Banco Santander S.A. Takes $2.49 Million Position in AECOM (NYSE:ACM)

Key Points

• Banco Santander S.A. has newly invested approximately $2.5 million in AECOM by purchasing 26,810 shares during the 1st quarter.
• AECOM announced a quarterly dividend of $0.26 per share, translating to an annualized payment of $1.04 and a yield of 0.9%.
• Investment analysts have set new price targets for AECOM, with Citigroup raising their target to $137.00 and eight analysts rating the stock as a "buy".

Banco Santander S.A. bought a new position in AECOM (NYSE:ACM - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,810 shares of the construction company's stock, valued at approximately $2,486,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Cordatus Wealth Management LLC raised its holdings in shares of AECOM by 3.7% during the first quarter. Cordatus Wealth Management LLC now owns 2,867 shares of the construction company's stock worth $266,000 after purchasing an additional 101 shares during the last quarter. Private Trust Co. NA lifted its stake in shares of AECOM by 37.2% in the 1st quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock worth $38,000 after acquiring an additional 112 shares during the period. Ellevest Inc. raised its position in AECOM by 2.2% during the fourth quarter. Ellevest Inc. now owns 5,820 shares of the construction company's stock worth $622,000 after acquiring an additional 124 shares during the last quarter. Bessemer Group Inc. grew its holdings in AECOM by 0.5% in the fourth quarter. Bessemer Group Inc. now owns 30,959 shares of the construction company's stock valued at $3,307,000 after purchasing an additional 156 shares during the period. Finally, Gateway Investment Advisers LLC lifted its position in AECOM by 7.8% during the first quarter. Gateway Investment Advisers LLC now owns 2,196 shares of the construction company's stock valued at $204,000 after buying an additional 158 shares in the last quarter. 85.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on ACM shares. KeyCorp boosted their target price on shares of AECOM from $120.00 to $129.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Truist Financial reduced their target price on AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Royal Bank Of Canada lifted 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. Bank of America lifted their price objective on AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a report on Tuesday. Finally, Robert W. Baird upped their price objective on AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, AECOM currently has an average rating of "Buy" and an average target price of $125.63.

AECOM Price Performance

Shares of NYSE:ACM traded up $7.01 during trading on Tuesday, reaching $118.95. 1,696,109 shares of the company traded hands, compared to its average volume of 884,390. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.00. AECOM has a 52 week low of $85.00 and a 52 week high of $121.73. The firm has a market capitalization of $15.74 billion, a PE ratio of 25.92, a PEG ratio of 1.81 and a beta of 0.99. The company's 50 day moving average is $112.63 and its two-hundred day moving average is $104.20.

AECOM (NYSE:ACM - Get Free Report) last posted its earnings results on Monday, August 4th. The construction company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.25 by $0.09. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $4.33 billion. AECOM had a return on equity of 28.70% and a net margin of 3.82%. The business's quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the company earned $1.16 earnings per share. As a group, sell-side analysts predict that AECOM will post 5.1 earnings per share for the current year.

AECOM Dividend Announcement

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

AECOM 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.