Davis R M Inc. Purchases Shares of 2,500 AECOM (NYSE:ACM)

Key Points

• Davis R M Inc. acquired 2,500 shares of AECOM in Q1, totaling approximately $232,000, reflecting increasing interest among institutional investors.
• AECOM's recent earnings report showed an EPS of $1.25, beating estimates, although revenue was slightly below expectations at $3.77 billion.
• Brokerages have raised their price targets for AECOM, with the average target now at $125.86 and a consensus rating of "Buy" among analysts.

Davis R M Inc. acquired a new position in shares of AECOM (NYSE:ACM - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,500 shares of the construction company's stock, valued at approximately $232,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ACM. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of AECOM by 34.7% during 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 buying an additional 691,020 shares during the period. Northern Trust Corp lifted 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 purchasing an additional 580,078 shares during the period. Sandhill Capital Partners LLC acquired a new stake in AECOM in the fourth quarter worth approximately $36,933,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in AECOM in the fourth quarter worth approximately $16,957,000. Finally, GAMMA Investing LLC lifted its position in AECOM by 9,543.2% in the first quarter. GAMMA Investing LLC now owns 147,348 shares of the construction company's stock worth $13,664,000 after purchasing an additional 145,820 shares during the period. 85.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada upped 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. Robert W. Baird upped their price target on AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Truist Financial dropped their price target on AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. KeyCorp upped their price target on AECOM from $120.00 to $129.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Finally, Citigroup reaffirmed a "buy" rating and issued a $137.00 price target (up previously from $122.00) on shares of AECOM in a report on Monday, July 28th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $125.86.

AECOM Stock Up 0.8%

NYSE:ACM traded up $0.93 during trading hours on Monday, hitting $112.01. 1,015,850 shares of the stock traded hands, compared to its average volume of 864,848. The firm has a 50 day moving average price of $112.44 and a 200 day moving average price of $104.10. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.00. AECOM has a fifty-two week low of $84.75 and a fifty-two week high of $118.56. The firm has a market cap of $14.82 billion, a price-to-earnings ratio of 24.40, a PEG ratio of 1.80 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 for the quarter, topping analysts' consensus estimates of $1.25 by $0.09. AECOM had a net margin of 3.85% and a return on equity of 27.67%. During the same period in the prior year, the firm earned $1.16 EPS. AECOM's revenue for the quarter was up 6.2% on a year-over-year basis. Equities research analysts anticipate that AECOM will post 5.1 earnings per share for the current year.

AECOM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Wednesday, July 2nd were issued a $0.26 dividend. The ex-dividend date was Wednesday, July 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. AECOM's dividend payout ratio is currently 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.