Virtus Investment Advisers Inc. Makes New $1.14 Million Investment in AECOM (NYSE:ACM)

Virtus Investment Advisers Inc. acquired a new stake in AECOM (NYSE:ACM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 10,627 shares of the construction company's stock, valued at approximately $1,135,000. AECOM comprises about 0.9% of Virtus Investment Advisers Inc.'s investment portfolio, making the stock its 20th largest holding.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ranch Capital Advisors Inc. grew its holdings in AECOM by 2.3% during the 4th 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. grew its holdings 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 acquiring an additional 103 shares during the last quarter. Avitas Wealth Management LLC grew its holdings in AECOM by 0.6% during the 4th quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company's stock worth $2,023,000 after acquiring an additional 110 shares during the last quarter. Principal Securities Inc. grew its holdings 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 acquiring an additional 116 shares during the last quarter. Finally, Ellevest Inc. grew its holdings in AECOM by 2.2% during the 4th quarter. Ellevest Inc. now owns 5,820 shares of the construction company's stock worth $622,000 after acquiring an additional 124 shares during the last quarter. Institutional investors own 85.41% of the company's stock.

AECOM Stock Down 0.1%

ACM traded down $0.12 during trading on Thursday, hitting $107.32. 630,507 shares of the company's stock were exchanged, compared to its average volume of 917,481. The business's 50 day moving average is $97.71 and its two-hundred day moving average is $103.57. The stock has a market cap of $14.20 billion, a P/E ratio of 30.49, a PEG ratio of 1.63 and a beta of 0.96. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56.

AECOM (NYSE:ACM - Get Free Report) last announced its earnings results on Monday, May 5th. The construction company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.15 by $0.10. The company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $4.18 billion. AECOM had a net margin of 2.93% and a return on equity of 26.84%. The firm's revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.04 earnings per share. As a group, equities analysts expect 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 Thursday, April 17th. Investors of record on Wednesday, April 2nd were issued 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 yield of 0.97%. AECOM's dividend payout ratio (DPR) is presently 22.66%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ACM shares. Barclays boosted their price target on shares of AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Truist Financial dropped their price target on shares of AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. KeyCorp dropped their price target 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. Royal Bank of Canada boosted their price target 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, Citigroup boosted their price target 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. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM presently has a consensus rating of "Buy" and an average price target of $119.00.

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.