Vest Financial LLC Purchases Shares of 25,996 AECOM (NYSE:ACM)

Vest Financial LLC acquired a new stake in shares of AECOM (NYSE:ACM - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,996 shares of the construction company's stock, valued at approximately $2,411,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Alliancebernstein L.P. lifted 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 worth $397,196,000 after buying an additional 373,991 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted 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 worth $286,305,000 after buying an additional 691,020 shares in the last quarter. Norges Bank purchased a new stake in shares of AECOM in the fourth quarter worth about $190,495,000. Northern Trust Corp lifted 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 worth $177,844,000 after buying an additional 580,078 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of 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 buying an additional 38,177 shares in the last quarter. 85.41% of the stock is owned by hedge funds and other institutional investors.

AECOM Price Performance

Shares of ACM stock traded up $0.76 during trading on Friday, hitting $111.40. The company had a trading volume of 505,886 shares, compared to its average volume of 909,833. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. The stock's 50-day moving average is $100.99 and its two-hundred day moving average is $103.46. The stock has a market capitalization of $14.74 billion, a price-to-earnings ratio of 31.65, a price-to-earnings-growth ratio of 1.63 and a beta of 0.97. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56.

AECOM (NYSE:ACM - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The construction company reported $1.25 earnings per share 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 company had revenue of $3.77 billion for the quarter, compared to analysts' expectations of $4.18 billion. During the same period in the prior year, the business earned $1.04 earnings per share. AECOM's revenue for the quarter was up 2.6% compared to the same quarter last year. As a group, analysts predict that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders 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 yield of 0.93%. The ex-dividend date is Wednesday, July 2nd. AECOM's payout ratio is currently 22.66%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ACM. Truist Financial lowered their price target on shares of AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Citigroup increased their price target on shares of AECOM from $116.00 to $122.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Robert W. Baird increased their price target on shares of AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Royal Bank of Canada upped their price objective on shares of AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, KeyCorp decreased their price objective on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $120.86.

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.