GAMMA Investing LLC Has $13.66 Million Holdings in AECOM (NYSE:ACM)

GAMMA Investing LLC grew its stake in 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 acquiring an additional 145,820 shares during the period. GAMMA Investing LLC owned 0.11% of AECOM worth $13,664,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Securities Inc. boosted its position in AECOM by 95.9% during the fourth quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock valued at $25,000 after purchasing an additional 116 shares during the last quarter. Allworth Financial LP raised its stake in shares of AECOM by 390.6% during the 4th quarter. Allworth Financial LP now owns 260 shares of the construction company's stock worth $29,000 after purchasing an additional 207 shares in the last quarter. National Pension Service acquired a new stake in shares of AECOM in the 4th quarter valued at approximately $32,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of AECOM in the fourth quarter valued at $35,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in AECOM during the fourth quarter worth $51,000. Institutional investors and hedge funds own 85.41% of the company's stock.

AECOM Stock Performance

AECOM stock traded up $0.12 during trading hours on Tuesday, hitting $111.05. The company had a trading volume of 678,126 shares, compared to its average volume of 908,805. The firm has a 50-day moving average of $101.66 and a 200 day moving average of $103.42. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $14.69 billion, a PE ratio of 31.55, a PEG ratio of 1.63 and a beta of 0.97. AECOM has a one year low of $82.23 and a one year high of $118.56.

AECOM (NYSE:ACM - Get Free Report) last announced its earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share for the quarter, topping analysts' consensus estimates of $1.15 by $0.10. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $4.18 billion. AECOM had a return on equity of 26.84% and a net margin of 2.93%. The firm's quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.04 earnings per share. On average, sell-side analysts expect that AECOM will post 5.1 earnings per share for the current year.

AECOM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Wednesday, July 2nd will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Wednesday, July 2nd. AECOM's dividend payout ratio is currently 22.66%.

Wall Street Analyst Weigh In

A number of brokerages have commented on ACM. Royal Bank of Canada increased their price target on shares of 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 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. Robert W. Baird boosted their price target on AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Citigroup upped their price objective on AECOM from $116.00 to $122.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Finally, KeyCorp cut their price objective on AECOM from $121.00 to $109.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Eight 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 $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.