Public Employees Retirement System of Ohio Grows Stock Holdings in Aecom (NYSE:ACM)

Public Employees Retirement System of Ohio increased its stake in shares of Aecom (NYSE:ACM) by 5.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 78,761 shares of the construction company’s stock after purchasing an additional 3,962 shares during the period. Public Employees Retirement System of Ohio’s holdings in Aecom were worth $2,981,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in the business. Primecap Management Co. CA increased its holdings in 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 last quarter. BlackRock Inc. increased its holdings in 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 last quarter. Pzena Investment Management LLC increased its holdings in Aecom by 2.8% during the second quarter. Pzena Investment Management LLC now owns 2,752,783 shares of the construction company’s stock valued at $104,193,000 after buying an additional 74,617 shares during the last quarter. Geode Capital Management LLC increased its holdings in Aecom by 4.0% during the fourth quarter. Geode Capital Management LLC now owns 1,631,090 shares of the construction company’s stock valued at $43,223,000 after buying an additional 63,085 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Aecom by 3.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,105,358 shares of the construction company’s stock valued at $41,838,000 after buying an additional 34,789 shares during the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE ACM traded up $0.48 during midday trading on Monday, reaching $38.28. The stock had a trading volume of 340,217 shares, compared to its average volume of 917,907. The stock has a 50-day moving average of $34.96 and a 200-day moving average of $33.60. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 1.47 and a beta of 1.74. Aecom has a 12-month low of $24.83 and a 12-month high of $38.75.

Aecom (NYSE:ACM) last announced its quarterly earnings data on Tuesday, August 6th. The construction company reported $0.72 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.02). The firm had revenue of $4.98 billion during the quarter, compared to analysts’ expectations of $5.25 billion. Aecom had a return on equity of 10.27% and a net margin of 1.46%. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period last year, the company earned $0.62 earnings per share. As a group, analysts forecast that Aecom will post 2.77 EPS for the current fiscal year.

A number of brokerages have commented on ACM. Barclays raised shares of Aecom from an “underweight” rating to an “overweight” rating and upped their target price for the company from $30.00 to $38.00 in a report on Monday, August 19th. Credit Suisse Group upped their target price on shares of Aecom from $32.00 to $39.00 and gave the company a “neutral” rating in a report on Tuesday, June 18th. ValuEngine cut shares of Aecom from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Deutsche Bank upped their target price on shares of Aecom from $34.00 to $38.00 and gave the company a “hold” rating in a report on Tuesday, June 18th. Finally, Bank of America began coverage on shares of Aecom in a report on Thursday, August 22nd. They set a “neutral” rating for the company. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $37.75.

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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