Nebula Research & Development LLC purchased a new position in shares of AECOM (NYSE:ACM - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,330 shares of the construction company's stock, valued at approximately $1,103,000.
Other hedge funds have also made changes to their positions in the company. Prudential Financial Inc. increased its stake in AECOM by 16.6% during the 4th quarter. Prudential Financial Inc. now owns 27,524 shares of the construction company's stock worth $2,940,000 after buying an additional 3,921 shares during the period. Magnus Financial Group LLC increased its position in shares of AECOM by 93.5% during the fourth quarter. Magnus Financial Group LLC now owns 4,860 shares of the construction company's stock worth $519,000 after acquiring an additional 2,348 shares during the period. JPMorgan Chase & Co. raised its stake 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 valued at $79,339,000 after acquiring an additional 220,035 shares in the last quarter. Raymond James Financial Inc. purchased a new position in AECOM in the fourth quarter valued at $9,705,000. Finally, TT International Asset Management LTD acquired a new position in AECOM during the 4th quarter worth $3,578,000. Institutional investors and hedge funds own 85.41% of the company's stock.
Wall Street Analyst Weigh In
ACM has been the subject of several recent research reports. KeyCorp decreased their price objective on AECOM from $121.00 to $109.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Barclays increased 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. Truist Financial decreased their price objective on shares of AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Robert W. Baird lowered their target price on shares of 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 cut their price target on AECOM from $127.00 to $116.00 and set a "buy" rating on the stock in a research note on Friday. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM has an average rating of "Buy" and a consensus price target of $116.50.
View Our Latest Report on AECOM
AECOM Price Performance
Shares of ACM opened at $97.34 on Friday. 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 has a market cap of $12.91 billion, a PE ratio of 27.65, a price-to-earnings-growth ratio of 1.63 and a beta of 1.03. The firm has a fifty day moving average price of $94.78 and a 200 day moving average price of $103.85.
AECOM (NYSE:ACM - Get Free Report) last posted its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, beating 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%. As a group, sell-side analysts anticipate that AECOM will post 5.1 EPS for the current year.
AECOM Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.07%. AECOM's dividend payout ratio (DPR) is presently 29.55%.
AECOM 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.
Featured Stories
Want to see what other hedge funds are holding ACM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AECOM (NYSE:ACM - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider AECOM, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AECOM wasn't on the list.
While AECOM currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
