Amalgamated Bank Sells 2,803 Shares of AECOM (NYSE:ACM)

Amalgamated Bank reduced its stake in shares of AECOM (NYSE:ACM - Free Report) by 4.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 60,821 shares of the construction company's stock after selling 2,803 shares during the quarter. Amalgamated Bank's holdings in AECOM were worth $5,640,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in AECOM in the fourth quarter valued at approximately $35,000. Proficio Capital Partners LLC bought a new stake in AECOM during the fourth quarter valued at about $55,000. MassMutual Private Wealth & Trust FSB grew its holdings in AECOM by 148.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 592 shares of the construction company's stock valued at $55,000 after buying an additional 354 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new stake in shares of AECOM in the fourth quarter worth $62,000. Finally, Jones Financial Companies Lllp grew its position in AECOM by 821.4% in the 4th quarter. Jones Financial Companies Lllp now owns 645 shares of the construction company's stock worth $69,000 after purchasing an additional 575 shares during the last quarter. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

AECOM Trading Up 1.2%

ACM traded up $1.33 during mid-day trading on Friday, hitting $115.79. The stock had a trading volume of 441,531 shares, compared to its average volume of 928,129. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56. The firm has a market capitalization of $15.32 billion, a price-to-earnings ratio of 25.23, a price-to-earnings-growth ratio of 1.87 and a beta of 0.96. 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 stock's fifty day simple moving average is $108.67 and its 200-day simple moving average is $103.29.

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

AECOM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Wednesday, July 2nd will be issued a dividend of $0.26 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.90%. AECOM's payout ratio is presently 22.66%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Truist Financial lowered their price objective on AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Citigroup lifted their target price on shares of AECOM from $116.00 to $122.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Royal Bank Of Canada lifted 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. Robert W. Baird upped their price objective on AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Finally, KeyCorp cut their target price on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average 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.