Algert Global LLC bought a new stake in shares of AECOM (NYSE:ACM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 14,880 shares of the construction company's stock, valued at approximately $1,589,000.
Several other institutional investors have also added to or reduced their stakes in the company. Principal Securities Inc. lifted its position 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 position 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 purchased a new stake in shares of AECOM in the 4th quarter worth about $32,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of AECOM in the 4th quarter worth about $35,000. Finally, Wingate Wealth Advisors Inc. purchased a new stake in shares of AECOM in the 4th quarter worth about $51,000. Hedge funds and other institutional investors own 85.41% of the company's stock.
AECOM Stock Up 0.3%
AECOM stock traded up $0.34 during trading hours on Tuesday, hitting $106.67. The stock had a trading volume of 747,324 shares, compared to its average volume of 914,681. The stock's 50-day moving average price is $95.68 and its 200-day moving average price is $103.49. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56. The stock has a market capitalization of $14.11 billion, a P/E ratio of 30.30, 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 (NYSE:ACM - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The construction company reported $1.25 EPS for the quarter, topping analysts' consensus estimates of $1.15 by $0.10. AECOM had a net margin of 2.93% and a return on equity of 26.84%. The firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same period in the previous year, the business posted $1.04 earnings per share. The business's revenue for the quarter was up 2.6% on a year-over-year basis. Equities research analysts anticipate that AECOM will post 5.1 EPS for the current fiscal year.
AECOM Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, April 2nd. This represents a $1.04 annualized dividend and a yield of 0.97%. AECOM's dividend payout ratio (DPR) is 22.66%.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on ACM. Truist Financial dropped their target price on shares of AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. KeyCorp lowered their price target on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Barclays lifted their price target on shares of AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Robert W. Baird lifted their price target on shares of 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 lifted their price target on shares of AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $119.00.
Get Our Latest Analysis on AECOM
AECOM 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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