ASR Vermogensbeheer N.V. Purchases Shares of 5,244 AECOM (NYSE:ACM)

Key Points

• ASR Vermogensbeheer N.V. invested $486,000 in AECOM by acquiring 5,244 shares during the 1st quarter, highlighting increasing institutional interest in the company.
• AECOM reported a 6.2% year-over-year revenue growth with earnings per share of $1.34, surpassing analyst expectations in its latest quarterly earnings.
• The company recently announced a quarterly dividend of $0.26 per share, with an annualized yield of 0.9% and a payout ratio of 22.66%.

ASR Vermogensbeheer N.V. purchased a new position in shares of AECOM (NYSE:ACM - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,244 shares of the construction company's stock, valued at approximately $486,000.

A number of other institutional investors also recently bought and sold shares of the business. Atria Wealth Solutions Inc. lifted its holdings in AECOM by 56.3% during the 1st quarter. Atria Wealth Solutions Inc. now owns 3,177 shares of the construction company's stock worth $295,000 after buying an additional 1,145 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of AECOM during the first quarter worth about $1,336,000. Haven Private LLC increased its position in shares of AECOM by 8.6% during the first quarter. Haven Private LLC now owns 5,855 shares of the construction company's stock worth $543,000 after purchasing an additional 463 shares in the last quarter. Cheviot Value Management LLC acquired a new stake in shares of AECOM during the first quarter worth about $355,000. Finally, Banco Santander S.A. acquired a new stake in shares of AECOM during the first quarter worth about $2,486,000. 85.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ACM has been the topic of several analyst reports. Barclays lifted their target price on AECOM from $120.00 to $130.00 and gave the company an "overweight" rating in a research note on Tuesday. Citigroup reiterated a "buy" rating and issued a $137.00 target price (up from $122.00) on shares of AECOM in a research note on Monday, July 28th. Wall Street Zen upgraded AECOM from a "hold" rating to a "buy" rating in a research note on Saturday. Bank of America raised their price target on AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Finally, Royal Bank Of Canada raised 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. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $128.44.

AECOM Stock Up 1.4%

Shares of NYSE:ACM traded up $1.64 during trading on Tuesday, hitting $120.88. The company's stock had a trading volume of 635,565 shares, compared to its average volume of 965,649. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. AECOM has a fifty-two week low of $85.00 and a fifty-two week high of $121.73. The stock's 50-day moving average price is $113.62 and its two-hundred day moving average price is $104.54. The company has a market capitalization of $16.01 billion, a PE ratio of 26.33, a PEG ratio of 1.77 and a beta of 0.99.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The construction company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.25 by $0.09. AECOM had a return on equity of 27.87% and a net margin of 3.82%. The business had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $4.33 billion. During the same quarter in the previous year, the firm posted $1.16 earnings per share. The company's revenue was up 6.2% compared to the same quarter last year. As a group, sell-side analysts expect that AECOM will post 5.1 EPS for the current year.

AECOM Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Wednesday, July 2nd were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, July 2nd. AECOM's dividend payout ratio is 22.66%.

AECOM Company Profile

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.