Jacobs Levy Equity Management Inc. Decreases Stake in AECOM (NYSE:ACM)

Jacobs Levy Equity Management Inc. lowered its stake in AECOM (NYSE:ACM - Free Report) by 86.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 108,856 shares of the construction company's stock after selling 720,502 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.08% of AECOM worth $11,628,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of ACM. Principal Securities Inc. raised its stake in shares of AECOM by 95.9% during the fourth quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock valued at $25,000 after acquiring an additional 116 shares during the last quarter. Allworth Financial LP lifted its holdings in 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 buying an additional 207 shares during the period. National Pension Service purchased a new stake in AECOM in the 4th quarter worth approximately $32,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of AECOM in the 4th quarter worth approximately $35,000. Finally, Wingate Wealth Advisors Inc. purchased a new position in shares of AECOM during the fourth quarter valued at approximately $51,000. Institutional investors own 85.41% of the company's stock.

Analysts Set New Price Targets

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

AECOM Stock Up 1.1%

Shares of AECOM stock traded up $1.20 during midday trading on Friday, hitting $109.48. The company had a trading volume of 710,407 shares, compared to its average volume of 915,694. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $14.48 billion, a P/E ratio of 31.10, a P/E/G ratio of 1.63 and a beta of 0.96. The company has a 50 day moving average of $96.63 and a 200 day moving average of $103.56.

AECOM (NYSE:ACM - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.10. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $4.18 billion. AECOM had a return on equity of 26.84% and a net margin of 2.93%. The company's revenue was up 2.6% on a year-over-year basis. During the same period last year, the company earned $1.04 earnings per share. On average, equities analysts predict that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd were paid a $0.26 dividend. The ex-dividend date was Wednesday, April 2nd. This represents a $1.04 annualized dividend and a dividend yield of 0.95%. AECOM's dividend payout ratio is presently 22.66%.

AECOM 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.