AECOM (NYSE:ACM) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its holdings in AECOM (NYSE:ACM - Free Report) by 27.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,995 shares of the construction company's stock after buying an additional 2,799 shares during the quarter. PNC Financial Services Group Inc.'s holdings in AECOM were worth $1,205,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. TCTC Holdings LLC raised its stake in shares of AECOM by 120.3% in the first quarter. TCTC Holdings LLC now owns 304 shares of the construction company's stock worth $28,000 after purchasing an additional 166 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of AECOM in the fourth quarter worth about $35,000. Private Trust Co. NA raised its stake in shares of AECOM by 37.2% in the first quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock worth $38,000 after purchasing an additional 112 shares during the last quarter. Eastern Bank purchased a new position in shares of AECOM in the first quarter worth about $49,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of AECOM by 148.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 592 shares of the construction company's stock worth $55,000 after purchasing an additional 354 shares during the last quarter. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

AECOM Price Performance

ACM traded down $1.79 during trading on Thursday, hitting $120.23. The company's stock had a trading volume of 390,932 shares, compared to its average volume of 991,535. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. AECOM has a twelve month low of $85.00 and a twelve month high of $122.04. The business's fifty day simple moving average is $113.84 and its 200 day simple moving average is $104.66. The firm has a market capitalization of $15.92 billion, a price-to-earnings ratio of 26.19, a P/E/G ratio of 1.79 and a beta of 0.99.

AECOM (NYSE:ACM - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The construction company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.25 by $0.09. AECOM had a return on equity of 27.87% and a net margin of 3.82%. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same period last year, the company earned $1.16 earnings per share. AECOM's quarterly revenue was up 6.2% compared to the same quarter last year. On average, equities research analysts forecast that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

The company also recently declared 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 payout ratio is currently 22.66%.

Analysts Set New Price Targets

ACM has been the subject of several research analyst reports. Wall Street Zen upgraded AECOM from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Bank of America raised their target price on AECOM from $112.50 to $124.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. KeyCorp raised their target price on AECOM from $129.00 to $131.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Robert W. Baird raised their target price on AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Finally, Citigroup reaffirmed a "buy" rating and set a $137.00 target price (up from $122.00) on shares of AECOM in a report on Monday, July 28th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, AECOM has a consensus rating of "Buy" and an average target price of $128.44.

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.