S Bank Fund Management Ltd Takes Position in AECOM (NYSE:ACM)

Key Points

• S Bank Fund Management Ltd has acquired a new position in AECOM, buying 20,622 shares valued at approximately $1.91 million.
• Several institutional investors, including Nuveen LLC and CitiGroup Inc., have significantly increased their stakes in AECOM, showcasing strong institutional interest in the company.
• Analysts have a consensus rating of "Buy" for AECOM, with target prices ranging from $124.00 to $137.00, reflecting positive market sentiment for the construction company.

S Bank Fund Management Ltd bought a new position in AECOM (NYSE:ACM - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 20,622 shares of the construction company's stock, valued at approximately $1,912,000.

Other hedge funds have also added to or reduced their stakes in the company. TCTC Holdings LLC boosted its holdings in 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 acquiring an additional 166 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. bought a new stake in AECOM in the fourth quarter worth $35,000. Private Trust Co. NA boosted its holdings in 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 acquiring an additional 112 shares in the last quarter. National Pension Service boosted its holdings in AECOM by 75.0% in the first quarter. National Pension Service now owns 525 shares of the construction company's stock worth $49,000 after acquiring an additional 225 shares in the last quarter. Finally, Eastern Bank bought a new stake in AECOM in the first quarter worth $49,000. 85.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on ACM. Bank of America boosted 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. Barclays boosted their price target on AECOM from $120.00 to $130.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 12th. Wall Street Zen upgraded AECOM from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. UBS Group boosted their price target on AECOM from $126.00 to $139.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, KeyCorp boosted their price target on AECOM from $129.00 to $131.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $128.44.

AECOM Stock Performance

ACM traded down $0.73 during midday trading on Friday, reaching $119.39. The company had a trading volume of 519,242 shares, compared to its average volume of 938,251. The company has a market cap of $15.81 billion, a P/E ratio of 26.01, a P/E/G ratio of 1.77 and a beta of 0.99. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. The business has a 50-day moving average of $114.19 and a two-hundred day moving average of $104.85. AECOM has a 1 year low of $85.00 and a 1 year high of $122.04.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The construction company reported $1.34 earnings per share for the quarter, topping analysts' consensus estimates of $1.25 by $0.09. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $4.33 billion. AECOM had a return on equity of 27.87% and a net margin of 3.82%. The business's quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.16 earnings per share. As a group, equities research analysts predict that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Wednesday, July 2nd were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, July 2nd. AECOM's dividend payout ratio (DPR) is presently 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.