Glenview Trust co acquired a new stake in AECOM (NYSE:ACM - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 7,281 shares of the construction company's stock, valued at approximately $778,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Magnus Financial Group LLC raised its stake in AECOM by 93.5% in the fourth quarter. Magnus Financial Group LLC now owns 4,860 shares of the construction company's stock valued at $519,000 after purchasing an additional 2,348 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of AECOM by 40.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company's stock valued at $79,339,000 after buying an additional 220,035 shares in the last quarter. TT International Asset Management LTD bought a new stake in shares of AECOM during the 4th quarter worth approximately $3,578,000. Park Avenue Securities LLC lifted its holdings in shares of AECOM by 176.9% during the 4th quarter. Park Avenue Securities LLC now owns 7,239 shares of the construction company's stock worth $773,000 after acquiring an additional 4,625 shares during the period. Finally, Truist Financial Corp boosted its position in shares of AECOM by 28.7% during the 4th quarter. Truist Financial Corp now owns 9,851 shares of the construction company's stock worth $1,052,000 after acquiring an additional 2,194 shares in the last quarter. 85.41% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
ACM has been the subject of several recent analyst reports. Barclays upped their target price on AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. KeyCorp dropped their price objective on AECOM from $122.00 to $121.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group assumed coverage on AECOM in a research note on Friday, November 22nd. They issued a "buy" rating and a $130.00 price objective on the stock. Robert W. Baird lowered 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, Citigroup dropped their target price on shares of AECOM from $128.00 to $127.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $120.38.
Check Out Our Latest Report on AECOM
AECOM Price Performance
ACM traded down $0.85 on Friday, reaching $94.14. The stock had a trading volume of 2,551,126 shares, compared to its average volume of 818,235. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $12.49 billion, a price-to-earnings ratio of 26.74, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56. The firm has a 50-day moving average of $102.01 and a 200-day moving average of $105.13.
AECOM (NYSE:ACM - Get Free Report) last posted its earnings results on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, topping the consensus estimate 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, sell-side analysts anticipate that AECOM will post 5.1 EPS for the current year.
AECOM Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 1.10%. AECOM's payout ratio is 29.55%.
AECOM Company Profile
(
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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