Electron Capital Partners LLC Increases Stock Position in AECOM (NYSE:ACM)

Electron Capital Partners LLC increased its position in AECOM (NYSE:ACMGet Rating) by 2.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 382,037 shares of the construction company’s stock after purchasing an additional 8,536 shares during the quarter. AECOM accounts for 1.2% of Electron Capital Partners LLC’s portfolio, making the stock its 24th largest position. Electron Capital Partners LLC owned 0.27% of AECOM worth $29,344,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Signaturefd LLC boosted its stake in AECOM by 107.6% during the 1st quarter. Signaturefd LLC now owns 355 shares of the construction company’s stock valued at $27,000 after acquiring an additional 184 shares during the last quarter. Transcend Capital Advisors LLC boosted its stake in AECOM by 2.8% during the 1st quarter. Transcend Capital Advisors LLC now owns 7,230 shares of the construction company’s stock valued at $555,000 after acquiring an additional 195 shares during the last quarter. KBC Group NV boosted its stake in AECOM by 16.6% during the 1st quarter. KBC Group NV now owns 1,706 shares of the construction company’s stock valued at $131,000 after acquiring an additional 243 shares during the last quarter. Cetera Investment Advisers boosted its stake in AECOM by 3.0% during the 1st quarter. Cetera Investment Advisers now owns 9,119 shares of the construction company’s stock valued at $700,000 after acquiring an additional 264 shares during the last quarter. Finally, CWM LLC boosted its stake in AECOM by 60.7% during the 1st quarter. CWM LLC now owns 776 shares of the construction company’s stock valued at $60,000 after acquiring an additional 293 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

AECOM Price Performance

Shares of NYSE:ACM opened at $75.13 on Tuesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.06 and a current ratio of 1.06. AECOM has a 1-year low of $60.74 and a 1-year high of $79.97. The company’s fifty day moving average is $71.23 and its two-hundred day moving average is $71.32. The stock has a market capitalization of $10.49 billion, a price-to-earnings ratio of 35.78, a price-to-earnings-growth ratio of 1.48 and a beta of 1.38.

AECOM (NYSE:ACMGet Rating) last released its quarterly earnings data on Monday, August 8th. The construction company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. AECOM had a net margin of 2.30% and a return on equity of 18.25%. The business had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.49 billion. During the same quarter last year, the company earned $0.73 EPS. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. Equities analysts anticipate that AECOM will post 3.46 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on ACM shares. Robert W. Baird increased their price objective on shares of AECOM from $82.00 to $89.00 and gave the company an “outperform” rating in a research note on Friday, August 26th. Credit Suisse Group increased their price objective on shares of AECOM to $81.00 in a research note on Monday, August 15th. StockNews.com raised shares of AECOM from a “hold” rating to a “buy” rating in a report on Thursday, July 28th. Finally, Citigroup dropped their target price on shares of AECOM from $92.00 to $85.00 in a report on Friday, July 22nd. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $88.38.

AECOM Company Profile

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AECOM, together with its subsidiaries, provides professional infrastructure consulting services for governments, businesses, and organizations in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to commercial and government clients.

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Institutional Ownership by Quarter for AECOM (NYSE:ACM)

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