Voloridge Investment Management LLC decreased its stake in shares of AECOM (NYSE:ACM - Free Report) by 12.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 505,211 shares of the construction company's stock after selling 69,464 shares during the period. Voloridge Investment Management LLC owned 0.38% of AECOM worth $53,967,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank bought a new stake in shares of AECOM during the fourth quarter worth approximately $190,495,000. Northern Trust Corp increased its position in AECOM by 53.5% during the 4th quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company's stock worth $177,844,000 after buying an additional 580,078 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of AECOM by 11.2% during the fourth quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company's stock worth $397,196,000 after buying an additional 373,991 shares in the last quarter. Sandhill Capital Partners LLC acquired a new position in shares of AECOM during the 4th quarter worth approximately $36,933,000. Finally, Nuveen Asset Management LLC increased its stake in AECOM by 22.2% during the 4th quarter. Nuveen Asset Management LLC now owns 797,076 shares of the construction company's stock worth $85,144,000 after acquiring an additional 144,563 shares during the period. Institutional investors and hedge funds own 85.41% of the company's stock.
AECOM Trading Up 0.1%
Shares of ACM stock traded up $0.15 during trading hours on Monday, hitting $107.52. 537,047 shares of the company's stock traded hands, compared to its average volume of 917,583. The stock has a market cap of $14.23 billion, a PE ratio of 30.55, a price-to-earnings-growth ratio of 1.63 and a beta of 0.96. The stock's 50 day simple moving average is $97.95 and its 200 day simple moving average is $103.43. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56.
AECOM (NYSE:ACM - Get Free Report) last posted its quarterly earnings data 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 the consensus estimate of $4.18 billion. AECOM had a return on equity of 26.84% and a net margin of 2.93%. AECOM's quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.04 earnings per share. On average, sell-side analysts anticipate that AECOM will post 5.1 EPS for the current year.
AECOM Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Wednesday, April 2nd. AECOM's dividend payout ratio is currently 22.66%.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on ACM. Robert W. Baird increased their price objective on shares of AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Barclays upped their target price on AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Truist Financial lowered their price target on AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Royal Bank of Canada upped their price objective on AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, 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. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $120.86.
Check Out Our Latest Analysis on ACM
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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