Burney Co. Makes New $418,000 Investment in AECOM (NYSE:ACM)

Key Points

• Burney Co. has acquired a new stake in AECOM (NYSE:ACM), purchasing 4,502 shares valued at approximately $418,000.
• AECOM reported earnings of $1.25 per share for the latest quarter, surpassing analysts' expectations of $1.15, alongside a 2.6% year-over-year revenue increase.
• Several analysts have raised their price targets for AECOM, with the average consensus target price now at $123.71, indicating continued market confidence in the company's performance.

Burney Co. purchased a new position in AECOM (NYSE:ACM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,502 shares of the construction company's stock, valued at approximately $418,000.

Several other institutional investors have also recently made changes to their positions in ACM. Norges Bank purchased a new position in AECOM in the fourth quarter worth $190,495,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in AECOM by 34.7% in the fourth 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 acquiring an additional 691,020 shares in the last quarter. Northern Trust Corp grew its position in AECOM by 53.5% in the fourth quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company's stock worth $177,844,000 after acquiring an additional 580,078 shares in the last quarter. Alliancebernstein L.P. grew its position in AECOM by 11.2% in the fourth quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company's stock worth $397,196,000 after acquiring an additional 373,991 shares in the last quarter. Finally, Sandhill Capital Partners LLC purchased a new position in AECOM in the fourth quarter worth $36,933,000. Institutional investors own 85.41% of the company's stock.

AECOM Trading Up 2.0%

Shares of NYSE ACM traded up $2.24 during midday trading on Friday, reaching $115.32. The company had a trading volume of 663,792 shares, compared to its average volume of 823,522. AECOM has a one year low of $84.75 and a one year high of $118.56. 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 firm's fifty day moving average price is $111.89 and its 200-day moving average price is $103.97. The stock has a market cap of $15.26 billion, a PE ratio of 25.12, a price-to-earnings-growth ratio of 1.87 and a beta of 0.96.

AECOM (NYSE:ACM - Get Free Report) last posted its earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share for the quarter, topping analysts' consensus estimates of $1.15 by $0.10. The company had revenue of $3.77 billion during 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%. AECOM's revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.04 earnings per share. On average, equities research analysts anticipate that AECOM will post 5.1 earnings per share for the current year.

AECOM Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ACM. Truist Financial cut their target price on shares of AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Robert W. Baird upped their target price on shares of AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Royal Bank Of Canada raised their price objective on AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. KeyCorp boosted their target price on AECOM from $120.00 to $129.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Finally, Citigroup boosted their target price on AECOM from $116.00 to $122.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $123.71.

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.