Point72 Hong Kong Ltd purchased a new position in AECOM (NYSE:ACM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,296 shares of the construction company's stock, valued at approximately $245,000.
Several other institutional investors have also recently added to or reduced their stakes in the business. Alliancebernstein L.P. boosted its holdings in AECOM by 11.2% in the fourth quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company's stock valued at $397,196,000 after purchasing an additional 373,991 shares during the last quarter. Norges Bank bought a new stake in shares of AECOM in the 4th quarter worth approximately $190,495,000. Northern Trust Corp increased its position in AECOM by 53.5% in the 4th quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company's stock valued at $177,844,000 after acquiring an additional 580,078 shares during the period. FMR LLC increased its position in AECOM by 2.9% in the 4th quarter. FMR LLC now owns 1,360,510 shares of the construction company's stock valued at $145,330,000 after acquiring an additional 38,177 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of AECOM by 8.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,205,920 shares of the construction company's stock valued at $128,820,000 after purchasing an additional 94,880 shares during the period. 85.41% of the stock is currently owned by institutional investors and hedge funds.
AECOM Stock Performance
Shares of ACM traded down $0.37 during mid-day trading on Thursday, hitting $107.07. 114,176 shares of the company's stock were exchanged, compared to its average volume of 914,685. The stock's 50-day simple moving average is $97.48 and its 200-day simple moving average is $103.58. The firm has a market cap of $14.17 billion, a price-to-earnings ratio of 30.43, a price-to-earnings-growth ratio of 1.63 and a beta of 0.96. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56.
AECOM (NYSE:ACM - Get Free Report) last issued its earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share for the quarter, beating analysts' consensus estimates of $1.15 by $0.10. The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $4.18 billion. AECOM had a net margin of 2.93% and a return on equity of 26.84%. The company's quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the business posted $1.04 earnings per share. On average, equities research analysts expect that AECOM will post 5.1 EPS for the current year.
AECOM Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Wednesday, April 2nd. AECOM's dividend payout ratio (DPR) is currently 22.66%.
Wall Street Analyst Weigh In
ACM has been the subject of several research reports. Robert W. Baird raised their price objective on AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Barclays boosted their price target on AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. KeyCorp dropped their price target on AECOM from $121.00 to $109.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Royal Bank of Canada lifted their price target on AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, Truist Financial lowered their price target on AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $119.00.
Get Our Latest Stock Analysis on ACM
AECOM Company Profile
(
Free Report)
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.
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