Virtus Investment Advisers Inc. acquired a new stake in shares of AECOM (NYSE:ACM - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 10,627 shares of the construction company's stock, valued at approximately $1,135,000. AECOM accounts for about 0.9% of Virtus Investment Advisers Inc.'s investment portfolio, making the stock its 20th largest position.
Several other institutional investors and hedge funds have also recently modified their holdings of ACM. Ranch Capital Advisors Inc. increased its holdings in AECOM by 2.3% in the 4th quarter. Ranch Capital Advisors Inc. now owns 4,482 shares of the construction company's stock valued at $479,000 after acquiring an additional 99 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings in AECOM by 17.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 691 shares of the construction company's stock valued at $74,000 after acquiring an additional 103 shares during the last quarter. Avitas Wealth Management LLC increased its holdings in AECOM by 0.6% in the 4th quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company's stock valued at $2,023,000 after acquiring an additional 110 shares during the last quarter. Principal Securities Inc. increased its holdings in AECOM by 95.9% in the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock valued at $25,000 after acquiring an additional 116 shares during the last quarter. Finally, Ellevest Inc. increased its holdings in AECOM by 2.2% in the 4th quarter. Ellevest Inc. now owns 5,820 shares of the construction company's stock valued at $622,000 after acquiring an additional 124 shares during the last quarter. 85.41% of the stock is currently owned by institutional investors.
AECOM Price Performance
Shares of NYSE:ACM traded up $0.15 on Friday, reaching $107.52. The company's stock had a trading volume of 537,047 shares, compared to its average volume of 916,357. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56. The company has a market cap of $14.23 billion, a P/E ratio of 30.55, a PEG ratio of 1.63 and a beta of 0.96. The company has a 50-day simple moving average of $97.95 and a 200 day simple moving average of $103.56. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14.
AECOM (NYSE:ACM - Get Free Report) last issued its quarterly earnings data 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 net margin of 2.93% and a return on equity of 26.84%. The business had revenue of $3.77 billion during the quarter, compared to analysts' expectations of $4.18 billion. During the same period last year, the company posted $1.04 EPS. The business's revenue was up 2.6% on a year-over-year basis. As a group, equities research analysts anticipate 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 Thursday, April 17th. Investors of record on Wednesday, April 2nd were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.97%. AECOM's dividend payout ratio is presently 22.66%.
Wall Street Analyst Weigh In
ACM has been the topic of a number of research reports. KeyCorp reduced their price target on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Citigroup lifted their price target on shares of AECOM from $116.00 to $122.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Robert W. Baird lifted their price target on shares of AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Truist Financial reduced 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. Finally, Royal Bank of Canada lifted their price objective on shares of AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $120.86.
Check Out Our Latest Report on ACM
About AECOM
(
Free Report)
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.
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