Duff & Phelps Investment Management Co. lowered its stake in shares of AECOM (NYSE:ACM - Free Report) by 18.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 117,477 shares of the construction company's stock after selling 25,923 shares during the period. Duff & Phelps Investment Management Co. owned 0.09% of AECOM worth $10,858,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the stock. Payden & Rygel Investment Group purchased a new stake in shares of AECOM during the 3rd quarter valued at approximately $24,669,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of AECOM by 868.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 143,554 shares of the construction company's stock worth $11,921,000 after acquiring an additional 128,728 shares during the period. Impax Asset Management Group plc boosted its holdings in shares of AECOM by 6.9% in the third quarter. Impax Asset Management Group plc now owns 1,628,534 shares of the construction company's stock worth $135,233,000 after acquiring an additional 105,454 shares during the period. UBS Group AG grew its position in shares of AECOM by 13.8% in the third quarter. UBS Group AG now owns 833,707 shares of the construction company's stock valued at $69,231,000 after purchasing an additional 100,875 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new stake in shares of AECOM during the 3rd quarter valued at $6,784,000. Institutional investors own 85.41% of the company's stock.
AECOM Trading Up 0.6 %
Shares of NYSE ACM traded up $0.52 during mid-day trading on Wednesday, hitting $92.88. The stock had a trading volume of 422,412 shares, compared to its average volume of 725,663. The firm has a market cap of $12.63 billion, a P/E ratio of 206.47, a price-to-earnings-growth ratio of 1.40 and a beta of 1.24. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.05 and a current ratio of 1.05. The business has a 50 day moving average price of $93.39 and a two-hundred day moving average price of $89.29. AECOM has a 1 year low of $74.40 and a 1 year high of $98.72.
AECOM (NYSE:ACM - Get Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The construction company reported $1.05 EPS for the quarter, beating 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 last year, the company posted $0.86 earnings per share. On average, equities analysts anticipate that AECOM will post 4.43 EPS for the current fiscal year.
AECOM Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders 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 annualized dividend and a dividend yield of 0.95%. AECOM's dividend payout ratio (DPR) is presently 195.56%.
Wall Street Analyst Weigh In
ACM has been the topic of several analyst reports. Royal Bank of Canada reiterated an "outperform" rating and set a $109.00 price target on shares of AECOM in a research report on Wednesday, February 7th. Truist Financial assumed coverage on shares of AECOM in a research note on Thursday, March 14th. They issued a "buy" rating and a $106.00 target price on the stock. Barclays boosted 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. TheStreet upgraded AECOM from a "c+" rating to a "b" rating in a research report on Monday, February 5th. Finally, Robert W. Baird upped their price objective on shares of AECOM from $100.00 to $103.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 6th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $105.43.
Get Our Latest Stock Analysis on ACM
AECOM Profile
(
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.
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