Banque Pictet & Cie SA Invests $328,000 in AECOM (NYSE:ACM)

Banque Pictet & Cie SA acquired a new stake in AECOM (NYSE:ACM - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,532 shares of the construction company's stock, valued at approximately $328,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ACM. Norges Bank acquired a new stake in shares of AECOM during the 4th quarter worth $190,495,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of AECOM by 34.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,258 shares of the construction company's stock worth $286,305,000 after purchasing an additional 691,020 shares in the last quarter. Northern Trust Corp grew its holdings in shares of AECOM by 53.5% during the 4th quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company's stock worth $177,844,000 after purchasing an additional 580,078 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of AECOM by 11.2% during the 4th quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company's stock worth $397,196,000 after purchasing an additional 373,991 shares in the last quarter. Finally, Sandhill Capital Partners LLC acquired a new stake in shares of AECOM during the 4th quarter worth $36,933,000. 85.41% of the stock is owned by institutional investors and hedge funds.

AECOM Trading Down 1.0%

AECOM stock traded down $1.18 during trading hours on Friday, hitting $114.46. The stock had a trading volume of 543,348 shares, compared to its average volume of 922,733. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.00. The stock has a market cap of $15.14 billion, a price-to-earnings ratio of 24.94, a P/E/G ratio of 1.85 and a beta of 0.96. AECOM has a one year low of $84.75 and a one year high of $118.56. The business's 50 day simple moving average is $110.26 and its 200-day simple moving average is $103.52.

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

AECOM Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have recently issued reports on ACM shares. Royal Bank Of Canada increased their target price on AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Citigroup upped their price objective on AECOM from $116.00 to $122.00 and gave the stock a "buy" rating in a research 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 research report on Tuesday, May 6th. Truist Financial dropped their price objective on AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, KeyCorp dropped their price objective on AECOM from $121.00 to $109.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target 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.