12,670,699 shares of the construction company's stock valued at $450,949,000 after buying an additional 12,588,492 shares during the last quarter. Financial Architects Inc raised its stake in shares of AECOM by 1.0% in the second quarter. Financial Architects Inc now owns 4,584 shares of the construction company's stock valued at $163,000 after buying an additional 1,079 shares during the last quarter. The institutional investor owned 31,093 shares of the construction company's stock after selling 3,470 shares during the period. Bank of Montreal Can boosted its position in AECOM by 12.2% in the first quarter. Prudential Financial Inc. now owns 974,764 shares of the construction company's stock worth $34,692,000 after buying an additional 505,728 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp boosted its position in AECOM by 78.0% in the first quarter. Institutional investors own 82.80% of the company's stock. Alliancebernstein LP owns 0.08% invested in Aecom (NYSE:ACM) for 2.73M shares. The stock has a 50-day moving average of $32.24 and a 200 day moving average of $34.18. AECOM has a 1-year low of $26.46 and a 1-year high of $40.72. The stock has a market capitalization of $5.02 billion, a PE ratio of 19.76 and a beta of 1.75.

AECOM (NYSE:ACM) last posted its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.78 earnings per share for the quarter, hitting the consensus estimate of $0.78. Return on Equity (ROE) stands at 6.5% and Return on Investment (ROI) of 5.6 percent. During the same quarter in the previous year, the firm earned $0.81 EPS. The company's revenue was up 3.5% compared to the same quarter past year. On average, analysts predict that AECOM will post $2.92 EPS for the current fiscal year.

WARNING: This article was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this story on another website, it was stolen and reposted in violation of United States & global copyright & trademark legislation. Analysts have placed a $39.33 price target on AECOM, suggesting a 23.06% gain from recent close. The company beat the analyst EPS Estimate with the difference of $-0.06. Robert W. Baird lowered AECOM from an "outperform" rating to a "neutral" rating and set a $4.00 target price on the a research report on Tuesday, July 4th. The value of the investment in AECOM decreased from $162,648,000 to $152,542,000 a change of 6.2% for the reporting period. BidaskClub downgraded shares of AECOM from a "sell" rating to a "strong sell" rating in a research note on Tuesday, June 20th. UBS AG set a $38.00 target price on shares of AECOM and gave the stock a buy rating in a research report on Monday, June 26th. Argus decreased their price target on AECOM from $43.00 to $33.00 and set a "buy" rating for the company in a research note 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. Canaccord Genuity now has a $36.00 price target on the construction company's stock.

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.

Want to see what other hedge funds are holding ACM?

Altre relazioni OverNewsmagazine

Discuti questo articolo