AECOM (NYSE:ACM) Shares Bought by Bridgefront Capital LLC

Bridgefront Capital LLC raised its holdings in shares of AECOM (NYSE:ACM - Free Report) by 240.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,026 shares of the construction company's stock after acquiring an additional 6,376 shares during the quarter. Bridgefront Capital LLC's holdings in AECOM were worth $964,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ACM. Prudential Financial Inc. increased its stake in shares of AECOM by 16.6% during the 4th quarter. Prudential Financial Inc. now owns 27,524 shares of the construction company's stock worth $2,940,000 after purchasing an additional 3,921 shares in the last quarter. Magnus Financial Group LLC raised its holdings in shares of AECOM by 93.5% in the fourth quarter. Magnus Financial Group LLC now owns 4,860 shares of the construction company's stock worth $519,000 after acquiring an additional 2,348 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of AECOM in the fourth quarter valued at $9,705,000. TT International Asset Management LTD acquired a new stake in shares of AECOM during the fourth quarter valued at $3,578,000. Finally, Park Avenue Securities LLC increased its position in AECOM by 176.9% during the 4th quarter. Park Avenue Securities LLC now owns 7,239 shares of the construction company's stock worth $773,000 after purchasing an additional 4,625 shares in the last quarter. Institutional investors and hedge funds own 85.41% of the company's stock.

AECOM Trading Up 0.3 %

NYSE ACM traded up $0.30 during mid-day trading on Friday, hitting $104.67. The company's stock had a trading volume of 559,751 shares, compared to its average volume of 913,444. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56. The stock's fifty day simple moving average is $95.47 and its two-hundred day simple moving average is $103.50. The firm has a market capitalization of $13.88 billion, a P/E ratio of 29.74, a price-to-earnings-growth ratio of 1.63 and a beta of 0.96.

AECOM (NYSE:ACM - Get Free Report) last posted its earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.10. The business 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 company's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.04 earnings per share. Research analysts expect that AECOM will post 5.1 EPS for the current year.

AECOM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Wednesday, April 2nd. AECOM's dividend payout ratio (DPR) is 29.55%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Truist Financial reduced their target price on shares of AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Citigroup lifted their target price on shares of AECOM from $116.00 to $122.00 and gave the stock a "buy" rating in a research note on Wednesday. Royal Bank of Canada increased their price target on AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research note on Wednesday. Barclays lifted their price objective on AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Finally, Robert W. Baird increased their target price on AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a research report on Tuesday. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $119.00.

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.