Hsbc Holdings PLC Has $21.90 Million Stake in AECOM (NYSE:ACM)

Hsbc Holdings PLC raised its position in AECOM (NYSE:ACM - Free Report) by 18.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 204,935 shares of the construction company's stock after acquiring an additional 32,426 shares during the quarter. Hsbc Holdings PLC owned approximately 0.15% of AECOM worth $21,897,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Alliancebernstein L.P. grew its position in AECOM by 11.2% in the 4th quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company's stock valued at $397,196,000 after acquiring an additional 373,991 shares in the last quarter. Norges Bank acquired a new stake in AECOM during the 4th quarter worth $190,495,000. FMR LLC boosted its stake in AECOM by 2.9% during the 4th quarter. FMR LLC now owns 1,360,510 shares of the construction company's stock worth $145,330,000 after purchasing an additional 38,177 shares during the period. Dimensional Fund Advisors LP boosted its stake in AECOM by 8.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,205,920 shares of the construction company's stock worth $128,820,000 after purchasing an additional 94,880 shares during the period. Finally, Mariner LLC boosted its stake in AECOM by 3.9% during the 4th quarter. Mariner LLC now owns 1,083,908 shares of the construction company's stock worth $115,786,000 after purchasing an additional 40,228 shares during the period. 85.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ACM shares. Barclays raised their target price on shares of AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. KeyCorp lowered their price target on AECOM from $121.00 to $109.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Truist Financial lowered their price target on AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Robert W. Baird lowered their price target on AECOM from $125.00 to $117.00 and set an "outperform" rating for the company in a report on Tuesday, February 4th. Finally, Citigroup lowered their price target on AECOM from $127.00 to $116.00 and set a "buy" rating for the company in a report on Friday, April 25th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, AECOM presently has a consensus rating of "Buy" and a consensus target price of $116.50.

AECOM Stock Up 1.6 %

Shares of ACM stock traded up $1.61 during trading hours on Thursday, hitting $100.26. 914,852 shares of the company were exchanged, compared to its average volume of 1,066,927. 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 has a one year low of $82.23 and a one year high of $118.56. The business's 50-day simple moving average is $94.70 and its two-hundred day simple moving average is $103.71. The stock has a market capitalization of $13.30 billion, a price-to-earnings ratio of 28.48, a P/E/G ratio of 1.63 and a beta of 1.03.

AECOM (NYSE:ACM - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. Sell-side analysts predict that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd were issued a $0.26 dividend. The ex-dividend date was Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 1.04%. AECOM's dividend payout ratio is currently 29.55%.

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.