South Dakota Investment Council Grows Stock Holdings in AECOM (NYSE:ACM)

South Dakota Investment Council boosted its holdings in AECOM (NYSE:ACM - Free Report) by 135.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,011 shares of the construction company's stock after purchasing an additional 9,223 shares during the period. South Dakota Investment Council's holdings in AECOM were worth $1,485,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Kestra Private Wealth Services LLC increased its position in shares of AECOM by 70.9% in the first quarter. Kestra Private Wealth Services LLC now owns 6,484 shares of the construction company's stock valued at $601,000 after acquiring an additional 2,691 shares during the period. Impact Partnership Wealth LLC lifted its stake in shares of AECOM by 16.4% in the first quarter. Impact Partnership Wealth LLC now owns 3,548 shares of the construction company's stock worth $329,000 after buying an additional 499 shares in the last quarter. Private Advisor Group LLC lifted its stake in shares of AECOM by 27.4% in the first quarter. Private Advisor Group LLC now owns 14,659 shares of the construction company's stock worth $1,359,000 after buying an additional 3,154 shares in the last quarter. Archer Investment Corp lifted its stake in shares of AECOM by 19.4% in the first quarter. Archer Investment Corp now owns 1,075 shares of the construction company's stock worth $100,000 after buying an additional 175 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in shares of AECOM in the first quarter worth approximately $92,000. 85.41% of the stock is owned by institutional investors.

AECOM Price Performance

ACM traded up $0.05 during trading on Thursday, hitting $113.47. 137,270 shares of the company traded hands, compared to its average volume of 1,006,540. AECOM has a 1 year low of $84.75 and a 1 year high of $118.56. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.00. The stock's 50-day simple moving average is $111.68 and its two-hundred day simple moving average is $103.87. The company has a market cap of $15.01 billion, a PE ratio of 24.71, a P/E/G ratio of 1.82 and a beta of 0.96.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The construction company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.15 by $0.10. AECOM had a net margin of 3.85% and a return on equity of 27.67%. The business had revenue of $3.77 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same quarter last year, the business earned $1.04 earnings per share. AECOM's quarterly revenue was up 2.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Wednesday, July 2nd were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, July 2nd. This represents a $1.04 annualized dividend and a yield of 0.92%. AECOM's dividend payout ratio (DPR) is currently 22.66%.

Analyst Ratings Changes

Several brokerages have recently issued reports on ACM. 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 research note on Tuesday, April 8th. Citigroup increased their price objective 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. Royal Bank Of Canada increased their price objective on shares of AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. KeyCorp increased their price objective on shares of AECOM from $120.00 to $129.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Finally, Robert W. Baird increased their price objective 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. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, AECOM currently has a consensus rating of "Buy" and an average price target of $123.71.

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.