Millennium Management LLC Has $24.56 Million Stock Position in AECOM (NYSE:ACM)

Millennium Management LLC lowered its position in AECOM (NYSE:ACM - Free Report) by 62.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 229,883 shares of the construction company's stock after selling 389,109 shares during the quarter. Millennium Management LLC owned approximately 0.17% of AECOM worth $24,556,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Principal Securities Inc. raised its holdings in shares of AECOM by 95.9% in the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock worth $25,000 after buying an additional 116 shares in the last quarter. Allworth Financial LP increased its stake in shares of AECOM by 390.6% in the 4th quarter. Allworth Financial LP now owns 260 shares of the construction company's stock valued at $29,000 after buying an additional 207 shares during the period. National Pension Service acquired a new stake in shares of AECOM in the 4th quarter valued at $32,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of AECOM in the 4th quarter valued at $35,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in shares of AECOM in the 4th quarter valued at $51,000. Institutional investors own 85.41% of the company's stock.

AECOM Stock Up 0.1%

Shares of ACM traded up $0.15 during midday trading on Friday, hitting $107.52. The stock had a trading volume of 537,047 shares, compared to its average volume of 917,583. The company has a 50 day simple moving average of $97.95 and a two-hundred day simple moving average of $103.43. AECOM has a twelve month low of $82.23 and a twelve month high of $118.56. The firm has a market cap of $14.23 billion, a price-to-earnings ratio of 30.55, a price-to-earnings-growth ratio of 1.63 and a beta of 0.96. 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 released its quarterly earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter last year, the business posted $1.04 EPS. The company's revenue for the quarter was up 2.6% on a year-over-year basis. On average, analysts anticipate that AECOM will post 5.1 EPS for the current year.

AECOM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Wednesday, April 2nd. AECOM's dividend payout ratio is currently 22.66%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ACM shares. Citigroup lifted their target price on AECOM from $116.00 to $122.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Truist Financial reduced their price target on AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. KeyCorp reduced their price target on AECOM from $121.00 to $109.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Barclays lifted their target price on AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Finally, 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. Eight analysts have rated the stock with a buy rating, According to MarketBeat, AECOM currently has a consensus rating of "Buy" and a consensus price target of $120.86.

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.