Great West Life Assurance Co. Can raised its stake in AECOM (NYSE:ACM) by 2.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 258,266 shares of the construction company’s stock after buying an additional 6,596 shares during the period. Great West Life Assurance Co. Can’s holdings in AECOM were worth $8,343,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ACM. Menora Mivtachim Holdings LTD. raised its stake in AECOM by 56.5% in the first quarter. Menora Mivtachim Holdings LTD. now owns 466,500 shares of the construction company’s stock valued at $16,603,000 after buying an additional 168,500 shares during the period. Bronfman E.L. Rothschild L.P. raised its stake in AECOM by 1.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 7,239 shares of the construction company’s stock valued at $258,000 after buying an additional 133 shares during the period. DUPONT CAPITAL MANAGEMENT Corp raised its stake in AECOM by 78.0% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 88,900 shares of the construction company’s stock valued at $3,164,000 after buying an additional 38,970 shares during the period. Bank of Montreal Can raised its stake in AECOM by 12.2% in the first quarter. Bank of Montreal Can now owns 30,036 shares of the construction company’s stock valued at $1,069,000 after buying an additional 3,255 shares during the period. Finally, Prudential Financial Inc. raised its stake in AECOM by 107.8% in the first quarter. Prudential Financial Inc. now owns 974,764 shares of the construction company’s stock valued at $34,692,000 after buying an additional 505,728 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Shares of AECOM (NYSE ACM) opened at 32.26 on Friday. The firm has a 50 day moving average of $32.24 and a 200 day moving average of $34.15. AECOM has a 52 week low of $26.46 and a 52 week high of $40.72. The firm has a market cap of $5.02 billion, a price-to-earnings ratio of 19.76 and a beta of 1.75.

AECOM (NYSE:ACM) last announced its earnings results 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 company had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same period in the previous year, the firm posted $0.81 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. Equities analysts predict that AECOM will post $2.92 earnings per share for the current fiscal year.

WARNING: This news story was published by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another site, it was stolen and republished in violation of US and international trademark and copyright law. The legal version of this news story can be viewed at https://www.watchlistnews.com/great-west-life-assurance-co-can-increases-stake-in-aecom-acm/1476694.html.

ACM has been the topic of several research reports. Credit Suisse Group reiterated a “buy” rating and set a $44.00 price objective on shares of AECOM in a research note on Thursday, June 29th. Robert W. Baird lowered shares of AECOM from an “outperform” rating to a “neutral” rating and set a $4.00 price target on the stock. in a research note on Tuesday, July 4th. Argus dropped their price target on shares of AECOM from $43.00 to $33.00 and set a “buy” rating on the stock in a research note on Friday, June 2nd. Deutsche Bank AG restated a “hold” rating and issued a $38.00 price target (down previously from $41.00) on shares of AECOM in a research note on Saturday, April 22nd. Finally, Zacks Investment Research lowered shares of AECOM from a “hold” rating to a “sell” rating in a research note on Friday, July 21st. Two investment 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. The stock currently has a consensus rating of “Hold” and a consensus price target of $35.10.

About AECOM

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? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AECOM (NYSE:ACM).

Institutional Ownership by Quarter for AECOM (NYSE:ACM)

Receive News & Ratings for AECOM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AECOM and related companies with Analyst Ratings Network's FREE daily email newsletter.