Cwm LLC grew its holdings in AECOM (NYSE:ACM – Get Rating) by 12.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,632 shares of the construction company’s stock after purchasing an additional 187 shares during the period. Cwm LLC’s holdings in AECOM were worth $139,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of ACM. Invesco Ltd. raised its position in shares of AECOM by 39.2% in the first quarter. Invesco Ltd. now owns 3,456,275 shares of the construction company’s stock valued at $265,478,000 after purchasing an additional 972,449 shares during the period. Point72 Asset Management L.P. increased its holdings in AECOM by 307.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 407,700 shares of the construction company’s stock worth $27,874,000 after acquiring an additional 307,700 shares during the period. Federated Hermes Inc. increased its holdings in AECOM by 110.6% during the 1st quarter. Federated Hermes Inc. now owns 459,259 shares of the construction company’s stock worth $35,276,000 after acquiring an additional 241,164 shares during the period. Victory Capital Management Inc. increased its holdings in AECOM by 693.8% during the 3rd quarter. Victory Capital Management Inc. now owns 242,706 shares of the construction company’s stock worth $16,594,000 after acquiring an additional 212,131 shares during the period. Finally, Desjardins Global Asset Management Inc. increased its holdings in AECOM by 146.9% during the 3rd quarter. Desjardins Global Asset Management Inc. now owns 329,789 shares of the construction company’s stock worth $22,547,000 after acquiring an additional 196,223 shares during the period. Institutional investors own 84.26% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on ACM. KeyCorp upped their target price on shares of AECOM from $91.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, January 17th. Citigroup upped their target price on shares of AECOM from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, February 8th. StockNews.com raised shares of AECOM from a “hold” rating to a “buy” rating in a research note on Wednesday. Barclays boosted their price target on shares of AECOM from $90.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, January 13th. Finally, Credit Suisse Group raised shares of AECOM from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $95.00 to $98.00 in a research note on Thursday, January 12th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $99.43.
AECOM Price Performance
Shares of AECOM stock opened at $80.73 on Thursday. AECOM has a 52-week low of $60.74 and a 52-week high of $92.16. The stock has a market capitalization of $11.22 billion, a price-to-earnings ratio of 33.78, a price-to-earnings-growth ratio of 2.05 and a beta of 1.29. The company has a fifty day moving average of $84.45 and a 200-day moving average of $82.82. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.08 and a current ratio of 1.08.
AECOM (NYSE:ACM – Get Rating) last announced its quarterly earnings data on Tuesday, February 7th. The construction company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. AECOM had a net margin of 2.54% and a return on equity of 18.50%. The company had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter in the prior year, the company earned $0.89 EPS. The firm’s revenue was up 3.5% on a year-over-year basis. Equities research analysts expect that AECOM will post 3.67 EPS for the current year.
AECOM Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 21st. Stockholders of record on Wednesday, April 5th were paid a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, April 4th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.89%. AECOM’s dividend payout ratio (DPR) is 30.13%.
About AECOM
AECOM engages in the design, manufacture, financing, and operation of infrastructure assets for governments, businesses and organizations. It operates through the following segments: Americas, International, and AECOM Capital. The Americas segment deals with planning, consulting, architectural and engineering design and construction management services to commercial and government clients in the United States, Canada and Latin America in major end markets such as transportation, water, government, facilities, environmental and energy.
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