Pzena Investment Management LLC Buys 74,617 Shares of Aecom (NYSE:ACM)

Pzena Investment Management LLC grew its stake in shares of Aecom (NYSE:ACM) by 2.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,752,783 shares of the construction company’s stock after acquiring an additional 74,617 shares during the period. Pzena Investment Management LLC’s holdings in Aecom were worth $104,193,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Primecap Management Co. CA increased its position in shares of Aecom by 0.8% during the first quarter. Primecap Management Co. CA now owns 21,695,534 shares of the construction company’s stock valued at $643,706,000 after buying an additional 182,800 shares during the period. BlackRock Inc. increased its position in shares of Aecom by 1.9% during the first quarter. BlackRock Inc. now owns 13,593,426 shares of the construction company’s stock valued at $403,316,000 after buying an additional 254,349 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Aecom by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,798,549 shares of the construction company’s stock worth $127,160,000 after purchasing an additional 60,019 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Aecom by 4.0% in the fourth quarter. Geode Capital Management LLC now owns 1,631,090 shares of the construction company’s stock worth $43,223,000 after purchasing an additional 63,085 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Aecom by 37.1% in the first quarter. JPMorgan Chase & Co. now owns 665,261 shares of the construction company’s stock worth $19,737,000 after purchasing an additional 180,061 shares during the last quarter. Hedge funds and other institutional investors own 86.47% of the company’s stock.

ACM has been the topic of several research analyst reports. ValuEngine cut shares of Aecom from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Credit Suisse Group upped their price objective on shares of Aecom from $32.00 to $39.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 18th. Deutsche Bank upped their price objective on shares of Aecom from $34.00 to $38.00 and gave the stock a “hold” rating in a research report on Tuesday, June 18th. Finally, TheStreet upgraded shares of Aecom from a “c+” rating to a “b-” rating in a research report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. Aecom currently has an average rating of “Hold” and a consensus price target of $36.75.



Shares of ACM stock traded up $0.42 during trading on Friday, hitting $32.86. The company had a trading volume of 39,733 shares, compared to its average volume of 874,680. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.81. The stock’s 50-day moving average is $36.06 and its two-hundred day moving average is $32.96. The stock has a market capitalization of $5.30 billion, a price-to-earnings ratio of 12.29 and a beta of 1.78. Aecom has a 52 week low of $24.83 and a 52 week high of $38.20.

Aecom (NYSE:ACM) last posted its quarterly earnings data on Tuesday, August 6th. The construction company reported $0.72 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.02). The company had revenue of $4.98 billion during the quarter, compared to the consensus estimate of $5.25 billion. Aecom had a return on equity of 10.27% and a net margin of 1.46%. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the company posted $0.62 earnings per share. On average, research analysts predict that Aecom will post 2.76 EPS for the current fiscal year.

Aecom Company Profile

AECOM, together with its subsidiaries, engages in designing, building, financing, and operating infrastructure assets worldwide. It operates through four segments: Design and Consulting Services (DCS), Construction Services (CS), Management Services (MS), and AECOM Capital (ACAP). The DCS segment offers planning, consulting, architectural and engineering design, program management, and construction management services for industrial, commercial, institutional, and government clients, including the transportation, facilities, environmental, energy, and water markets.

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Institutional Ownership by Quarter for Aecom (NYSE:ACM)

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