Federated Hermes Inc. Sells 55,490 Shares of AECOM (NYSE:ACM)

Federated Hermes Inc. decreased its holdings in shares of AECOM (NYSE:ACM - Free Report) by 12.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 407,709 shares of the construction company's stock after selling 55,490 shares during the quarter. Federated Hermes Inc. owned 0.30% of AECOM worth $37,685,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Point72 Hong Kong Ltd bought a new position in shares of AECOM during the 1st quarter valued at $25,000. Janiczek Wealth Management LLC bought a new position in shares of AECOM during the 3rd quarter valued at $28,000. Manchester Capital Management LLC bought a new position in shares of AECOM during the 3rd quarter valued at $38,000. Friedenthal Financial bought a new position in shares of AECOM during the 4th quarter valued at $44,000. Finally, Money Concepts Capital Corp bought a new position in shares of AECOM during the 4th quarter valued at $55,000. Hedge funds and other institutional investors own 85.41% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on ACM shares. Robert W. Baird increased their target price on shares of AECOM from $100.00 to $103.00 and gave the company an "outperform" rating in a report on Tuesday, February 6th. Truist Financial started coverage on shares of AECOM in a research report on Thursday, March 14th. They set a "buy" rating and a $106.00 price target for the company. Barclays increased their price target on shares of AECOM from $90.00 to $100.00 and gave the company an "overweight" rating in a research report on Tuesday, February 13th. KeyCorp increased their price target on shares of AECOM from $104.00 to $105.00 and gave the company an "overweight" rating in a research report on Friday. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $109.00 price target on shares of AECOM in a research report on Wednesday, February 7th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $102.14.

AECOM Trading Up 0.1 %

Shares of NYSE:ACM traded up $0.11 on Friday, hitting $93.35. The company had a trading volume of 535,455 shares, compared to its average volume of 614,416. The firm's 50-day simple moving average is $92.81 and its two-hundred day simple moving average is $88.67. AECOM has a 1 year low of $74.40 and a 1 year high of $98.72. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $12.70 billion, a price-to-earnings ratio of 207.45, a P/E/G ratio of 1.38 and a beta of 1.24.

AECOM (NYSE:ACM - Get Free Report) last posted its earnings results on Tuesday, February 6th. The construction company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.92 by $0.13. The firm had revenue of $3.90 billion during the quarter. AECOM had a net margin of 0.42% and a return on equity of 21.45%. During the same period in the prior year, the business posted $0.86 earnings per share. Equities analysts anticipate that AECOM will post 4.43 earnings per share for the current fiscal year.

AECOM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Wednesday, April 24th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $0.88 dividend on an annualized basis and a yield of 0.94%. AECOM's dividend payout ratio is currently 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.