Proficio Capital Partners LLC Invests $55,000 in AECOM (NYSE:ACM)

Proficio Capital Partners LLC bought a new stake in shares of AECOM (NYSE:ACM - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 55,283 shares of the construction company's stock, valued at approximately $55,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Magnus Financial Group LLC boosted its holdings in AECOM by 93.5% in the fourth quarter. Magnus Financial Group LLC now owns 4,860 shares of the construction company's stock worth $519,000 after purchasing an additional 2,348 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of AECOM by 40.1% in the third quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company's stock worth $79,339,000 after acquiring an additional 220,035 shares during the period. TT International Asset Management LTD purchased a new stake in AECOM during the fourth quarter valued at $3,578,000. Park Avenue Securities LLC lifted its holdings in AECOM by 176.9% in the fourth quarter. Park Avenue Securities LLC now owns 7,239 shares of the construction company's stock valued at $773,000 after acquiring an additional 4,625 shares during the period. Finally, Truist Financial Corp boosted its position in AECOM by 28.7% in the fourth quarter. Truist Financial Corp now owns 9,851 shares of the construction company's stock worth $1,052,000 after purchasing an additional 2,194 shares during the last quarter. Institutional investors own 85.41% of the company's stock.

AECOM Stock Up 1.9 %

AECOM stock traded up $1.77 during mid-day trading on Wednesday, reaching $95.89. 991,945 shares of the company were exchanged, compared to its average volume of 863,896. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56. The business has a fifty day moving average of $99.38 and a 200 day moving average of $105.07. The firm has a market cap of $12.72 billion, a P/E ratio of 27.24, a PEG ratio of 1.63 and a beta of 1.22. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14.

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

AECOM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd will be paid a $0.26 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.04 annualized dividend and a dividend yield of 1.08%. AECOM's dividend payout ratio is presently 29.55%.

Analyst Upgrades and Downgrades

ACM has been the subject of several research reports. Robert W. Baird reduced their price target on shares of AECOM from $125.00 to $117.00 and set an "outperform" rating for the company in a research report on Tuesday, February 4th. KeyCorp decreased their price target on shares of AECOM from $122.00 to $121.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. Barclays boosted their price objective on shares of AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Finally, Citigroup decreased their target price on AECOM from $128.00 to $127.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $120.38.

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.