Federated Hermes Inc. Trims Stake in AECOM (NYSE:ACM)

Key Points

• Federated Hermes Inc. reduced its holdings in AECOM by 4.7%, owning 95,162 shares worth approximately $8.8 million at the end of the first quarter.
• Several large investors increased their positions in AECOM, with TCTC Holdings LLC boosting its stake by 120.3% during the same period.
• Wall Street analysts maintain a positive outlook on AECOM, with a consensus rating of "Buy" and a target price averaging $125.86.

Federated Hermes Inc. lowered its position in shares of AECOM (NYSE:ACM - Free Report) by 4.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 95,162 shares of the construction company's stock after selling 4,707 shares during the quarter. Federated Hermes Inc. owned about 0.07% of AECOM worth $8,824,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ACM. TCTC Holdings LLC raised its position in AECOM by 120.3% in the 1st quarter. TCTC Holdings LLC now owns 304 shares of the construction company's stock worth $28,000 after buying an additional 166 shares during the last quarter. Ramirez Asset Management Inc. purchased a new position in AECOM in the 1st quarter worth about $93,000. LPL Financial LLC grew its stake in shares of AECOM by 31.9% during the 1st quarter. LPL Financial LLC now owns 187,380 shares of the construction company's stock valued at $17,376,000 after purchasing an additional 45,365 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of AECOM by 9.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 84,051 shares of the construction company's stock valued at $7,794,000 after purchasing an additional 7,028 shares during the period. Finally, TD Asset Management Inc grew its stake in shares of AECOM by 2.3% during the 1st quarter. TD Asset Management Inc now owns 15,355 shares of the construction company's stock valued at $1,424,000 after purchasing an additional 338 shares during the period. Hedge funds and other institutional investors own 85.41% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on ACM. Robert W. Baird boosted their price target on AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. KeyCorp boosted their price target on AECOM from $120.00 to $129.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Royal Bank Of Canada boosted their price target on AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Truist Financial cut their price objective on AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Citigroup reiterated a "buy" rating and set a $137.00 price objective (up from $122.00) on shares of AECOM in a research note on Monday, July 28th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $125.86.

AECOM Stock Up 0.8%

NYSE ACM traded up $0.93 during trading on Monday, hitting $112.01. The company's stock had a trading volume of 1,015,850 shares, compared to its average volume of 864,848. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market cap of $14.82 billion, a PE ratio of 22.26, a P/E/G ratio of 1.80 and a beta of 0.99. The business's 50 day simple moving average is $112.44 and its 200-day simple moving average is $104.10. AECOM has a fifty-two week low of $84.75 and a fifty-two week high of $118.56.

AECOM (NYSE:ACM - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.09. AECOM had a return on equity of 27.67% and a net margin of 3.85%. The business's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.16 earnings per share. On average, equities analysts anticipate that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

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

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.