Redwood Investment Management LLC Buys Shares of 13,363 AECOM (NYSE:ACM)

Redwood Investment Management LLC acquired a new stake in shares of AECOM (NYSE:ACM - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 13,363 shares of the construction company's stock, valued at approximately $1,427,000.

Several other large investors have also recently modified their holdings of ACM. Alliancebernstein L.P. raised its stake in shares of AECOM by 11.2% during the fourth quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company's stock valued at $397,196,000 after acquiring an additional 373,991 shares during the last quarter. Norges Bank bought a new position in AECOM during the 4th quarter valued at approximately $190,495,000. Northern Trust Corp raised its position in AECOM by 53.5% during the 4th quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company's stock valued at $177,844,000 after purchasing an additional 580,078 shares during the last quarter. FMR LLC lifted its holdings in AECOM by 2.9% in the 4th quarter. FMR LLC now owns 1,360,510 shares of the construction company's stock worth $145,330,000 after buying an additional 38,177 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of AECOM by 8.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,205,920 shares of the construction company's stock worth $128,820,000 after buying an additional 94,880 shares during the last quarter. Hedge funds and other institutional investors own 85.41% of the company's stock.

AECOM Stock Down 1.6%

Shares of ACM traded down $1.72 during trading hours on Wednesday, hitting $107.25. The company had a trading volume of 111,925 shares, compared to its average volume of 914,932. The stock has a market capitalization of $14.19 billion, a price-to-earnings ratio of 30.50, a P/E/G ratio of 1.63 and a beta of 0.96. The firm has a fifty day moving average price of $97.23 and a 200-day moving average price of $103.55. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The construction company reported $1.25 earnings per share for the quarter, beating analysts' consensus estimates of $1.15 by $0.10. The business had revenue of $3.77 billion during the quarter, compared to analyst estimates of $4.18 billion. AECOM had a net margin of 2.93% and a return on equity of 26.84%. AECOM's revenue was up 2.6% compared to the same quarter last year. During the same period last year, the business earned $1.04 EPS. On average, equities research analysts forecast that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, April 2nd. This represents a $1.04 annualized dividend and a yield of 0.97%. AECOM's dividend payout ratio is 22.66%.

Analysts Set New Price Targets

A number of equities analysts recently commented on ACM shares. KeyCorp decreased their target price on AECOM from $121.00 to $109.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Citigroup upped their price objective on shares of AECOM from $116.00 to $122.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Barclays raised their target price on shares of AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Truist Financial reduced their price target on shares of AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Robert W. Baird raised their price objective on shares of AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM currently has an average rating of "Buy" and a consensus target price of $119.00.

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.