AECOM (NYSE:ACM) Shares Acquired by King Luther Capital Management Corp

Key Points

• King Luther Capital Management Corp increased its holdings in AECOM by 7.3% to 38,979 shares, valued at approximately $3.6 million, according to its recent SEC filing.
• AECOM reported $1.34 earnings per share (EPS) for the recent quarter, surpassing analysts' expectations of $1.25, with revenue increasing by 6.2% year-over-year.
• AECOM declared a quarterly dividend of $0.26, resulting in an annualized payout of $1.04, which translates to a dividend yield of 0.9%.

King Luther Capital Management Corp grew its position in AECOM (NYSE:ACM - Free Report) by 7.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,979 shares of the construction company's stock after acquiring an additional 2,639 shares during the quarter. King Luther Capital Management Corp's holdings in AECOM were worth $3,615,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ACM. OneDigital Investment Advisors LLC acquired a new stake in shares of AECOM in the first quarter valued at $256,000. Private Trust Co. NA raised its position in AECOM by 37.2% during the first quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock valued at $38,000 after buying an additional 112 shares during the period. Cambridge Investment Research Advisors Inc. increased its position 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 worth $722,000 after purchasing an additional 286 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of 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 acquiring an additional 16,718 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in AECOM by 5.0% during the 4th quarter. Wellington Management Group LLP now owns 12,602 shares of the construction company's stock valued at $1,346,000 after purchasing an additional 603 shares during the period. Hedge funds and other institutional investors own 85.41% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on ACM. Bank of America raised their target price on AECOM from $112.50 to $124.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Royal Bank Of Canada lifted their target price on AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. KeyCorp boosted their price target on AECOM from $129.00 to $131.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Robert W. Baird lifted their target price on AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Finally, Wall Street Zen raised AECOM from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $128.44.

AECOM Stock Performance

Shares of NYSE ACM traded down $0.68 during midday trading on Friday, reaching $119.44. The company had a trading volume of 349,255 shares, compared to its average volume of 989,122. The stock has a market cap of $15.82 billion, a P/E ratio of 26.03, a P/E/G ratio of 1.81 and a beta of 0.99. AECOM has a 1 year low of $85.00 and a 1 year high of $122.04. The business's 50-day simple moving average is $114.04 and its 200 day simple moving average is $104.75. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91.

AECOM (NYSE:ACM - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The construction company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.09. AECOM had a net margin of 3.82% and a return on equity of 27.87%. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same period last year, the firm posted $1.16 earnings per share. The company's revenue was up 6.2% compared to the same quarter last year. On average, analysts forecast that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Wednesday, July 2nd were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Wednesday, July 2nd. AECOM's dividend payout ratio (DPR) is currently 22.66%.

AECOM 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.