MQS Management LLC Takes $724,000 Position in AECOM (NYSE:ACM)

MQS Management LLC purchased a new position in AECOM (NYSE:ACM - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,810 shares of the construction company's stock, valued at approximately $724,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in AECOM in the fourth quarter worth about $35,000. Private Trust Co. NA increased its position in AECOM by 37.2% in the first quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock worth $38,000 after buying an additional 112 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in AECOM in the fourth quarter worth about $55,000. MassMutual Private Wealth & Trust FSB increased its position in AECOM by 148.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 592 shares of the construction company's stock worth $55,000 after buying an additional 354 shares in the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new stake in AECOM in the fourth quarter worth about $62,000. Hedge funds and other institutional investors own 85.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ACM. Truist Financial reduced 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. Robert W. Baird upped 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 increased their target price on AECOM from $116.00 to $122.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. KeyCorp cut their target price on AECOM from $121.00 to $109.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Royal Bank Of Canada increased their target price on AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $120.86.

AECOM Price Performance

AECOM stock traded down $1.18 during midday trading on Friday, reaching $114.46. 543,348 shares of the stock traded hands, compared to its average volume of 922,733. The stock's fifty day moving average is $110.26 and its 200-day moving average is $103.52. AECOM has a 12 month low of $84.75 and a 12 month high of $118.56. The stock has a market cap of $15.14 billion, a P/E ratio of 24.94, a PEG ratio of 1.85 and a beta of 0.96. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.00.

AECOM (NYSE:ACM - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The construction company reported $1.25 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.10. AECOM had a return on equity of 27.67% and a net margin of 3.85%. The company had revenue of $3.77 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same period in the prior year, the company earned $1.04 earnings per share. The firm's revenue was up 2.6% on a year-over-year basis. As a group, equities research analysts anticipate that AECOM will post 5.1 EPS for the current year.

AECOM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Wednesday, July 2nd will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Wednesday, July 2nd. AECOM's payout ratio is presently 22.66%.

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.