3,881 Shares in AECOM (NYSE:ACM) Bought by Focus Partners Wealth

Focus Partners Wealth acquired a new position in AECOM (NYSE:ACM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,881 shares of the construction company's stock, valued at approximately $415,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ACM. Norges Bank purchased a new stake in shares of AECOM in the fourth quarter valued at $190,495,000. Northern Trust Corp raised its position in AECOM by 53.5% during the fourth quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company's stock valued at $177,844,000 after buying an additional 580,078 shares during the period. Alliancebernstein L.P. raised its position in AECOM by 11.2% during the fourth quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company's stock valued at $397,196,000 after buying an additional 373,991 shares during the period. Sandhill Capital Partners LLC purchased a new stake in AECOM in the 4th quarter worth about $36,933,000. Finally, Schonfeld Strategic Advisors LLC boosted its position in AECOM by 2,169.6% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 140,649 shares of the construction company's stock worth $15,024,000 after acquiring an additional 134,452 shares during the period. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ACM has been the topic of several research analyst reports. Robert W. Baird lifted their target price on AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Truist Financial decreased their price target on shares of AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. KeyCorp lowered their price objective on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Royal Bank of Canada increased their target price 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. Finally, Citigroup lifted 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. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $120.86.

AECOM Stock Up 0.1%

Shares of AECOM stock traded up $0.15 during trading on Monday, hitting $107.52. 537,047 shares of the stock traded hands, compared to its average volume of 917,583. The stock has a market cap of $14.23 billion, a P/E ratio of 30.55, a PEG ratio of 1.63 and a beta of 0.96. The company has a fifty day moving average price of $98.18 and a two-hundred day moving average price of $103.41. AECOM has a twelve month low of $82.23 and a twelve month high of $118.56. 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 (NYSE:ACM - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The construction company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.10. The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $4.18 billion. AECOM had a net margin of 2.93% and a return on equity of 26.84%. The company's revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.04 earnings per share. Equities research analysts predict that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

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