Park Avenue Securities LLC grew its holdings in shares of AECOM (NYSE:ACM - Free Report) by 34.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,752 shares of the construction company's stock after purchasing an additional 2,513 shares during the quarter. Park Avenue Securities LLC's holdings in AECOM were worth $904,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the business. UMB Bank n.a. boosted its position in AECOM by 126.7% during the first quarter. UMB Bank n.a. now owns 1,605 shares of the construction company's stock worth $149,000 after acquiring an additional 897 shares during the last quarter. Gateway Investment Advisers LLC lifted its stake in AECOM by 7.8% in the 1st quarter. Gateway Investment Advisers LLC now owns 2,196 shares of the construction company's stock worth $204,000 after purchasing an additional 158 shares in the last quarter. Vest Financial LLC acquired a new position in shares of AECOM during the 1st quarter worth approximately $2,411,000. Somerset Trust Co grew its position in shares of AECOM by 29.8% in the first quarter. Somerset Trust Co now owns 4,690 shares of the construction company's stock valued at $435,000 after purchasing an additional 1,076 shares in the last quarter. Finally, Rothschild Investment LLC increased its holdings in shares of AECOM by 56.3% in the first quarter. Rothschild Investment LLC now owns 1,180 shares of the construction company's stock valued at $109,000 after purchasing an additional 425 shares during the last quarter. Hedge funds and other institutional investors own 85.41% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have weighed in on ACM. Royal Bank of Canada boosted their price objective on AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Robert W. Baird boosted their price target on shares of AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Citigroup raised their price objective on shares of AECOM from $116.00 to $122.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. KeyCorp decreased 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. Finally, Truist Financial dropped their price target on shares of AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, AECOM has an average rating of "Buy" and a consensus target price of $120.86.
Get Our Latest Stock Analysis on AECOM
AECOM Trading Up 1.0%
ACM stock traded up $1.08 during mid-day trading on Monday, hitting $113.07. 882,583 shares of the company were exchanged, compared to its average volume of 907,951. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56. The firm has a market capitalization of $14.96 billion, a P/E ratio of 32.12, a PEG ratio of 1.63 and a beta of 0.97. The business has a fifty day simple moving average of $103.63 and a 200-day simple moving average of $103.20. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02.
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 the consensus estimate of $1.15 by $0.10. AECOM had a net margin of 2.93% and a return on equity of 26.84%. The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same period in the prior year, the business posted $1.04 EPS. The business's revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities research analysts predict that AECOM will post 5.1 earnings per share for the current fiscal year.
AECOM Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Wednesday, July 2nd will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.04 annualized dividend and a dividend yield of 0.92%. AECOM's dividend payout ratio is presently 22.66%.
AECOM Company 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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