Rhumbline Advisers Sells 7,521 Shares of AECOM (NYSE:ACM)

Rhumbline Advisers lessened its holdings in shares of AECOM (NYSE:ACM) by 1.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 381,872 shares of the construction company’s stock after selling 7,521 shares during the period. Rhumbline Advisers owned about 0.28% of AECOM worth $33,658,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. EntryPoint Capital LLC bought a new position in AECOM in the first quarter worth about $25,000. Ables Iannone Moore & Associates Inc. bought a new position in AECOM in the 4th quarter worth about $28,000. Creekmur Asset Management LLC bought a new stake in AECOM during the 4th quarter valued at about $28,000. Rise Advisors LLC bought a new stake in AECOM during the 1st quarter valued at about $31,000. Finally, Family Firm Inc. bought a new position in shares of AECOM in the second quarter worth approximately $31,000. Institutional investors own 85.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on ACM shares. Truist Financial reiterated a “buy” rating and set a $108.00 target price (up from $107.00) on shares of AECOM in a research note on Wednesday, August 7th. Royal Bank of Canada lifted their price objective on AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. KeyCorp boosted their target price on AECOM from $94.00 to $99.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Barclays raised their price target on shares of AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Finally, Robert W. Baird boosted their price objective on shares of AECOM from $96.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $105.00.

AECOM Trading Down 1.6 %

AECOM stock opened at $94.05 on Friday. The business has a 50-day simple moving average of $92.03 and a two-hundred day simple moving average of $91.64. AECOM has a 52-week low of $74.40 and a 52-week high of $102.26. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.98. The company has a market cap of $12.80 billion, a P/E ratio of -1,045.00, a P/E/G ratio of 1.67 and a beta of 1.17.

AECOM (NYSE:ACM) last announced its earnings results on Monday, August 5th. The construction company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.04. AECOM had a net margin of 1.61% and a return on equity of 24.14%. The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the prior year, the company earned $0.94 earnings per share. The firm’s revenue was up 13.3% on a year-over-year basis. Analysts predict that AECOM will post 4.46 EPS for the current year.

About AECOM

AECOM, together with its subsidiaries, provides professional infrastructure consulting services worldwide. It operates in 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 public and private clients.