State of Wisconsin Investment Board Boosts Stake in AECOM (NYSE:ACM)

State of Wisconsin Investment Board grew its holdings in AECOM (NYSE:ACM) by 79.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,943 shares of the construction company’s stock after buying an additional 13,660 shares during the quarter. State of Wisconsin Investment Board’s holdings in AECOM were worth $1,000,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of Montreal Can raised its holdings in AECOM by 12.2% during the first quarter. Bank of Montreal Can now owns 30,036 shares of the construction company’s stock worth $1,069,000 after purchasing an additional 3,255 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in AECOM by 1.3% during the first quarter. Oregon Public Employees Retirement Fund now owns 53,771 shares of the construction company’s stock worth $1,914,000 after purchasing an additional 700 shares during the last quarter. Wells Fargo & Company MN raised its holdings in AECOM by 103.9% during the first quarter. Wells Fargo & Company MN now owns 313,090 shares of the construction company’s stock worth $11,143,000 after purchasing an additional 159,507 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in AECOM by 74.4% during the first quarter. Canada Pension Plan Investment Board now owns 27,200 shares of the construction company’s stock worth $968,000 after purchasing an additional 11,600 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in AECOM by 6.2% during the first quarter. Great West Life Assurance Co. Can now owns 251,670 shares of the construction company’s stock worth $8,979,000 after purchasing an additional 14,618 shares during the last quarter. 82.06% of the stock is owned by institutional investors and hedge funds.

Shares of AECOM (NYSE:ACM) traded up 1.72% during midday trading on Friday, hitting $35.54. The stock had a trading volume of 1,232,241 shares. The firm has a market cap of $5.57 billion, a price-to-earnings ratio of 21.76 and a beta of 1.70. AECOM has a 12-month low of $26.46 and a 12-month high of $40.72. The company’s 50-day moving average price is $32.45 and its 200-day moving average price is $33.16.

AECOM (NYSE:ACM) last released its earnings results on Tuesday, August 8th. The construction company reported $0.78 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.78. The company had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.54 billion. AECOM had a return on equity of 12.19% and a net margin of 1.46%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.81 earnings per share. Equities research analysts forecast that AECOM will post $2.91 EPS for the current year.

AECOM announced that its board has initiated a share buyback plan on Thursday, September 21st that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to buy up to 18.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

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Several brokerages recently issued reports on ACM. UBS AG set a $38.00 price objective on AECOM and gave the stock a “buy” rating in a report on Monday, June 26th. Canaccord Genuity reaffirmed a “hold” rating and set a $36.00 price objective on shares of AECOM in a report on Tuesday, August 8th. KeyCorp reissued a “buy” rating on shares of AECOM in a research report on Friday. Robert W. Baird raised their price target on AECOM from $36.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Citigroup Inc. set a $40.00 price target on AECOM and gave the stock a “buy” rating in a research report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $38.64.

About AECOM

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.

Institutional Ownership by Quarter for AECOM (NYSE:ACM)

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