GAMMA Investing LLC Grows Position in AECOM (NYSE:ACM)

GAMMA Investing LLC raised its position in shares of AECOM (NYSE:ACM - Free Report) by 9,543.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,348 shares of the construction company's stock after buying an additional 145,820 shares during the quarter. GAMMA Investing LLC owned about 0.11% of AECOM worth $13,664,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Ranch Capital Advisors Inc. grew its holdings in AECOM by 2.3% during the 4th quarter. Ranch Capital Advisors Inc. now owns 4,482 shares of the construction company's stock valued at $479,000 after buying an additional 99 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings in AECOM by 17.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 691 shares of the construction company's stock valued at $74,000 after buying an additional 103 shares in the last quarter. Principal Securities Inc. grew its holdings in AECOM by 95.9% during the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock valued at $25,000 after buying an additional 116 shares in the last quarter. Ellevest Inc. grew its holdings in AECOM by 2.2% during the 4th quarter. Ellevest Inc. now owns 5,820 shares of the construction company's stock valued at $622,000 after buying an additional 124 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in AECOM by 24.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 731 shares of the construction company's stock valued at $78,000 after buying an additional 143 shares in the last quarter. Hedge funds and other institutional investors own 85.41% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ACM. Royal Bank of Canada lifted their target price on AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. 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. 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. KeyCorp dropped their target price on AECOM from $121.00 to $109.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, Citigroup lifted their target price on AECOM from $116.00 to $122.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, AECOM has an average rating of "Buy" and an average price target of $120.86.

AECOM Price Performance

Shares of ACM stock opened at $111.40 on Friday. AECOM has a 52-week low of $82.23 and a 52-week 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. The firm has a market capitalization of $14.74 billion, a P/E ratio of 31.65, a P/E/G ratio of 1.63 and a beta of 0.97. The stock has a 50 day moving average price of $100.99 and a 200 day moving average price of $103.51.

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, 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 firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same period last year, the company earned $1.04 EPS. AECOM's quarterly revenue was up 2.6% compared to the same quarter last year. As a group, sell-side analysts predict that AECOM will post 5.1 earnings per share for the current year.

AECOM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Wednesday, July 2nd will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Wednesday, July 2nd. AECOM's dividend payout ratio (DPR) is presently 22.66%.

AECOM 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.

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