Buckingham Capital Management Inc. Boosts Stock Position in AECOM (NYSE:ACM)

Buckingham Capital Management Inc. raised its position in shares of AECOM (NYSE:ACM - Free Report) by 18.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,673 shares of the construction company's stock after purchasing an additional 8,700 shares during the period. Buckingham Capital Management Inc.'s holdings in AECOM were worth $5,238,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ACM. Oak Thistle LLC bought a new position in shares of AECOM during the fourth quarter valued at about $1,789,000. Raymond James & Associates grew its stake in shares of AECOM by 5.4% during the fourth quarter. Raymond James & Associates now owns 33,923 shares of the construction company's stock valued at $3,136,000 after buying an additional 1,740 shares during the last quarter. iA Global Asset Management Inc. increased its position in shares of AECOM by 33.3% in the third quarter. iA Global Asset Management Inc. now owns 180,575 shares of the construction company's stock valued at $14,995,000 after acquiring an additional 45,098 shares during the period. Comerica Bank bought a new position in shares of AECOM during the third quarter valued at about $5,454,000. Finally, Pallas Capital Advisors LLC bought a new position in shares of AECOM during the fourth quarter valued at about $340,000. Hedge funds and other institutional investors own 85.41% of the company's stock.

Analyst Ratings Changes

ACM has been the subject of a number of recent analyst reports. KeyCorp upped their price target on AECOM from $104.00 to $105.00 and gave the company an "overweight" rating in a research report on Friday, April 19th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $109.00 target price on shares of AECOM in a research report on Wednesday, February 7th. 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. Truist Financial restated a "buy" rating and issued a $113.00 price objective (up from $106.00) on shares of AECOM in a report on Wednesday. Finally, Robert W. Baird upped their target price on AECOM from $104.00 to $110.00 and gave the stock an "outperform" rating in a report on Tuesday, May 7th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $107.43.

AECOM Stock Up 0.4 %

Shares of ACM stock traded up $0.35 during trading hours on Friday, hitting $93.05. 749,101 shares of the company's stock traded hands, compared to its average volume of 718,430. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.88. The stock's fifty day simple moving average is $94.11 and its two-hundred day simple moving average is $90.12. AECOM has a 12-month low of $74.40 and a 12-month high of $98.72. The stock has a market cap of $12.67 billion, a price-to-earnings ratio of -1,033.77, a PEG ratio of 1.31 and a beta of 1.23.

AECOM (NYSE:ACM - Get Free Report) last released its earnings results on Monday, May 6th. The construction company reported $1.04 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.01). AECOM had a positive return on equity of 22.73% and a negative net margin of 0.09%. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the firm posted $0.92 earnings per share. The company's revenue was up 13.0% compared to the same quarter last year. On average, analysts expect that AECOM will post 4.49 EPS for the current year.

AECOM Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Wednesday, April 24th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, April 23rd. This represents a $0.88 dividend on an annualized basis and a yield of 0.95%. AECOM's dividend payout ratio is currently -977.67%.

About AECOM

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.