New Jersey Better Educational Savings Trust increased its position in shares of AECOM (NYSE:ACM) by 6.3% during the second quarter, Holdings Channel reports. The firm owned 17,000 shares of the construction company’s stock after buying an additional 1,000 shares during the period. New Jersey Better Educational Savings Trust’s holdings in AECOM were worth $550,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC raised its position in shares of AECOM by 1.4% in the first quarter. FMR LLC now owns 23,297,186 shares of the construction company’s stock worth $829,147,000 after buying an additional 332,588 shares during the period. Vanguard Group Inc. raised its position in shares of AECOM by 12.4% in the first quarter. Vanguard Group Inc. now owns 13,266,548 shares of the construction company’s stock worth $472,156,000 after buying an additional 1,466,683 shares during the period. BlackRock Inc. raised its position in shares of AECOM by 15,313.2% in the first quarter. BlackRock Inc. now owns 12,670,699 shares of the construction company’s stock worth $450,949,000 after buying an additional 12,588,492 shares during the period. Primecap Management Co. CA raised its position in shares of AECOM by 16.3% in the first quarter. Primecap Management Co. CA now owns 8,636,075 shares of the construction company’s stock worth $307,358,000 after buying an additional 1,212,050 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of AECOM by 10.4% in the first quarter. Dimensional Fund Advisors LP now owns 4,570,122 shares of the construction company’s stock worth $162,648,000 after buying an additional 430,748 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Shares of AECOM (NYSE:ACM) opened at 33.01 on Thursday. The company has a market cap of $5.14 billion, a P/E ratio of 20.21 and a beta of 1.75. The stock’s 50 day moving average is $32.24 and its 200-day moving average is $34.19. AECOM has a one year low of $26.46 and a one year high of $40.72.

AECOM (NYSE:ACM) last announced its earnings results on Tuesday, August 8th. The construction company reported $0.78 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.78. AECOM had a net margin of 1.46% and a return on equity of 12.44%. The business had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same period in the previous year, the business posted $0.81 earnings per share. AECOM’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities research analysts forecast that AECOM will post $2.92 earnings per share for the current year.

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A number of research analysts recently commented on ACM shares. Credit Suisse Group lowered shares of AECOM from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $44.00 to $37.00 in a research note on Monday, July 24th. Argus decreased 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. UBS AG set a $38.00 price target on shares of AECOM and gave the company a “buy” rating in a research note on Monday, June 26th. Zacks Investment Research lowered shares of AECOM from a “hold” rating to a “sell” rating in a research note on Friday, July 21st. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $40.00 price target (down previously from $45.00) on shares of AECOM in a research note on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. AECOM 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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