Ninety One North America Inc. Increases Stake in AECOM (NYSE:ACM)

Ninety One North America Inc. increased its stake in AECOM (NYSE:ACM - Free Report) by 15.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 124,805 shares of the construction company's stock after buying an additional 17,028 shares during the period. Ninety One North America Inc. owned 0.09% of AECOM worth $11,573,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Ranch Capital Advisors Inc. increased its stake in AECOM by 2.3% in the 4th quarter. Ranch Capital Advisors Inc. now owns 4,482 shares of the construction company's stock worth $479,000 after buying an additional 99 shares during the period. Brown Brothers Harriman & Co. increased its stake in AECOM by 17.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 691 shares of the construction company's stock worth $74,000 after buying an additional 103 shares during the period. Private Trust Co. NA increased its stake in AECOM by 37.2% in the 1st quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock worth $38,000 after buying an additional 112 shares during the period. Ellevest Inc. increased its stake in AECOM by 2.2% in the 4th quarter. Ellevest Inc. now owns 5,820 shares of the construction company's stock worth $622,000 after buying an additional 124 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in AECOM by 24.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 731 shares of the construction company's stock worth $78,000 after buying an additional 143 shares during the period. Hedge funds and other institutional investors own 85.41% of the company's stock.

Analysts Set New Price Targets

ACM has been the topic of several recent analyst reports. Royal Bank Of Canada raised their price target on shares of AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. KeyCorp dropped their target price on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Truist Financial dropped their target price on shares of AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Robert W. Baird increased their target price on shares of AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Finally, Citigroup increased their target price on shares of AECOM from $116.00 to $122.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM has a consensus rating of "Buy" and a consensus price target of $120.86.

AECOM Stock Down 0.3%

Shares of NYSE:ACM traded down $0.34 during trading on Tuesday, reaching $115.09. The stock had a trading volume of 853,708 shares, compared to its average volume of 926,021. AECOM has a one year low of $82.23 and a one year high of $118.56. The company has a market capitalization of $15.23 billion, a P/E ratio of 25.07, a PEG ratio of 1.87 and a beta of 0.96. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.00. The firm's 50-day simple moving average is $109.37 and its 200 day simple moving average is $103.37.

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, beating analysts' consensus estimates of $1.15 by $0.10. AECOM had a net margin of 3.85% and a return on equity of 27.67%. The business had revenue of $3.77 billion for the quarter, compared to analysts' expectations of $4.18 billion. During the same period last year, the business earned $1.04 EPS. The company's revenue was up 2.6% compared to the same quarter last year. As a group, research analysts expect that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Wednesday, July 2nd will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Wednesday, July 2nd. AECOM's dividend payout ratio is currently 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.