New Age Alpha Advisors LLC Takes Position in AECOM (NYSE:ACM)

Key Points

• New Age Alpha Advisors LLC has acquired a new stake in AECOM, purchasing 14,412 shares valued at approximately $1.336 million.
• Analysts are optimistic about AECOM, with multiple firms raising their target price, including UBS Group and Bank of America, both rating the stock as a "buy."
• AECOM recently announced a quarterly dividend of $0.26 per share, signaling a current yield of 0.9%.

New Age Alpha Advisors LLC purchased a new stake in AECOM (NYSE:ACM - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 14,412 shares of the construction company's stock, valued at approximately $1,336,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Cordatus Wealth Management LLC increased its position in shares of AECOM by 3.7% in the first quarter. Cordatus Wealth Management LLC now owns 2,867 shares of the construction company's stock worth $266,000 after purchasing an additional 101 shares during the period. Private Trust Co. NA grew 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 valued at $38,000 after acquiring an additional 112 shares during the last quarter. Ellevest Inc. grew its position in AECOM by 2.2% in the fourth quarter. Ellevest Inc. now owns 5,820 shares of the construction company's stock valued at $622,000 after acquiring an additional 124 shares during the last quarter. Bessemer Group Inc. grew its position in AECOM by 0.5% in the fourth quarter. Bessemer Group Inc. now owns 30,959 shares of the construction company's stock valued at $3,307,000 after acquiring an additional 156 shares during the last quarter. Finally, Gateway Investment Advisers LLC grew its position in AECOM by 7.8% in the first quarter. Gateway Investment Advisers LLC now owns 2,196 shares of the construction company's stock valued at $204,000 after acquiring an additional 158 shares during the last quarter. Institutional investors own 85.41% of the company's stock.

AECOM Stock Down 0.6%

Shares of NYSE ACM traded down $0.77 during mid-day trading on Friday, hitting $118.44. 611,592 shares of the stock traded hands, compared to its average volume of 958,858. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.15 and a current ratio of 1.17. AECOM has a 52 week low of $85.00 and a 52 week high of $121.73. The company has a market cap of $15.69 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 1.76 and a beta of 0.99. The stock has a fifty day moving average price of $113.22 and a 200-day moving average price of $104.38.

AECOM (NYSE:ACM - Get Free Report) last released its earnings results on Monday, August 4th. The construction company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.25 by $0.09. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $4.33 billion. AECOM had a return on equity of 27.87% and a net margin of 3.82%. The company's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.16 earnings per share. Research analysts anticipate that AECOM will post 5.1 EPS for the current year.

AECOM Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Wednesday, July 2nd were paid a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, July 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. AECOM's dividend payout ratio is 22.66%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ACM shares. Robert W. Baird boosted their price target on AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Wall Street Zen raised AECOM from a "hold" rating to a "buy" rating in a research report on Saturday. UBS Group increased their price objective on AECOM from $126.00 to $139.00 and gave the stock a "buy" rating in a report on Wednesday. Citigroup reissued a "buy" rating and set a $137.00 price objective (up previously from $122.00) on shares of AECOM in a report on Monday, July 28th. Finally, Bank of America increased their price objective on AECOM from $112.50 to $124.00 and gave the stock a "buy" rating in a report on Tuesday. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, AECOM has a consensus rating of "Buy" and an average price target of $127.33.

AECOM Company 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.