Oppenheimer & Co. Inc. raised its holdings in shares of AECOM (NYSE:ACM - Free Report) by 63.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,657 shares of the construction company's stock after buying an additional 6,100 shares during the period. Oppenheimer & Co. Inc.'s holdings in AECOM were worth $1,452,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the business. Norges Bank purchased a new stake in shares of AECOM in the fourth quarter valued at approximately $190,495,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of AECOM by 34.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,258 shares of the construction company's stock valued at $286,305,000 after purchasing an additional 691,020 shares during the period. Northern Trust Corp boosted its holdings in shares of AECOM by 53.5% in the fourth quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company's stock valued at $177,844,000 after purchasing an additional 580,078 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of AECOM by 11.2% in the fourth quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company's stock valued at $397,196,000 after purchasing an additional 373,991 shares during the period. Finally, Sandhill Capital Partners LLC purchased a new stake in shares of AECOM in the fourth quarter valued at approximately $36,933,000. Hedge funds and other institutional investors own 85.41% of the company's stock.
Analyst Ratings Changes
A number of analysts recently issued reports on ACM shares. Citigroup boosted their price target on AECOM from $116.00 to $122.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Royal Bank Of Canada boosted their price target on AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. KeyCorp lowered their price target on AECOM from $121.00 to $109.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Truist Financial lowered their price target on AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Robert W. Baird boosted their price target on AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, AECOM currently has a consensus rating of "Buy" and a consensus price target of $120.86.
Check Out Our Latest Analysis on AECOM
AECOM Stock Up 0.6%
NYSE:ACM traded up $0.63 during trading hours on Friday, reaching $112.84. The company's stock had a trading volume of 1,045,540 shares, compared to its average volume of 929,848. The company has a market capitalization of $14.93 billion, a P/E ratio of 24.58, a price-to-earnings-growth ratio of 1.82 and a beta of 0.97. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56. 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 stock has a 50 day moving average price of $106.75 and a two-hundred day moving average price of $103.18.
AECOM (NYSE:ACM - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The construction company reported $1.25 EPS for the quarter, topping analysts' consensus estimates of $1.15 by $0.10. The company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $4.18 billion. AECOM had a net margin of 3.85% and a return on equity of 27.67%. AECOM's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.04 earnings per share. Equities analysts predict that AECOM will post 5.1 EPS for the current fiscal year.
AECOM Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Wednesday, July 2nd will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Wednesday, July 2nd. AECOM's payout ratio is presently 22.66%.
About AECOM
(
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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