Concentric Capital Strategies LP acquired a new stake in AECOM (NYSE:ACM - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 29,407 shares of the construction company's stock, valued at approximately $3,141,000.
Several other hedge funds have also recently bought and sold shares of ACM. Norges Bank acquired a new position in shares of AECOM during the fourth quarter valued at $190,495,000. Northern Trust Corp increased its stake in AECOM by 53.5% during the 4th quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company's stock valued at $177,844,000 after buying an additional 580,078 shares during the period. Alliancebernstein L.P. raised its position in shares of AECOM by 11.2% during the 4th quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company's stock worth $397,196,000 after buying an additional 373,991 shares in the last quarter. Sandhill Capital Partners LLC acquired a new stake in shares of AECOM in the 4th quarter worth approximately $36,933,000. Finally, Schonfeld Strategic Advisors LLC boosted its holdings in shares of AECOM by 2,169.6% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 140,649 shares of the construction company's stock valued at $15,024,000 after acquiring an additional 134,452 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors.
AECOM Stock Down 1.4 %
Shares of NYSE:ACM opened at $101.45 on Thursday. The company has a market cap of $13.46 billion, a PE ratio of 28.82, a price-to-earnings-growth ratio of 1.63 and a beta of 0.96. The firm has a 50 day simple moving average of $95.11 and a 200 day simple moving average of $103.53. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56.
AECOM (NYSE:ACM - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The construction company reported $1.25 EPS 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 the consensus estimate of $4.18 billion. AECOM had a net margin of 2.93% and a return on equity of 26.84%. The firm's revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.04 earnings per share. As a group, research analysts expect that AECOM will post 5.1 earnings per share for the current year.
AECOM Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd were paid 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 yield of 1.03%. AECOM's dividend payout ratio (DPR) is currently 29.55%.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the company. Citigroup boosted their target price on AECOM from $116.00 to $122.00 and gave the stock a "buy" rating in a report on Wednesday. KeyCorp cut their price objective on AECOM from $121.00 to $109.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Barclays lifted their target price on AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Robert W. Baird upped their price target on shares of AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a report on Tuesday. Finally, Truist Financial reduced their price objective 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. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, AECOM presently has an average rating of "Buy" and an average target price of $119.00.
View Our Latest Stock Analysis on ACM
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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