Magnus Financial Group LLC trimmed its stake in AECOM (NYSE:ACM - Free Report) by 48.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,526 shares of the construction company's stock after selling 2,334 shares during the period. Magnus Financial Group LLC's holdings in AECOM were worth $234,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Prudential Financial Inc. lifted its stake in shares of AECOM by 16.6% during the 4th quarter. Prudential Financial Inc. now owns 27,524 shares of the construction company's stock worth $2,940,000 after acquiring an additional 3,921 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of AECOM during the 4th quarter worth approximately $9,705,000. Truist Financial Corp lifted its stake in shares of AECOM by 28.7% during the 4th quarter. Truist Financial Corp now owns 9,851 shares of the construction company's stock worth $1,052,000 after acquiring an additional 2,194 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of AECOM by 31.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,992 shares of the construction company's stock worth $1,495,000 after acquiring an additional 3,374 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of AECOM during the 4th quarter worth approximately $55,000. 85.41% of the stock is owned by institutional investors.
AECOM Stock Up 0.7%
NYSE ACM traded up $0.76 on Friday, reaching $111.40. 505,886 shares of the stock traded hands, compared to its average volume of 909,833. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. The company has a fifty day moving average price of $100.99 and a 200-day moving average price of $103.46. The company has a market cap of $14.74 billion, a price-to-earnings ratio of 31.65, a PEG ratio of 1.63 and a beta of 0.97. AECOM has a 12 month low of $82.23 and a 12 month 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 earnings per share for the quarter, beating analysts' consensus estimates of $1.15 by $0.10. The business had revenue of $3.77 billion during the quarter, compared to analyst estimates of $4.18 billion. AECOM had a return on equity of 26.84% and a net margin of 2.93%. AECOM's revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.04 EPS. As a group, research analysts forecast that AECOM will post 5.1 EPS for the current fiscal year.
AECOM Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Wednesday, July 2nd will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Wednesday, July 2nd. AECOM's dividend payout ratio is currently 22.66%.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the company. Robert W. Baird raised their price target on AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. 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 note on Wednesday, May 7th. KeyCorp decreased their price target on AECOM from $121.00 to $109.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Citigroup lifted their target price on AECOM from $116.00 to $122.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Finally, Truist Financial decreased their target price on AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $120.86.
View Our Latest Report on AECOM
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.
Read More
Before you consider AECOM, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AECOM wasn't on the list.
While AECOM currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
