FORA Capital LLC Acquires New Shares in AECOM (NYSE:ACM)

FORA Capital LLC acquired a new position in AECOM (NYSE:ACM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 8,081 shares of the construction company's stock, valued at approximately $863,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ACM. Principal Securities Inc. raised 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 buying an additional 116 shares during the last quarter. Allworth Financial LP lifted its position in AECOM by 390.6% during the fourth quarter. Allworth Financial LP now owns 260 shares of the construction company's stock valued at $29,000 after purchasing an additional 207 shares during the period. National Pension Service purchased a new stake in AECOM in the fourth quarter valued at $32,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in AECOM in the fourth quarter valued at $35,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in AECOM during the 4th quarter worth about $51,000. Institutional investors and hedge funds own 85.41% of the company's stock.

Analyst Ratings Changes

ACM has been the subject of several analyst reports. Robert W. Baird boosted their price objective on AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Citigroup boosted their price target on AECOM from $116.00 to $122.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Royal Bank of Canada raised 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. KeyCorp decreased their target price on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, Truist Financial lowered 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. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $119.00.

AECOM Price Performance

NYSE ACM traded up $0.34 on Tuesday, hitting $106.67. The company had a trading volume of 747,324 shares, compared to its average volume of 914,681. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. The company's fifty day moving average price is $95.68 and its 200-day moving average price is $103.49. The company has a market capitalization of $14.11 billion, a PE ratio of 30.30, a PEG ratio of 1.63 and a beta of 0.96. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share for the quarter, topping 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 net margin of 2.93% and a return on equity of 26.84%. The company's revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.04 EPS. As a group, analysts predict that AECOM will post 5.1 earnings per share for the current year.

AECOM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend was Wednesday, April 2nd. AECOM's dividend payout ratio is presently 22.66%.

About AECOM

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.