Knights of Columbus Asset Advisors LLC Increases Stock Position in AECOM (NYSE:ACM)

Key Points

• Knights of Columbus Asset Advisors LLC increased its holdings in AECOM by 4.5% during the first quarter, owning approximately 83,670 shares valued at about $7.76 million.
• AECOM reported earnings per share of $1.25, exceeding the consensus estimate of $1.15, despite a revenue shortfall of $3.77 billion versus the expected $4.18 billion.
• The company recently announced a quarterly dividend of $0.26 per share, representing an annual yield of 0.92% and a payout ratio of 22.66%.

Knights of Columbus Asset Advisors LLC increased its position in shares of AECOM (NYSE:ACM - Free Report) by 4.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 83,670 shares of the construction company's stock after buying an additional 3,579 shares during the quarter. Knights of Columbus Asset Advisors LLC owned about 0.06% of AECOM worth $7,759,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Prudential Financial Inc. raised its position in AECOM by 16.6% in the fourth quarter. Prudential Financial Inc. now owns 27,524 shares of the construction company's stock valued at $2,940,000 after purchasing an additional 3,921 shares during the period. OneDigital Investment Advisors LLC acquired a new stake in shares of AECOM during the 1st quarter worth about $256,000. Private Trust Co. NA increased its position in shares of AECOM by 37.2% during the 1st quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock worth $38,000 after purchasing an additional 112 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in AECOM by 3.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,790 shares of the construction company's stock valued at $722,000 after buying an additional 286 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in AECOM by 170.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 26,543 shares of the construction company's stock valued at $2,461,000 after buying an additional 16,718 shares during the last quarter. 85.41% of the stock is currently owned by institutional investors and hedge funds.

AECOM Stock Up 2.0%

AECOM stock traded up $2.24 during trading on Friday, reaching $115.32. The stock had a trading volume of 663,792 shares, compared to its average volume of 823,522. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.00. AECOM has a 52-week low of $84.75 and a 52-week high of $118.56. The stock has a market cap of $15.26 billion, a PE ratio of 25.12, a P/E/G ratio of 1.87 and a beta of 0.96. The business has a 50 day moving average price of $111.89 and a 200 day moving average price of $103.95.

AECOM (NYSE:ACM - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The construction company reported $1.25 earnings per share for the quarter, beating analysts' consensus estimates of $1.15 by $0.10. The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $4.18 billion. AECOM had a net margin of 3.85% and a return on equity of 27.67%. The company's revenue was up 2.6% on a year-over-year basis. During the same period last year, the business earned $1.04 EPS. On average, analysts predict that AECOM will post 5.1 EPS for the current year.

AECOM Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Wednesday, July 2nd were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, July 2nd. This represents a $1.04 annualized dividend and a dividend yield of 0.90%. AECOM's dividend payout ratio is currently 22.66%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Citigroup upped their price objective on shares of AECOM from $116.00 to $122.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Royal Bank Of Canada raised their price target on AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Robert W. Baird boosted their price objective on AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Truist Financial dropped their price objective on shares of AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, KeyCorp increased their target price on shares of AECOM from $120.00 to $129.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $123.71.

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.