Sandhill Capital Partners LLC Invests $36.93 Million in AECOM (NYSE:ACM)

Sandhill Capital Partners LLC acquired a new position in shares of AECOM (NYSE:ACM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 345,750 shares of the construction company's stock, valued at approximately $36,933,000. AECOM makes up about 2.9% of Sandhill Capital Partners LLC's holdings, making the stock its 17th largest position. Sandhill Capital Partners LLC owned about 0.26% of AECOM as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Principal Securities Inc. increased its position in shares of AECOM by 95.9% in the fourth quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock valued at $25,000 after buying an additional 116 shares in the last quarter. Allworth Financial LP grew its stake in AECOM by 390.6% in the 4th quarter. Allworth Financial LP now owns 260 shares of the construction company's stock valued at $29,000 after acquiring an additional 207 shares during the last quarter. National Pension Service purchased a new position in AECOM during the 4th quarter valued at about $32,000. Wingate Wealth Advisors Inc. purchased a new position in AECOM during the 4th quarter valued at about $51,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of AECOM by 821.4% in the fourth quarter. Jones Financial Companies Lllp now owns 645 shares of the construction company's stock valued at $69,000 after purchasing an additional 575 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

ACM has been the subject of a number of recent research reports. Robert W. Baird dropped their price objective 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. KeyCorp lowered their target price on AECOM from $122.00 to $121.00 and set an "overweight" rating on the stock in a report on Wednesday, January 8th. Truist Financial cut their price target on AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Citigroup decreased their price objective on AECOM from $128.00 to $127.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Finally, Barclays lifted their price objective on AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. 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 $119.38.

AECOM Trading Up 0.5 %

Shares of NYSE:ACM traded up $0.49 during midday trading on Friday, reaching $93.66. The company's stock had a trading volume of 1,169,719 shares, compared to its average volume of 896,993. The business has a 50 day moving average price of $96.71 and a 200 day moving average price of $104.47. AECOM has a 1 year low of $82.23 and a 1 year high of $118.56. The firm has a market cap of $12.42 billion, a price-to-earnings ratio of 26.61, a price-to-earnings-growth ratio of 1.63 and a beta of 1.03. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02.

AECOM (NYSE:ACM - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 EPS 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%. Research analysts forecast that AECOM will post 5.1 EPS for the current year.

AECOM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.11%. AECOM's payout ratio is 29.55%.

AECOM Profile

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.