Robeco Schweiz AG decreased its position in shares of AECOM (NYSE:ACM - Free Report) by 14.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 433,236 shares of the construction company's stock after selling 70,285 shares during the period. Robeco Schweiz AG owned 0.33% of AECOM worth $40,174,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of ACM. Proficio Capital Partners LLC acquired a new position in AECOM during the 4th quarter worth $55,000. Jones Financial Companies Lllp lifted its position in AECOM by 821.4% during the 4th quarter. Jones Financial Companies Lllp now owns 645 shares of the construction company's stock worth $69,000 after acquiring an additional 575 shares during the last quarter. M&T Bank Corp lifted its position in AECOM by 5.5% during the 4th quarter. M&T Bank Corp now owns 7,316 shares of the construction company's stock worth $782,000 after acquiring an additional 380 shares during the last quarter. Raymond James Financial Inc. acquired a new position in AECOM during the 4th quarter worth $9,705,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of AECOM by 7.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 10,196 shares of the construction company's stock worth $1,089,000 after purchasing an additional 737 shares during the period. Institutional investors and hedge funds own 85.41% of the company's stock.
Analysts Set New Price Targets
ACM has been the topic of several research reports. Royal Bank Of Canada boosted their price objective on shares of AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Citigroup boosted 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. Robert W. Baird upped their target price on shares of AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. KeyCorp lowered their target price on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Truist Financial lowered their target price on shares of AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $120.86.
Check Out Our Latest Analysis on ACM
AECOM Price Performance
Shares of ACM stock traded down $1.18 during trading hours on Friday, reaching $114.46. 543,348 shares of the company were exchanged, compared to its average volume of 922,098. AECOM has a fifty-two week low of $84.75 and a fifty-two week high of $118.56. The stock's fifty day moving average is $110.26 and its two-hundred day moving average is $103.55. The company has a market cap of $15.14 billion, a price-to-earnings ratio of 24.94, a P/E/G ratio of 1.87 and a beta of 0.96. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.15 and a quick ratio of 1.15.
AECOM (NYSE:ACM - Get Free Report) last announced 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. AECOM had a net margin of 3.85% and a return on equity of 27.67%. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same period in the prior year, the business earned $1.04 earnings per share. AECOM's quarterly revenue was up 2.6% on a year-over-year basis. Sell-side analysts forecast that AECOM will post 5.1 earnings per share for the current fiscal year.
AECOM Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Wednesday, July 2nd will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 0.91%. AECOM's payout ratio is presently 22.66%.
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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