Zurcher Kantonalbank Zurich Cantonalbank raised its position in AECOM (NYSE:ACM - Free Report) by 9.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,051 shares of the construction company's stock after purchasing an additional 7,028 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.06% of AECOM worth $7,794,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in ACM. Prudential Financial Inc. lifted its holdings in shares of 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 buying an additional 3,921 shares during the period. OneDigital Investment Advisors LLC purchased a new position in shares of AECOM during the 1st quarter valued at $256,000. Private Trust Co. NA grew its stake in AECOM by 37.2% in the first 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. raised its position in AECOM by 3.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,790 shares of the construction company's stock valued at $722,000 after acquiring an additional 286 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings 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 worth $2,461,000 after purchasing an additional 16,718 shares in the last quarter. Institutional investors own 85.41% of the company's stock.
Analysts Set New Price Targets
Several research firms have recently issued reports on ACM. KeyCorp upped their price target on AECOM from $120.00 to $129.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Robert W. Baird upped their target price on AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Royal Bank Of Canada increased their price target on AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Citigroup reaffirmed a "buy" rating and set a $137.00 price objective (up from $122.00) on shares of AECOM in a report on Monday. Finally, Truist Financial dropped their target price on shares of AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $125.86.
Read Our Latest Stock Report on ACM
AECOM Stock Performance
Shares of NYSE:ACM traded down $1.70 during trading on Friday, hitting $111.04. 1,067,314 shares of the stock were exchanged, compared to its average volume of 811,481. The company's fifty day simple moving average is $112.35 and its 200-day simple moving average is $104.14. The company has a market capitalization of $14.69 billion, a price-to-earnings ratio of 24.19, a price-to-earnings-growth ratio of 1.82 and a beta of 0.99. AECOM has a 1-year low of $84.75 and a 1-year high of $118.56. 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 (NYSE:ACM - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The construction company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.10. The company had revenue of $3.77 billion for 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 company's revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.04 EPS. Sell-side analysts expect that AECOM will post 5.1 EPS for the current fiscal year.
AECOM Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Wednesday, July 2nd were issued a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, July 2nd. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. AECOM's dividend payout ratio is presently 22.66%.
AECOM Profile
(
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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