OneDigital Investment Advisors LLC purchased a new position in AECOM (NYSE:ACM - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,764 shares of the construction company's stock, valued at approximately $256,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of AECOM in the 4th quarter worth $190,495,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of AECOM by 34.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,258 shares of the construction company's stock worth $286,305,000 after purchasing an additional 691,020 shares during the period. Northern Trust Corp increased its position in AECOM by 53.5% during the 4th quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company's stock worth $177,844,000 after purchasing an additional 580,078 shares in the last quarter. Alliancebernstein L.P. lifted its position in AECOM by 11.2% during the fourth quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company's stock valued at $397,196,000 after buying an additional 373,991 shares in the last quarter. Finally, Sandhill Capital Partners LLC purchased a new stake in AECOM during the fourth quarter worth approximately $36,933,000. 85.41% of the stock is owned by institutional investors and hedge funds.
AECOM Stock Up 0.3%
Shares of ACM stock traded up $0.36 during trading hours on Monday, hitting $114.80. 864,037 shares of the company were exchanged, compared to its average volume of 1,004,564. The stock has a market capitalization of $15.19 billion, a price-to-earnings ratio of 25.01, a P/E/G ratio of 1.85 and a beta of 0.96. The business's 50-day simple moving average is $110.26 and its two-hundred day simple moving average is $103.48. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.15 and a current ratio of 1.15. AECOM has a one year low of $84.75 and a one year high of $118.56.
AECOM (NYSE:ACM - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.10. AECOM had a net margin of 3.85% and a return on equity of 27.67%. The company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter in the previous year, the company posted $1.04 earnings per share. The company's revenue for the quarter was up 2.6% compared to the same quarter last year. Sell-side analysts predict that AECOM will post 5.1 EPS for the current fiscal year.
AECOM Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Wednesday, July 2nd will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.04 annualized dividend and a dividend yield of 0.91%. AECOM's dividend payout ratio (DPR) is 22.66%.
Analysts Set New Price Targets
A number of brokerages recently weighed in on ACM. Truist Financial decreased their price target 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. Robert W. Baird raised their target price on AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. KeyCorp decreased their price target on AECOM from $121.00 to $109.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Royal Bank Of Canada upped their price objective 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. Finally, Citigroup boosted their price target on AECOM from $116.00 to $122.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM has an average rating of "Buy" and an average target price of $120.86.
Check Out Our Latest Analysis on ACM
About AECOM
(
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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