BNP Paribas Financial Markets Acquires 40,011 Shares of AECOM (NYSE:ACM)

BNP Paribas Financial Markets lifted its stake in AECOM (NYSE:ACM - Free Report) by 69.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 97,429 shares of the construction company's stock after purchasing an additional 40,011 shares during the period. BNP Paribas Financial Markets owned about 0.07% of AECOM worth $9,005,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ACM. Fifth Third Bancorp lifted its holdings in AECOM by 9.7% during the 3rd quarter. Fifth Third Bancorp now owns 1,683 shares of the construction company's stock worth $140,000 after buying an additional 149 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in AECOM by 4.0% during the 3rd quarter. CIBC Asset Management Inc now owns 3,897 shares of the construction company's stock worth $324,000 after buying an additional 151 shares during the last quarter. Pinnacle Associates Ltd. increased 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 in the last quarter. Arizona State Retirement System increased its position in shares of AECOM by 0.5% during the fourth quarter. Arizona State Retirement System now owns 36,221 shares of the construction company's stock worth $3,348,000 after purchasing an additional 196 shares in the last quarter. Finally, Flputnam Investment Management Co. increased its position in shares of AECOM by 0.4% during the third quarter. Flputnam Investment Management Co. now owns 45,832 shares of the construction company's stock worth $3,806,000 after purchasing an additional 202 shares in the last quarter. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at AECOM

In other news, Director Douglas Stotlar sold 7,179 shares of the business's stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $93.51, for a total transaction of $671,308.29. Following the sale, the director now owns 34,667 shares of the company's stock, valued at approximately $3,241,711.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.42% of the company's stock.

AECOM Stock Performance

ACM traded up $0.01 during trading on Friday, reaching $89.62. The company's stock had a trading volume of 594,728 shares, compared to its average volume of 700,554. AECOM has a 52-week low of $74.40 and a 52-week high of $98.72. The company's fifty day moving average price is $94.19 and its 200-day moving average price is $90.44. The company has a market capitalization of $12.20 billion, a price-to-earnings ratio of -995.67, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.06 and a current ratio of 1.06.

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

AECOM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Wednesday, April 24th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Tuesday, April 23rd. AECOM's dividend payout ratio (DPR) is -977.67%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ACM. Robert W. Baird lifted their target price on AECOM from $104.00 to $110.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 7th. Royal Bank of Canada reiterated an "outperform" rating and set a $109.00 target price on shares of AECOM in a research report on Wednesday, February 7th. Citigroup lifted their target price on AECOM from $107.00 to $116.00 and gave the stock a "buy" rating in a research report on Monday, April 22nd. Truist Financial restated a "buy" rating and issued a $113.00 price target (up previously from $106.00) on shares of AECOM in a research report on Wednesday, May 8th. Finally, Barclays boosted their price target on AECOM from $90.00 to $100.00 and gave the company an "overweight" rating in a research report on Tuesday, February 13th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $107.43.

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.