Ninety One SA PTY Ltd cut its position in shares of AECOM (NYSE:ACM - Free Report) by 9.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 59,994 shares of the construction company's stock after selling 6,342 shares during the quarter. AECOM makes up about 1.0% of Ninety One SA PTY Ltd's holdings, making the stock its 29th biggest position. Ninety One SA PTY Ltd's holdings in AECOM were worth $5,563,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ACM. Proficio Capital Partners LLC purchased a new position in AECOM in the fourth quarter valued at about $55,000. Smartleaf Asset Management LLC increased its holdings in AECOM by 24.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 731 shares of the construction company's stock worth $78,000 after acquiring an additional 143 shares during the period. Jones Financial Companies Lllp increased its holdings in AECOM by 821.4% during the 4th quarter. Jones Financial Companies Lllp now owns 645 shares of the construction company's stock worth $69,000 after acquiring an additional 575 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in AECOM by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 893,903 shares of the construction company's stock worth $95,487,000 after acquiring an additional 6,513 shares during the period. Finally, M&T Bank Corp increased its holdings in shares of AECOM by 5.5% in the 4th quarter. M&T Bank Corp now owns 7,316 shares of the construction company's stock worth $782,000 after buying an additional 380 shares during the last quarter. 85.41% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on ACM. Citigroup upped their price objective on shares of AECOM from $116.00 to $122.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. KeyCorp cut their target price on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Truist Financial cut their target price on shares of AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Royal Bank Of Canada upped their target price 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. Finally, Robert W. Baird boosted their price objective on shares of AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $120.86.
Check Out Our Latest Stock Analysis on ACM
AECOM Price Performance
Shares of ACM traded down $1.18 during mid-day trading on Friday, reaching $114.46. The stock had a trading volume of 543,348 shares, compared to its average volume of 922,098. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.15 and a current ratio of 1.15. The business has a fifty day moving average of $110.26 and a 200 day moving average of $103.55. AECOM has a 12 month low of $84.75 and a 12 month high of $118.56. The firm has a market cap of $15.14 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 1.87 and a beta of 0.96.
AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The construction company reported $1.25 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $4.18 billion. During the same quarter last year, the business earned $1.04 earnings per share. AECOM's quarterly revenue was up 2.6% compared to the same quarter last year. Equities analysts predict that AECOM will post 5.1 EPS for the current year.
AECOM Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Wednesday, July 2nd will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Wednesday, July 2nd. AECOM's dividend payout ratio is currently 22.66%.
AECOM Profile
(
Free Report)
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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