Mercer Global Advisors Inc. ADV lifted its holdings in AECOM (NYSE:ACM - Free Report) by 51.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,026 shares of the construction company's stock after acquiring an additional 2,731 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in AECOM were worth $857,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC lifted its position in AECOM by 1.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company's stock valued at $809,000 after purchasing an additional 109 shares during the last quarter. TT International Asset Management LTD purchased a new stake in AECOM during the 4th quarter valued at $3,578,000. Fiduciary Alliance LLC bought a new stake in AECOM in the 4th quarter worth $655,000. Fifth Third Wealth Advisors LLC increased its position in shares of AECOM by 10.4% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 4,093 shares of the construction company's stock valued at $437,000 after acquiring an additional 385 shares during the period. Finally, Park Avenue Securities LLC raised its stake in shares of AECOM by 176.9% during the fourth quarter. Park Avenue Securities LLC now owns 7,239 shares of the construction company's stock valued at $773,000 after acquiring an additional 4,625 shares during the last quarter. Hedge funds and other institutional investors own 85.41% of the company's stock.
AECOM Price Performance
ACM stock opened at $104.67 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market capitalization of $13.85 billion, a price-to-earnings ratio of 29.74, a PEG ratio of 1.63 and a beta of 0.96. The firm has a 50 day moving average price of $95.47 and a 200-day moving average price of $103.48. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56.
AECOM (NYSE:ACM - Get Free Report) last released its earnings results on Monday, May 5th. The construction company reported $1.25 EPS for the quarter, topping analysts' consensus estimates of $1.15 by $0.10. The firm had revenue of $3.77 billion for the quarter, compared to analysts' expectations of $4.18 billion. AECOM had a return on equity of 26.84% and a net margin of 2.93%. The company's quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.04 earnings per share. Equities research analysts forecast that AECOM will post 5.1 EPS for the current fiscal year.
AECOM Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd were issued a $0.26 dividend. 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 0.99%. AECOM's payout ratio is currently 22.66%.
Analyst Ratings Changes
A number of brokerages recently issued reports on ACM. Royal Bank of Canada boosted their price target on AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a report on Wednesday. Barclays raised their price target on AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Citigroup boosted their price objective on shares of AECOM from $116.00 to $122.00 and gave the company a "buy" rating in a research report on Wednesday. Robert W. Baird raised their target price on shares of AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Finally, Truist Financial reduced 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. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, AECOM has a consensus rating of "Buy" and a consensus target price of $119.00.
Check Out Our Latest Analysis on ACM
About AECOM
(
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider AECOM, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AECOM wasn't on the list.
While AECOM currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
