Bank of New York Mellon Corp Lowers Holdings in AECOM (NYSE:ACM)

Bank of New York Mellon Corp decreased its position in shares of AECOM (NYSE:ACM - Free Report) by 0.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,486,441 shares of the construction company's stock after selling 6,149 shares during the period. Bank of New York Mellon Corp owned approximately 1.12% of AECOM worth $137,838,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Prudential Financial Inc. grew its position in AECOM by 16.6% in the fourth quarter. Prudential Financial Inc. now owns 27,524 shares of the construction company's stock worth $2,940,000 after acquiring an additional 3,921 shares in the last quarter. Raymond James Financial Inc. purchased a new position in AECOM in the fourth quarter worth about $9,705,000. Proficio Capital Partners LLC purchased a new position in shares of AECOM during the fourth quarter valued at approximately $55,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of AECOM by 3.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,790 shares of the construction company's stock valued at $722,000 after buying an additional 286 shares during the period. Finally, Private Trust Co. NA boosted its position in shares of AECOM by 37.2% during the first quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock valued at $38,000 after buying an additional 112 shares during the period. Hedge funds and other institutional investors own 85.41% of the company's stock.

AECOM Stock Performance

Shares of ACM traded down $1.18 during trading hours on Friday, reaching $114.46. 543,348 shares of the company traded hands, compared to its average volume of 922,468. The stock has a market capitalization of $15.14 billion, a P/E ratio of 24.94, a P/E/G ratio of 1.87 and a beta of 0.96. 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 12-month low of $84.33 and a 12-month high of $118.56. The business has a fifty day moving average price of $110.02 and a 200-day moving average price of $103.51.

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

AECOM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Wednesday, July 2nd will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.91%. The ex-dividend date is Wednesday, July 2nd. AECOM's payout ratio is 22.66%.

Analyst Ratings Changes

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

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.