Investment House LLC Lowers Stock Position in AECOM (NYSE:ACM)

Investment House LLC reduced its stake in shares of AECOM (NYSE:ACM) by 0.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 19,296 shares of the construction company’s stock after selling 130 shares during the period. Investment House LLC’s holdings in AECOM were worth $2,061,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in ACM. GSA Capital Partners LLP purchased a new position in shares of AECOM during the 3rd quarter valued at about $237,000. KBC Group NV lifted its position in shares of AECOM by 8.6% during the 3rd quarter. KBC Group NV now owns 15,475 shares of the construction company’s stock valued at $1,599,000 after buying an additional 1,221 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of AECOM by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 3,949 shares of the construction company’s stock valued at $408,000 after buying an additional 132 shares in the last quarter. Empowered Funds LLC raised its stake in AECOM by 4.0% during the 3rd quarter. Empowered Funds LLC now owns 9,389 shares of the construction company’s stock valued at $970,000 after purchasing an additional 357 shares during the period. Finally, Natixis Advisors LLC raised its stake in AECOM by 9.7% during the 3rd quarter. Natixis Advisors LLC now owns 37,122 shares of the construction company’s stock valued at $3,833,000 after purchasing an additional 3,281 shares during the period. 85.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on ACM shares. The Goldman Sachs Group started coverage on AECOM in a research note on Friday, November 22nd. They set a “buy” rating and a $130.00 target price on the stock. KeyCorp decreased their target price on AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Barclays lifted their target price on AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Truist Financial lifted their target price on AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Finally, Citigroup decreased their target price on AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $120.38.

AECOM Stock Performance

NYSE:ACM opened at $95.34 on Wednesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. AECOM has a 1 year low of $82.23 and a 1 year high of $118.56. The stock’s 50 day simple moving average is $102.48 and its two-hundred day simple moving average is $105.26. The company has a market cap of $12.65 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 1.63 and a beta of 1.22.

AECOM (NYSE:ACM) last released its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. As a group, equities analysts anticipate that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Wednesday, April 2nd. AECOM’s dividend payout ratio is currently 29.55%.

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.