Cubist Systematic Strategies LLC Acquires Shares of 72,314 AECOM (NYSE:ACM)

Cubist Systematic Strategies LLC bought a new position in AECOM (NYSE:ACM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 72,314 shares of the construction company's stock, valued at approximately $7,725,000. Cubist Systematic Strategies LLC owned about 0.05% of AECOM at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in AECOM by 35.3% in the fourth quarter. GAMMA Investing LLC now owns 1,528 shares of the construction company's stock valued at $163,000 after buying an additional 399 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of AECOM by 1.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company's stock valued at $809,000 after acquiring an additional 109 shares in the last quarter. TT International Asset Management LTD acquired a new stake in shares of AECOM during the 4th quarter valued at $3,578,000. Fiduciary Alliance LLC bought a new stake in AECOM during the 4th quarter worth $655,000. Finally, Fifth Third Wealth Advisors LLC increased its holdings in AECOM by 10.4% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 4,093 shares of the construction company's stock worth $437,000 after purchasing an additional 385 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors and hedge funds.

AECOM Trading Up 0.3 %

Shares of NYSE:ACM traded up $0.30 during midday trading on Friday, reaching $104.67. The company's stock had a trading volume of 559,751 shares, compared to its average volume of 914,104. The firm has a 50 day moving average price of $95.47 and a two-hundred day moving average price of $103.48. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56. The firm has a market capitalization of $13.85 billion, a price-to-earnings ratio of 29.74, a PEG ratio of 1.63 and a beta of 0.96. 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 (NYSE:ACM - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.15 by $0.10. The firm had revenue of $3.77 billion for the quarter, compared to analysts' expectations 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 period in the prior year, the business earned $1.04 EPS. As a group, analysts forecast 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. 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 0.99%. AECOM's dividend payout ratio is presently 22.66%.

Analyst Ratings Changes

Several research firms have recently issued reports on ACM. Robert W. Baird upped their price objective on AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Barclays upped 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. Truist Financial cut their price target 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. KeyCorp decreased 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. Finally, Royal Bank of Canada lifted their target price on AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a report on Wednesday. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM presently has an average rating of "Buy" and a consensus target price 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.