Wedge Capital Management L L P NC increased its position in shares of AECOM (NYSE:ACM - Free Report) by 23.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,503 shares of the construction company's stock after acquiring an additional 9,299 shares during the quarter. Wedge Capital Management L L P NC's holdings in AECOM were worth $4,498,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in ACM. Alliancebernstein L.P. lifted its position in 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 purchasing an additional 373,991 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in 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 valued at $286,305,000 after acquiring an additional 691,020 shares during the last quarter. Norges Bank acquired a new stake in AECOM during the 4th quarter worth $190,495,000. Northern Trust Corp grew its holdings in AECOM by 53.5% during the 4th quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company's stock worth $177,844,000 after acquiring an additional 580,078 shares during the period. Finally, FMR LLC raised its position in shares of AECOM by 2.9% during the 4th quarter. FMR LLC now owns 1,360,510 shares of the construction company's stock valued at $145,330,000 after acquiring an additional 38,177 shares during the last quarter. Institutional investors and hedge funds own 85.41% of the company's stock.
Analyst Ratings Changes
Several research analysts have 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 research report on Wednesday, May 7th. KeyCorp cut their target price on AECOM from $121.00 to $109.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Robert W. Baird raised their target price on AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Citigroup upped 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. Finally, Truist Financial reduced their price objective on shares of AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $120.86.
View Our Latest Analysis on ACM
AECOM Price Performance
Shares of AECOM stock remained flat at $112.20 during trading hours on Thursday. The company's stock had a trading volume of 480,957 shares, compared to its average volume of 907,693. The company has a market capitalization of $14.84 billion, a P/E ratio of 31.88, a PEG ratio of 1.63 and a beta of 0.97. 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 has a 50 day simple moving average of $102.11 and a 200 day simple moving average of $103.48. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56.
AECOM (NYSE:ACM - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The construction company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.10. The business had revenue of $3.77 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.04 EPS. Equities analysts expect that AECOM will post 5.1 EPS for the current year.
AECOM Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Wednesday, July 2nd will be issued 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 dividend payout ratio (DPR) is presently 22.66%.
AECOM Company Profile
(
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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