Reilly Financial Advisors LLC lessened its stake in Aecom (NYSE:ACM) by 10.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 4,684 shares of the construction company’s stock after selling 530 shares during the period. Reilly Financial Advisors LLC’s holdings in Aecom were worth $177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Somerset Trust Co boosted its stake in Aecom by 163.1% in the first quarter. Somerset Trust Co now owns 834 shares of the construction company’s stock valued at $25,000 after acquiring an additional 517 shares in the last quarter. Sound Income Strategies LLC acquired a new position in Aecom in the second quarter valued at $155,000. BNP Paribas Arbitrage SA boosted its stake in Aecom by 68.3% in the first quarter. BNP Paribas Arbitrage SA now owns 4,245 shares of the construction company’s stock valued at $126,000 after acquiring an additional 1,723 shares in the last quarter. Jane Street Group LLC acquired a new position in Aecom in the fourth quarter valued at $203,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Aecom in the first quarter valued at $273,000. Institutional investors own 86.60% of the company’s stock.
Shares of ACM traded down $0.74 during mid-day trading on Friday, hitting $34.18. 33,036 shares of the company’s stock were exchanged, compared to its average volume of 624,853. Aecom has a fifty-two week low of $24.83 and a fifty-two week high of $38.20. The stock has a market cap of $5.42 billion, a price-to-earnings ratio of 12.76 and a beta of 1.75. The company has a 50 day simple moving average of $36.61. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.23 and a quick ratio of 1.23.
Several research firms have issued reports on ACM. Deutsche Bank upped their price objective on shares of Aecom from $34.00 to $38.00 and gave the company a “hold” rating in a research note on Tuesday, June 18th. Zacks Investment Research upgraded shares of Aecom from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research note on Wednesday, April 10th. Credit Suisse Group increased their target price on shares of Aecom from $32.00 to $39.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 18th. ValuEngine downgraded shares of Aecom from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, TheStreet upgraded shares of Aecom from a “c+” rating to a “b-” rating in a research note on Monday, April 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. Aecom has a consensus rating of “Hold” and a consensus price target of $36.75.
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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