Pinnbrook Capital Management LP Takes Position in AECOM (NYSE:ACM)

Pinnbrook Capital Management LP bought a new stake in AECOM (NYSE:ACM - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 110,011 shares of the construction company's stock, valued at approximately $10,168,000. AECOM makes up about 1.1% of Pinnbrook Capital Management LP's holdings, making the stock its 18th biggest holding. Pinnbrook Capital Management LP owned about 0.08% of AECOM as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Somerset Trust Co lifted its holdings in AECOM by 3.5% during the 3rd quarter. Somerset Trust Co now owns 3,783 shares of the construction company's stock worth $314,000 after buying an additional 127 shares during the last quarter. Fifth Third Bancorp increased its position in shares of AECOM by 9.7% during the 3rd quarter. Fifth Third Bancorp now owns 1,683 shares of the construction company's stock valued at $140,000 after purchasing an additional 149 shares during the period. CIBC Asset Management Inc increased its position in shares of AECOM by 4.0% during the 3rd quarter. CIBC Asset Management Inc now owns 3,897 shares of the construction company's stock valued at $324,000 after purchasing an additional 151 shares during the period. Moneta Group Investment Advisors LLC raised its position in shares of AECOM by 4.9% during the first quarter. Moneta Group Investment Advisors LLC now owns 3,266 shares of the construction company's stock worth $275,000 after purchasing an additional 154 shares during the period. Finally, Pinnacle Associates Ltd. raised its position in shares of AECOM by 4.1% during the fourth quarter. Pinnacle Associates Ltd. now owns 4,522 shares of the construction company's stock worth $418,000 after purchasing an additional 177 shares during the period. Institutional investors and hedge funds own 85.41% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ACM. Robert W. Baird lifted their price target on AECOM from $100.00 to $103.00 and gave the company an "outperform" rating in a report on Tuesday, February 6th. TheStreet upgraded AECOM from a "c+" rating to a "b" rating in a report on Monday, February 5th. Truist Financial began coverage on AECOM in a report on Thursday, March 14th. They set a "buy" rating and a $106.00 price target on the stock. Barclays lifted their price target on AECOM from $90.00 to $100.00 and gave the company an "overweight" rating in a report on Tuesday, February 13th. Finally, KeyCorp initiated coverage on AECOM in a research note on Wednesday, January 10th. They issued an "overweight" rating and a $104.00 target price on the stock. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $102.00.

AECOM Stock Up 0.3 %

Shares of ACM traded up $0.32 during trading hours on Monday, hitting $97.71. 419,921 shares of the company were exchanged, compared to its average volume of 760,532. The company has a market cap of $13.29 billion, a PE ratio of 217.13, a PEG ratio of 1.44 and a beta of 1.24. The firm's 50 day moving average is $91.88 and its 200-day moving average is $87.96. AECOM has a 52 week low of $74.40 and a 52 week high of $98.72. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.05 and a current ratio of 1.05.

AECOM (NYSE:ACM - Get Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The construction company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.13. AECOM had a return on equity of 21.45% and a net margin of 0.42%. The business had revenue of $3.90 billion during the quarter. During the same period in the prior year, the firm posted $0.86 EPS. On average, equities research analysts forecast that AECOM will post 4.45 EPS for the current fiscal year.

AECOM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Wednesday, April 24th will be issued a $0.22 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $0.88 annualized dividend and a yield of 0.90%. AECOM's dividend payout ratio (DPR) is 195.56%.

AECOM Company 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.

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