25,996 Shares in AECOM (NYSE:ACM) Acquired by Vest Financial LLC

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

Several other institutional investors and hedge funds have also made changes to their positions in ACM. Ranch Capital Advisors Inc. grew its position in shares of AECOM by 2.3% during the fourth quarter. Ranch Capital Advisors Inc. now owns 4,482 shares of the construction company's stock worth $479,000 after acquiring an additional 99 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in AECOM by 17.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 691 shares of the construction company's stock worth $74,000 after purchasing an additional 103 shares during the period. Principal Securities Inc. grew its position in AECOM by 95.9% during the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock worth $25,000 after purchasing an additional 116 shares during the last quarter. Ellevest Inc. increased its stake in AECOM by 2.2% in the fourth quarter. Ellevest Inc. now owns 5,820 shares of the construction company's stock valued at $622,000 after purchasing an additional 124 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in shares of AECOM by 24.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 731 shares of the construction company's stock valued at $78,000 after buying an additional 143 shares during the last quarter. 85.41% of the stock is owned by hedge funds and other institutional investors.

AECOM Price Performance

Shares of NYSE ACM traded up $0.83 during midday trading on Wednesday, hitting $111.86. The company had a trading volume of 406,639 shares, compared to its average volume of 906,936. AECOM has a twelve month low of $82.23 and a twelve month high of $118.56. 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 firm has a market capitalization of $14.80 billion, a price-to-earnings ratio of 31.76, a price-to-earnings-growth ratio of 1.63 and a beta of 0.97. The business has a 50-day simple moving average of $101.66 and a two-hundred day simple moving average of $103.42.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The construction company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.10. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $4.18 billion. AECOM had a return on equity of 26.84% and a net margin of 2.93%. AECOM's quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the business posted $1.04 EPS. Equities research analysts anticipate that AECOM will post 5.1 earnings per share for the current year.

AECOM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Wednesday, July 2nd will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 0.93%. AECOM's payout ratio is 22.66%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ACM shares. Royal Bank of Canada raised their price target on AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Truist Financial dropped their target price on AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Robert W. Baird increased their price target on AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. KeyCorp lowered 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. Finally, Citigroup upped 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. Eight research 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.

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.