Point72 Asset Management L.P. Takes Position in AECOM (NYSE:ACM)

Point72 Asset Management L.P. acquired a new stake in AECOM (NYSE:ACM - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 141,024 shares of the construction company's stock, valued at approximately $15,064,000. Point72 Asset Management L.P. owned about 0.11% of AECOM as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of ACM. Ranch Capital Advisors Inc. raised its holdings in shares of AECOM by 2.3% in the fourth quarter. Ranch Capital Advisors Inc. now owns 4,482 shares of the construction company's stock valued at $479,000 after buying an additional 99 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in AECOM by 17.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 691 shares of the construction company's stock valued at $74,000 after acquiring an additional 103 shares in the last quarter. Avitas Wealth Management LLC increased its position in AECOM by 0.6% in the 4th quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company's stock valued at $2,023,000 after acquiring an additional 110 shares in the last quarter. Principal Securities Inc. raised its stake in shares of AECOM by 95.9% in the fourth quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock worth $25,000 after acquiring an additional 116 shares during the last quarter. Finally, Ellevest Inc. lifted its position in shares of AECOM by 2.2% during the fourth quarter. Ellevest Inc. now owns 5,820 shares of the construction company's stock worth $622,000 after purchasing an additional 124 shares in the last quarter. Institutional investors and hedge funds own 85.41% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on ACM. Barclays increased their price target on shares of AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Royal Bank of Canada increased their price objective on AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Citigroup lifted their target price on AECOM from $116.00 to $122.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. KeyCorp dropped their target price on AECOM from $121.00 to $109.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Robert W. Baird raised their price target on AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, AECOM has a consensus rating of "Buy" and an average price target of $119.00.

AECOM Trading Down 1.4%

Shares of NYSE:ACM traded down $1.48 during midday trading on Wednesday, hitting $107.49. The company had a trading volume of 648,012 shares, compared to its average volume of 917,854. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56. The firm has a fifty day simple moving average of $97.48 and a 200 day simple moving average of $103.58. The stock has a market cap of $14.22 billion, a price-to-earnings ratio of 30.54, a PEG ratio of 1.63 and a beta of 0.96.

AECOM (NYSE:ACM - Get Free Report) last issued its 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 was up 2.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.04 earnings per share. On average, analysts predict that AECOM will post 5.1 EPS for the current year.

AECOM Announces Dividend

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. This represents a $1.04 annualized dividend and a yield of 0.97%. The ex-dividend date was Wednesday, April 2nd. AECOM's payout ratio is presently 22.66%.

About AECOM

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.