DekaBank Deutsche Girozentrale Has $44.24 Million Position in AECOM (NYSE:ACM)

DekaBank Deutsche Girozentrale reduced its stake in AECOM (NYSE:ACM - Free Report) by 33.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 481,769 shares of the construction company's stock after selling 240,640 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.36% of AECOM worth $44,237,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Brown Advisory Inc. increased its position in shares of AECOM by 32.7% during the first quarter. Brown Advisory Inc. now owns 3,956 shares of the construction company's stock valued at $367,000 after purchasing an additional 975 shares during the period. Ninety One North America Inc. boosted its holdings in AECOM by 15.8% in the first quarter. Ninety One North America Inc. now owns 124,805 shares of the construction company's stock valued at $11,573,000 after acquiring an additional 17,028 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in AECOM by 40.2% in the first quarter. Envestnet Asset Management Inc. now owns 152,464 shares of the construction company's stock valued at $14,138,000 after acquiring an additional 43,706 shares during the last quarter. Olde Wealth Management LLC bought a new position in AECOM during the first quarter worth about $77,000. Finally, OneDigital Investment Advisors LLC acquired a new stake in shares of AECOM in the 1st quarter valued at approximately $256,000. 85.41% of the stock is owned by institutional investors.

AECOM Stock Down 0.3%

ACM stock opened at $115.09 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market capitalization of $15.23 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 1.87 and a beta of 0.96. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56. The stock has a fifty day moving average of $109.37 and a 200-day moving average of $103.37.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.10. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $4.18 billion. AECOM had a return on equity of 27.67% and a net margin of 3.85%. The company's revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the company posted $1.04 EPS. As a group, equities research analysts predict that AECOM will post 5.1 earnings per share for the current year.

AECOM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Wednesday, July 2nd will be issued a $0.26 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 0.90%. AECOM's dividend payout ratio (DPR) is 22.66%.

Wall Street Analysts Forecast Growth

Several analysts have commented on ACM shares. KeyCorp dropped their target price on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Citigroup raised their target price on shares of AECOM from $116.00 to $122.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Royal Bank Of Canada lifted their price objective on shares of AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Truist Financial dropped their target price on AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Robert W. Baird lifted their target price on AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $120.86.

About AECOM

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.

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