Millennium Management LLC Sells 389,109 Shares of AECOM (NYSE:ACM)

Millennium Management LLC lessened its position in shares of AECOM (NYSE:ACM - Free Report) by 62.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 229,883 shares of the construction company's stock after selling 389,109 shares during the period. Millennium Management LLC owned approximately 0.17% of AECOM worth $24,556,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ACM. Principal Securities Inc. lifted its holdings in AECOM by 95.9% during the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock worth $25,000 after purchasing an additional 116 shares during the last quarter. Allworth Financial LP increased its position in 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 buying an additional 207 shares during the period. National Pension Service acquired a new stake in shares of AECOM during the fourth quarter worth $32,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of AECOM in the fourth quarter valued at about $35,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in shares of AECOM in the fourth quarter valued at about $51,000. Institutional investors and hedge funds own 85.41% of the company's stock.

Wall Street Analysts Forecast Growth

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

AECOM Stock Down 0.4%

NYSE ACM opened at $108.91 on Tuesday. The business has a fifty day moving average price of $96.92 and a two-hundred day moving average price of $103.51. The stock has a market capitalization of $14.41 billion, a PE ratio of 30.94, a PEG ratio of 1.63 and a beta of 0.96. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14.

AECOM (NYSE:ACM - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The construction company reported $1.25 EPS for the quarter, topping analysts' consensus estimates of $1.15 by $0.10. The company had revenue of $3.77 billion during the quarter, compared to analysts' expectations of $4.18 billion. AECOM had a return on equity of 26.84% and a net margin of 2.93%. AECOM's revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.04 EPS. Equities analysts expect 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 Thursday, April 17th. Investors of record on Wednesday, April 2nd were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Wednesday, April 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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