Universal Beteiligungs und Servicegesellschaft mbH Boosts Stock Position in AECOM (NYSE:ACM)

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in AECOM (NYSE:ACM - Free Report) by 37.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 218,487 shares of the construction company's stock after purchasing an additional 59,743 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.16% of AECOM worth $20,260,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ACM. Alliancebernstein L.P. boosted its position in shares of AECOM by 11.2% during the 4th quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company's stock valued at $397,196,000 after acquiring an additional 373,991 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in AECOM by 34.7% during the 4th 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 buying an additional 691,020 shares during the period. Norges Bank purchased a new stake in AECOM during the 4th quarter valued at $190,495,000. Northern Trust Corp increased its stake in AECOM by 53.5% in the fourth quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company's stock worth $177,844,000 after purchasing an additional 580,078 shares during the period. Finally, FMR LLC increased its stake in AECOM by 2.9% in the fourth quarter. FMR LLC now owns 1,360,510 shares of the construction company's stock worth $145,330,000 after purchasing an additional 38,177 shares during the period. 85.41% of the stock is currently owned by institutional investors.

AECOM Stock Up 2.0%

NYSE ACM traded up $2.24 during trading on Friday, hitting $115.32. The company's stock had a trading volume of 663,792 shares, compared to its average volume of 1,007,100. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market cap of $15.26 billion, a PE ratio of 25.12, a P/E/G ratio of 1.84 and a beta of 0.96. The business's 50 day simple moving average is $111.77 and its 200-day simple moving average is $103.91. AECOM has a fifty-two week low of $84.75 and a fifty-two week high of $118.56.

AECOM (NYSE:ACM - Get Free Report) last released its earnings results on Monday, May 5th. The construction company reported $1.25 EPS for the quarter, topping analysts' consensus estimates of $1.15 by $0.10. AECOM had a return on equity of 27.67% and a net margin of 3.85%. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter in the previous year, the company posted $1.04 earnings per share. The company's revenue was up 2.6% compared to the same quarter last year. On average, equities analysts anticipate that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Wednesday, July 2nd were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend was Wednesday, July 2nd. AECOM's dividend payout ratio is currently 22.66%.

Analysts Set New Price Targets

A number of research firms have weighed in on ACM. Truist Financial reduced their target price on AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Citigroup raised their price target on AECOM from $116.00 to $122.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Robert W. Baird raised their price target on AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. KeyCorp raised their price target on AECOM from $120.00 to $129.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Finally, Royal Bank Of Canada raised their price target on AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, AECOM currently has an average rating of "Buy" and an average price target of $123.71.

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.