Meeder Asset Management Inc. decreased its stake in shares of AECOM (NYSE:ACM - Free Report) by 26.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,347 shares of the construction company's stock after selling 4,371 shares during the period. Meeder Asset Management Inc.'s holdings in AECOM were worth $1,145,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its stake in shares of AECOM by 3.4% in the fourth quarter. American Century Companies Inc. now owns 17,242 shares of the construction company's stock worth $1,842,000 after purchasing an additional 571 shares in the last quarter. LPL Financial LLC lifted its position in shares of AECOM by 3.2% in the fourth quarter. LPL Financial LLC now owns 142,015 shares of the construction company's stock valued at $15,170,000 after acquiring an additional 4,400 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of AECOM by 16.6% in the fourth quarter. Prudential Financial Inc. now owns 27,524 shares of the construction company's stock worth $2,940,000 after acquiring an additional 3,921 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in AECOM by 10.8% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 99,672 shares of the construction company's stock valued at $10,740,000 after purchasing an additional 9,707 shares during the period. Finally, Brown Brothers Harriman & Co. raised its stake 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 purchasing an additional 103 shares during the period. Hedge funds and other institutional investors own 85.41% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on ACM shares. Robert W. Baird upped their target price 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. Royal Bank Of Canada raised their price target on AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Citigroup reissued a "buy" rating and issued a $137.00 target price (up from $122.00) on shares of AECOM in a report on Monday. KeyCorp upped their target price on shares of AECOM from $120.00 to $129.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Finally, Truist Financial dropped their price target on AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, AECOM presently has an average rating of "Buy" and an average price target of $125.86.
Check Out Our Latest Report on ACM
AECOM Stock Performance
Shares of ACM stock traded down $1.70 on Friday, hitting $111.04. The company had a trading volume of 1,067,314 shares, compared to its average volume of 999,341. AECOM has a twelve month low of $84.75 and a twelve month high of $118.56. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.00. The firm has a market cap of $14.69 billion, a P/E ratio of 24.19, a price-to-earnings-growth ratio of 1.82 and a beta of 0.96. The company has a 50-day moving average price of $112.17 and a 200-day moving average price of $104.10.
AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.10. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $4.18 billion. AECOM had a net margin of 3.85% and a return on equity of 27.67%. The company's revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.04 EPS. As a group, equities research analysts predict that AECOM will post 5.1 earnings per share for the current fiscal year.
AECOM Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Wednesday, July 2nd were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, July 2nd. AECOM's dividend payout ratio (DPR) is currently 22.66%.
AECOM Company Profile
(
Free Report)
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.
Further Reading
Before you consider AECOM, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AECOM wasn't on the list.
While AECOM currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
