Central Bank & Trust Co. Has $6.30 Million Stake in AECOM (NYSE:ACM)

Central Bank & Trust Co. reduced its holdings in AECOM (NYSE:ACM - Free Report) by 5.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 67,974 shares of the construction company's stock after selling 4,077 shares during the period. Central Bank & Trust Co. owned 0.05% of AECOM worth $6,303,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Securities Inc. increased its position in shares of AECOM by 95.9% in the fourth quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock valued at $25,000 after acquiring an additional 116 shares during the last quarter. Allworth Financial LP grew its stake in AECOM by 390.6% in the fourth quarter. Allworth Financial LP now owns 260 shares of the construction company's stock valued at $29,000 after purchasing an additional 207 shares in the last quarter. National Pension Service bought a new position in AECOM in the fourth quarter valued at approximately $32,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of AECOM during the 4th quarter worth approximately $35,000. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of AECOM during the 4th quarter worth approximately $51,000. 85.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ACM has been the subject of several analyst reports. Truist Financial decreased their target price 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. Citigroup lifted their price objective on shares of AECOM from $116.00 to $122.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Robert W. Baird upped their target price on shares of AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. KeyCorp cut their target price 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, Royal Bank of Canada raised their price target on AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $120.86.

AECOM Stock Performance

Shares of NYSE:ACM traded up $0.76 during trading on Friday, reaching $111.40. 505,886 shares of the stock were exchanged, compared to its average volume of 909,833. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56. The stock has a 50-day moving average price of $100.99 and a 200-day moving average price of $103.46. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. The firm has a market cap of $14.74 billion, a PE ratio of 31.65, a PEG ratio of 1.63 and a beta of 0.97.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.10. AECOM had a return on equity of 26.84% and a net margin of 2.93%. The business had revenue of $3.77 billion during the quarter, compared to analysts' expectations of $4.18 billion. During the same period last year, the firm posted $1.04 EPS. The firm's revenue for the quarter was up 2.6% compared to the same quarter last year. Research analysts expect that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.93%. AECOM's payout ratio is presently 22.66%.

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.