2,296 Shares in AECOM (NYSE:ACM) Purchased by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd bought a new position in AECOM (NYSE:ACM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,296 shares of the construction company's stock, valued at approximately $245,000.

Other hedge funds have also added to or reduced their stakes in the company. Principal Securities Inc. lifted its stake in shares of AECOM by 95.9% in the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock worth $25,000 after purchasing an additional 116 shares during the period. Allworth Financial LP lifted its stake in shares of AECOM by 390.6% in the 4th quarter. Allworth Financial LP now owns 260 shares of the construction company's stock worth $29,000 after purchasing an additional 207 shares during the period. National Pension Service bought a new position in shares of AECOM in the 4th quarter worth approximately $32,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of AECOM in the 4th quarter worth approximately $35,000. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of AECOM in the 4th quarter worth approximately $51,000. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

AECOM Price Performance

Shares of NYSE ACM traded down $0.11 during mid-day trading on Tuesday, reaching $108.82. The company's stock had a trading volume of 808,010 shares, compared to its average volume of 918,086. The firm has a market capitalization of $14.40 billion, a PE ratio of 30.91, a P/E/G ratio of 1.63 and a beta of 0.96. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a fifty day moving average of $97.23 and a two-hundred day moving average of $103.55. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The construction company reported $1.25 earnings per share for the quarter, topping analysts' consensus estimates of $1.15 by $0.10. The firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $4.18 billion. AECOM had a return on equity of 26.84% and a net margin of 2.93%. The business's quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.04 earnings per share. As a group, sell-side analysts anticipate that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd were given a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.96%. AECOM's dividend payout ratio is currently 22.66%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ACM. Royal Bank of Canada boosted their price target on AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. KeyCorp cut their price target on AECOM from $121.00 to $109.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Barclays boosted their price target on AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Truist Financial cut their price target on AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Robert W. Baird boosted their price target on AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM currently has an average rating of "Buy" and a consensus price target of $119.00.

AECOM Company Profile

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.