Wedge Capital Management L L P NC Boosts Holdings in AECOM (NYSE:ACM)

Wedge Capital Management L L P NC grew its position in shares of AECOM (NYSE:ACM - Free Report) by 23.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,503 shares of the construction company's stock after buying an additional 9,299 shares during the quarter. Wedge Capital Management L L P NC's holdings in AECOM were worth $4,498,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Securities Inc. raised its position in AECOM by 95.9% in the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock worth $25,000 after buying an additional 116 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of AECOM by 390.6% during the 4th quarter. Allworth Financial LP now owns 260 shares of the construction company's stock valued at $29,000 after acquiring an additional 207 shares during the last quarter. National Pension Service bought a new stake in shares of AECOM in the fourth quarter worth approximately $32,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of AECOM during the fourth quarter valued at approximately $35,000. Finally, Wingate Wealth Advisors Inc. purchased a new position in shares of AECOM during the fourth quarter valued at approximately $51,000. Institutional investors own 85.41% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on ACM shares. Royal Bank of Canada lifted their price objective on AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Truist Financial cut their price target on AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Citigroup increased their price objective on shares of AECOM from $116.00 to $122.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Robert W. Baird raised their price objective on shares of AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Finally, KeyCorp reduced their target price on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $120.86.

AECOM Trading Down 0.3%

Shares of ACM traded down $0.37 during trading hours on Monday, reaching $110.98. 565,290 shares of the company traded hands, compared to its average volume of 908,455. The firm has a market cap of $14.68 billion, a price-to-earnings ratio of 31.53, a PEG ratio of 1.63 and a beta of 0.97. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56. The stock's fifty day moving average price is $100.99 and its 200 day moving average price is $103.40. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02.

AECOM (NYSE:ACM - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.15 by $0.10. The business had revenue of $3.77 billion for 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%. The business's revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.04 EPS. Sell-side analysts forecast that AECOM will post 5.1 earnings per share for the current year.

AECOM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Wednesday, July 2nd will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Wednesday, July 2nd. AECOM's dividend payout ratio is currently 22.66%.

AECOM 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.