Sharpepoint LLC Acquires New Shares in AECOM (NYSE:ACM)

Sharpepoint LLC bought a new position in shares of AECOM (NYSE:ACM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,486 shares of the construction company's stock, valued at approximately $2,188,000. AECOM comprises 2.0% of Sharpepoint LLC's portfolio, making the stock its 18th largest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. Franklin Resources Inc. grew its stake in shares of AECOM by 1.5% during the 3rd quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company's stock valued at $655,000 after buying an additional 91 shares during the period. Ranch Capital Advisors Inc. raised its stake in shares of AECOM by 2.3% during the fourth quarter. Ranch Capital Advisors Inc. now owns 4,482 shares of the construction company's stock valued at $479,000 after purchasing an additional 99 shares during the period. Brown Brothers Harriman & Co. boosted its stake in shares of AECOM by 17.5% in the fourth quarter. Brown Brothers Harriman & Co. now owns 691 shares of the construction company's stock valued at $74,000 after purchasing an additional 103 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in AECOM by 1.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company's stock valued at $809,000 after purchasing an additional 109 shares in the last quarter. Finally, Avitas Wealth Management LLC increased its stake in AECOM by 0.6% during the 4th quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company's stock worth $2,023,000 after buying an additional 110 shares during the period. Hedge funds and other institutional investors own 85.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ACM shares. Robert W. Baird cut their target price on shares of AECOM from $125.00 to $117.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 4th. KeyCorp dropped their target price on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Barclays lifted their price target on shares of AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Citigroup cut their target price on shares of AECOM from $128.00 to $127.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Finally, Truist Financial lowered their target price on AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, AECOM has a consensus rating of "Buy" and an average price target of $117.88.

AECOM Stock Performance

ACM traded up $1.27 during trading on Wednesday, hitting $95.27. The stock had a trading volume of 723,965 shares, compared to its average volume of 909,890. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56. The company has a 50 day simple moving average of $95.02 and a 200-day simple moving average of $104.02. The firm has a market cap of $12.64 billion, a PE ratio of 27.07, a P/E/G ratio of 1.63 and a beta of 1.03.

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

AECOM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $1.04 annualized dividend and a yield of 1.09%. AECOM's dividend 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.