8,726 Shares in AECOM (NYSE:ACM) Acquired by CCM Investment Group LLC

Key Points

• CCM Investment Group LLC purchased a new stake in AECOM (NYSE:ACM), acquiring 8,726 shares valued at approximately $808,000 in the first quarter.
• A number of hedge funds recently increased their positions in AECOM, indicating strong institutional interest as 85.41% of the stock is owned by institutional investors.
• AECOM's stock has received multiple "buy" ratings from analysts, with target prices ranging from $124.00 to $139.00, reflecting confidence in the company's future performance.

CCM Investment Group LLC purchased a new position in shares of AECOM (NYSE:ACM - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 8,726 shares of the construction company's stock, valued at approximately $808,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Nuveen LLC purchased a new position in shares of AECOM during the first quarter worth about $78,900,000. King Luther Capital Management Corp grew its holdings in shares of AECOM by 7.3% during the first quarter. King Luther Capital Management Corp now owns 38,979 shares of the construction company's stock worth $3,615,000 after buying an additional 2,639 shares during the last quarter. Virtu Financial LLC grew its holdings in shares of AECOM by 79.3% during the first quarter. Virtu Financial LLC now owns 5,425 shares of the construction company's stock worth $503,000 after buying an additional 2,399 shares during the last quarter. Entropy Technologies LP purchased a new position in shares of AECOM during the first quarter worth about $2,071,000. Finally, Covestor Ltd grew its holdings in shares of AECOM by 383.9% during the first quarter. Covestor Ltd now owns 900 shares of the construction company's stock worth $83,000 after buying an additional 714 shares during the last quarter. Hedge funds and other institutional investors own 85.41% of the company's stock.

AECOM Price Performance

Shares of ACM stock traded up $1.10 during midday trading on Wednesday, reaching $121.98. 829,915 shares of the company traded hands, compared to its average volume of 955,038. The firm's 50 day simple moving average is $113.84 and its two-hundred day simple moving average is $104.66. AECOM has a 1-year low of $85.00 and a 1-year high of $122.04. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market cap of $16.16 billion, a PE ratio of 26.58, a price-to-earnings-growth ratio of 1.79 and a beta of 0.99.

AECOM (NYSE:ACM - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.25 by $0.09. AECOM had a net margin of 3.82% and a return on equity of 27.87%. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same period last year, the firm earned $1.16 EPS. The company's revenue for the quarter was up 6.2% on a year-over-year basis. On average, equities research analysts expect that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

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

Analyst Ratings Changes

A number of research firms recently issued reports on ACM. KeyCorp raised their price target on AECOM from $129.00 to $131.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Bank of America raised their price objective on shares of AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Royal Bank Of Canada raised their price objective on shares of AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Robert W. Baird raised their price objective on shares of AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Finally, Citigroup restated a "buy" rating and issued a $137.00 price objective (up previously from $122.00) on shares of AECOM in a research report on Monday, July 28th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $128.44.

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.