Impax Asset Management Group plc Has $139.41 Million Position in AECOM (NYSE:ACM)

Impax Asset Management Group plc trimmed its stake in shares of AECOM (NYSE:ACM - Free Report) by 2.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,503,370 shares of the construction company's stock after selling 33,806 shares during the quarter. Impax Asset Management Group plc owned about 1.13% of AECOM worth $139,408,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of AECOM in the fourth quarter valued at about $35,000. Private Trust Co. NA boosted its position in shares of 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 acquiring an additional 112 shares during the period. Kapitalo Investimentos Ltda bought a new stake in shares of AECOM in the fourth quarter valued at about $62,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of AECOM by 148.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 592 shares of the construction company's stock valued at $55,000 after acquiring an additional 354 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in shares of AECOM by 821.4% in the fourth quarter. Jones Financial Companies Lllp now owns 645 shares of the construction company's stock valued at $69,000 after acquiring an additional 575 shares during the period. 85.41% of the stock is owned by institutional investors.

AECOM Price Performance

ACM traded up $1.33 on Friday, hitting $115.79. 441,531 shares of the stock were exchanged, compared to its average volume of 926,874. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56. The business has a 50-day moving average of $108.67 and a two-hundred day moving average of $103.24. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market capitalization of $15.32 billion, a price-to-earnings ratio of 25.23, a PEG ratio of 1.87 and a beta of 0.96.

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

AECOM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Wednesday, July 2nd will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.90%. AECOM's dividend payout ratio (DPR) is currently 22.66%.

Wall Street Analyst Weigh In

ACM has been the subject of a number of recent research reports. Citigroup boosted their target price on shares of AECOM from $116.00 to $122.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Truist Financial reduced their target price on shares of AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Robert W. Baird boosted their target price on shares of AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Royal Bank Of Canada upped their price objective on shares of AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, KeyCorp cut their price objective on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Eight 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 $120.86.

About AECOM

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.