Perbak Capital Partners LLP Grows Position in AECOM (NYSE:ACM)

Perbak Capital Partners LLP increased its position in AECOM (NYSE:ACM - Free Report) by 87.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,271 shares of the construction company's stock after purchasing an additional 8,524 shares during the quarter. AECOM makes up about 1.0% of Perbak Capital Partners LLP's portfolio, making the stock its 22nd biggest position. Perbak Capital Partners LLP's holdings in AECOM were worth $1,952,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of AECOM during the fourth quarter valued at about $190,495,000. Northern Trust Corp boosted its stake in AECOM by 53.5% in the fourth quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company's stock valued at $177,844,000 after acquiring an additional 580,078 shares in the last quarter. Alliancebernstein L.P. grew its holdings in AECOM by 11.2% in the fourth quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company's stock worth $397,196,000 after purchasing an additional 373,991 shares during the last quarter. Sandhill Capital Partners LLC purchased a new stake in shares of AECOM during the 4th quarter valued at $36,933,000. Finally, JPMorgan Chase & Co. boosted its position in shares of AECOM by 40.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company's stock worth $79,339,000 after purchasing an additional 220,035 shares in the last quarter. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

AECOM Stock Performance

AECOM stock traded up $2.17 during mid-day trading on Friday, hitting $102.42. The company had a trading volume of 1,324,814 shares, compared to its average volume of 915,828. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $13.58 billion, a price-to-earnings ratio of 29.10, a P/E/G ratio of 1.63 and a beta of 1.03. The company's fifty day moving average is $94.80 and its 200-day moving average is $103.67. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56.

AECOM (NYSE:ACM - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. Equities research analysts predict that AECOM will post 5.1 EPS for the current year.

AECOM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, April 2nd. This represents a $1.04 annualized dividend and a dividend yield of 1.02%. AECOM's dividend payout ratio (DPR) is presently 29.55%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Robert W. Baird cut their price objective on shares of AECOM from $125.00 to $117.00 and set an "outperform" rating on the stock in a report on Tuesday, February 4th. Citigroup lowered their price objective on shares of AECOM from $127.00 to $116.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Truist Financial reduced their target price on AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. KeyCorp dropped their price target on AECOM from $121.00 to $109.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Barclays raised their price objective on AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, AECOM presently has an average rating of "Buy" and a consensus price target of $116.50.

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.