Twin Tree Management LP Takes $2.48 Million Position in AECOM (NYSE:ACM)

Twin Tree Management LP acquired a new stake in shares of AECOM (NYSE:ACM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 23,178 shares of the construction company's stock, valued at approximately $2,476,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC increased its stake in AECOM by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,270,408 shares of the construction company's stock worth $233,918,000 after acquiring an additional 14,511 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of AECOM by 17.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,989,238 shares of the construction company's stock worth $205,429,000 after purchasing an additional 289,513 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of AECOM by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 893,903 shares of the construction company's stock worth $95,487,000 after purchasing an additional 6,513 shares during the last quarter. AGF Management Ltd. raised its stake in AECOM by 0.7% in the fourth quarter. AGF Management Ltd. now owns 871,893 shares of the construction company's stock valued at $93,136,000 after purchasing an additional 5,660 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in AECOM by 40.1% during the third quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company's stock valued at $79,339,000 after purchasing an additional 220,035 shares during the last quarter. Institutional investors own 85.41% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

ACM has been the subject of several research reports. KeyCorp cut their target price on shares of AECOM from $122.00 to $121.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Truist Financial upped their price objective on shares of AECOM from $119.00 to $129.00 and gave the company a "buy" rating in a research note on Friday, November 22nd. Barclays lifted their target price on shares of AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. The Goldman Sachs Group assumed coverage on shares of AECOM in a research report on Friday, November 22nd. They set a "buy" rating and a $130.00 price target for the company. Finally, Citigroup decreased their price objective on AECOM from $128.00 to $127.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, AECOM presently has a consensus rating of "Buy" and an average target price of $120.38.

AECOM Trading Down 0.9 %

Shares of AECOM stock traded down $0.85 during trading on Friday, reaching $94.14. 2,551,126 shares of the stock were exchanged, compared to its average volume of 816,571. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. The firm has a market cap 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 1 year low of $82.23 and a 1 year high of $118.56. The stock's fifty day moving average is $101.78 and its 200 day moving average is $105.09.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, topping 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, equities research analysts expect that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders 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 annualized dividend and a yield of 1.10%. AECOM's dividend payout ratio (DPR) is presently 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.