AECOM (NYSE:ACM) Shares Acquired by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH increased its stake in AECOM by 211.9% in Q1, acquiring an additional 62,404 shares, bringing its total ownership to 91,851 shares valued at approximately $8.5 million.
• Multiple investment firms have recently raised their price objectives for AECOM, with key ratings from Citigroup and Royal Bank of Canada indicating strong "buy" and "outperform" sentiments towards the stock.
• AECOM has reported earnings of $1.25 EPS for the last quarter, exceeding analyst estimates of $1.15, while also announcing a quarterly dividend of $0.26 with a yield of 0.90%.

Allianz Asset Management GmbH increased its stake in AECOM (NYSE:ACM - Free Report) by 211.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 91,851 shares of the construction company's stock after buying an additional 62,404 shares during the quarter. Allianz Asset Management GmbH owned about 0.07% of AECOM worth $8,517,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Prudential Financial Inc. grew its stake in AECOM by 16.6% during the 4th 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 in the last quarter. OneDigital Investment Advisors LLC acquired a new stake in AECOM during the 1st quarter valued at approximately $256,000. Private Trust Co. NA grew its stake in AECOM by 37.2% during the 1st quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock valued at $38,000 after purchasing an additional 112 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in AECOM by 3.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,790 shares of the construction company's stock valued at $722,000 after purchasing an additional 286 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in AECOM by 170.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 26,543 shares of the construction company's stock valued at $2,461,000 after purchasing an additional 16,718 shares in the last quarter. Institutional investors and hedge funds own 85.41% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ACM shares. Citigroup raised their price objective on AECOM from $116.00 to $122.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Robert W. Baird raised 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. Truist Financial lowered their price objective on AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. KeyCorp raised their price objective on AECOM from $120.00 to $129.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Finally, Royal Bank Of Canada raised their price objective on AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $123.71.

AECOM Price Performance

Shares of ACM opened at $115.32 on Friday. The firm has a market cap of $15.26 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 1.87 and a beta of 0.96. The stock has a 50 day moving average of $111.89 and a 200-day moving average of $103.95. The company has a current ratio of 1.15, a quick 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.

AECOM (NYSE:ACM - Get Free Report) last issued its earnings results on Monday, May 5th. The construction company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.15 by $0.10. The company had revenue of $3.77 billion during the quarter, compared to analyst estimates of $4.18 billion. AECOM had a return on equity of 27.67% and a net margin of 3.85%. The business's revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.04 EPS. As a group, analysts forecast that AECOM will post 5.1 EPS for the current year.

AECOM Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Wednesday, July 2nd were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Wednesday, July 2nd. AECOM's dividend payout ratio (DPR) is 22.66%.

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.

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