Wedge Capital Management L L P NC cut its stake in shares of AECOM (NYSE:ACM) by 0.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,492,444 shares of the construction company’s stock after selling 9,404 shares during the period. Wedge Capital Management L L P NC’s holdings in AECOM were worth $48,251,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. FMR LLC raised its stake in AECOM by 1.4% in the first quarter. FMR LLC now owns 23,297,186 shares of the construction company’s stock valued at $829,147,000 after buying an additional 332,588 shares during the period. Vanguard Group Inc. raised its stake in AECOM by 12.4% in the first quarter. Vanguard Group Inc. now owns 13,266,548 shares of the construction company’s stock valued at $472,156,000 after buying an additional 1,466,683 shares during the period. BlackRock Inc. raised its stake in AECOM by 15,313.2% 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 period. Primecap Management Co. CA raised its stake in AECOM by 16.3% in the first quarter. Primecap Management Co. CA now owns 8,636,075 shares of the construction company’s stock valued at $307,358,000 after buying an additional 1,212,050 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in AECOM by 10.4% in the first quarter. Dimensional Fund Advisors LP now owns 4,570,122 shares of the construction company’s stock valued at $162,648,000 after buying an additional 430,748 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Shares of 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 stock 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 52-week low of $26.46 and a 52-week high of $40.72.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.78 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.78. AECOM had a net margin of 1.46% and a return on equity of 12.19%. The business had revenue of $4.56 billion during the quarter, compared to analysts’ expectations of $4.54 billion. During the same period last year, the company posted $0.81 EPS. The company’s revenue was up 3.5% on a year-over-year basis. On average, equities research analysts predict that AECOM will post $2.92 EPS for the current fiscal year.

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Several research firms have commented on ACM. Zacks Investment Research lowered AECOM from a “hold” rating to a “strong sell” rating in a research note on Friday. Credit Suisse Group reiterated a “hold” rating and set a $37.00 price objective on shares of AECOM in a research note on Thursday. Canaccord Genuity reiterated a “hold” rating and set a $36.00 price objective on shares of AECOM in a research note on Tuesday. Citigroup Inc. reiterated a “buy” rating and set a $40.00 price objective (down from $45.00) on shares of AECOM in a research note on Tuesday, July 18th. Finally, Robert W. Baird lowered AECOM from an “outperform” rating to a “neutral” rating and set a $4.00 price objective for the company. in a research note on Tuesday, July 4th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus 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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Institutional Ownership by Quarter for AECOM (NYSE:ACM)

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