Central Bank & Trust Co. Cuts Stock Position in AECOM (NYSE:ACM)

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

Several other hedge funds also recently bought and sold shares of the stock. Principal Securities Inc. lifted its holdings in shares of AECOM by 95.9% in the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock worth $25,000 after acquiring an additional 116 shares during the last quarter. Allworth Financial LP lifted its stake in AECOM by 390.6% during the 4th quarter. Allworth Financial LP now owns 260 shares of the construction company's stock worth $29,000 after acquiring an additional 207 shares in the last quarter. National Pension Service purchased a new position in shares of AECOM in the fourth quarter valued at approximately $32,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of AECOM during the fourth quarter worth $35,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in shares of AECOM during the fourth quarter worth about $51,000. Hedge funds and other institutional investors own 85.41% of the company's stock.

Analyst Upgrades and Downgrades

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

AECOM Stock Performance

Shares of ACM stock traded up $1.12 during trading hours on Wednesday, hitting $112.15. The stock had a trading volume of 636,898 shares, compared to its average volume of 907,722. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $14.84 billion, a PE ratio of 31.86, a PEG ratio of 1.63 and a beta of 0.97. The stock's 50 day moving average is $101.66 and its 200 day moving average is $103.42. AECOM has a twelve month low of $82.23 and a twelve month high of $118.56.

AECOM (NYSE:ACM - Get Free Report) last issued its quarterly 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. AECOM had a net margin of 2.93% and a return on equity of 26.84%. The firm had revenue of $3.77 billion during the quarter, compared to analysts' expectations of $4.18 billion. During the same quarter in the prior year, the business earned $1.04 EPS. AECOM's quarterly revenue was up 2.6% compared to the same quarter last year. As a group, research analysts forecast that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Wednesday, July 2nd will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Wednesday, July 2nd. AECOM's dividend payout ratio is currently 22.66%.

AECOM 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.