Focus Partners Wealth Makes New $415,000 Investment in AECOM (NYSE:ACM)

Focus Partners Wealth acquired a new position in shares of AECOM (NYSE:ACM - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,881 shares of the construction company's stock, valued at approximately $415,000.

Other hedge funds also recently modified their holdings of the company. Ellevest Inc. boosted its position in AECOM by 2.2% during the fourth quarter. Ellevest Inc. now owns 5,820 shares of the construction company's stock valued at $622,000 after purchasing an additional 124 shares during the last quarter. Ensign Peak Advisors Inc boosted its holdings in shares of AECOM by 2.4% in the 4th quarter. Ensign Peak Advisors Inc now owns 36,486 shares of the construction company's stock valued at $3,897,000 after buying an additional 858 shares during the last quarter. Ethic Inc. boosted its holdings in shares of AECOM by 9.1% in the 4th quarter. Ethic Inc. now owns 26,527 shares of the construction company's stock valued at $2,834,000 after buying an additional 2,214 shares during the last quarter. FORA Capital LLC bought a new position in shares of AECOM in the fourth quarter valued at $863,000. Finally, Deutsche Bank AG increased its holdings in AECOM by 9.8% during the fourth quarter. Deutsche Bank AG now owns 1,114,581 shares of the construction company's stock worth $119,060,000 after buying an additional 99,211 shares during the last quarter. Institutional investors own 85.41% of the company's stock.

AECOM Stock Performance

ACM traded up $0.15 on Friday, reaching $107.52. The company had a trading volume of 537,047 shares, compared to its average volume of 916,357. The stock has a market cap of $14.23 billion, a P/E ratio of 30.55, a P/E/G ratio of 1.63 and a beta of 0.96. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56. The company's fifty day moving average is $97.95 and its 200 day moving average is $103.56.

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

AECOM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Wednesday, April 2nd. AECOM's dividend payout ratio is 22.66%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Robert W. Baird upped their price target on shares of AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Truist Financial cut 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 boosted their price target on AECOM from $116.00 to $122.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. KeyCorp dropped their price objective on AECOM from $121.00 to $109.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Royal Bank of Canada raised their price objective on AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $119.00.

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.