Farringdon Capital Ltd. acquired a new stake in AECOM (NYSE:ACM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,020 shares of the construction company's stock, valued at approximately $429,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of AECOM in the fourth quarter valued at approximately $190,495,000. Alliancebernstein L.P. grew its position in shares of AECOM by 11.2% during the 4th quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company's stock worth $397,196,000 after buying an additional 373,991 shares in the last quarter. Sandhill Capital Partners LLC purchased a new stake in AECOM in the fourth quarter worth about $36,933,000. JPMorgan Chase & Co. lifted its stake in shares of AECOM by 40.1% during 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 during the last quarter. Finally, Teacher Retirement System of Texas grew its stake in AECOM by 58.1% in the fourth quarter. Teacher Retirement System of Texas now owns 349,991 shares of the construction company's stock valued at $37,386,000 after purchasing an additional 128,580 shares during the last quarter. Hedge funds and other institutional investors own 85.41% of the company's stock.
AECOM Trading Up 1.9 %
Shares of ACM stock traded up $1.76 during trading on Wednesday, hitting $95.76. 161,340 shares of the stock traded hands, compared to its average volume of 906,584. The firm has a market capitalization of $12.70 billion, a P/E ratio of 27.20, a price-to-earnings-growth ratio of 1.63 and a beta of 1.03. 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 current ratio of 1.14 and a quick ratio of 1.14. The firm's fifty day moving average price is $95.02 and its 200-day moving average price is $104.02.
AECOM (NYSE:ACM - Get Free Report) last announced its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, beating 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%. As a group, research analysts forecast that AECOM will post 5.1 earnings per share for the current fiscal year.
AECOM Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend was Wednesday, April 2nd. AECOM's dividend payout ratio (DPR) is currently 29.55%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on ACM shares. Barclays increased their price target on AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Citigroup lowered their target price on shares of AECOM from $128.00 to $127.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Truist Financial dropped their price objective on AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Robert W. Baird reduced their target price on AECOM from $125.00 to $117.00 and set an "outperform" rating for the company in a research note on Tuesday, February 4th. Finally, KeyCorp dropped their price target on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, AECOM has a consensus rating of "Buy" and an average target price of $117.88.
Read Our Latest Stock Report on ACM
About AECOM
(
Free Report)
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.
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