Victory Capital Management Inc. cut its holdings in AECOM (NYSE:ACM – Get Rating) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 240,666 shares of the construction company’s stock after selling 2,040 shares during the period. Victory Capital Management Inc. owned about 0.17% of AECOM worth $20,586,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of ACM. Point72 Hong Kong Ltd purchased a new position in shares of AECOM during the first quarter worth about $25,000. Bessemer Group Inc. grew its holdings in shares of AECOM by 4,060.0% during the third quarter. Bessemer Group Inc. now owns 416 shares of the construction company’s stock worth $28,000 after purchasing an additional 406 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of AECOM by 20.3% during the third quarter. Quadrant Capital Group LLC now owns 805 shares of the construction company’s stock worth $55,000 after purchasing an additional 136 shares during the last quarter. Fred Alger Management LLC purchased a new position in shares of AECOM during the third quarter worth about $59,000. Finally, Belpointe Asset Management LLC purchased a new position in shares of AECOM during the fourth quarter worth about $74,000. 84.26% of the stock is currently owned by institutional investors and hedge funds.
AECOM Price Performance
ACM stock opened at $79.28 on Monday. The firm has a 50 day moving average of $81.91 and a 200-day moving average of $83.92. AECOM has a 12-month low of $60.74 and a 12-month high of $92.16. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.79. The company has a market cap of $11.02 billion, a price-to-earnings ratio of 29.92, a PEG ratio of 1.96 and a beta of 1.29.
AECOM (NYSE:ACM – Get Rating) last posted its quarterly earnings results on Tuesday, May 9th. The construction company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.04. AECOM had a net margin of 2.75% and a return on equity of 18.72%. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same period last year, the firm earned $0.83 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities analysts expect that AECOM will post 3.69 EPS for the current fiscal year.
AECOM Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 21st. Investors of record on Wednesday, April 5th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, April 4th. This represents a $0.72 annualized dividend and a dividend yield of 0.91%. AECOM’s dividend payout ratio is currently 27.17%.
Analyst Ratings Changes
A number of research firms recently issued reports on ACM. StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a report on Wednesday, May 17th. Citigroup raised their price target on AECOM from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, February 8th. Robert W. Baird lowered their price target on AECOM from $103.00 to $100.00 in a report on Tuesday, May 9th. Finally, Royal Bank of Canada raised their price target on AECOM from $94.00 to $102.00 in a report on Wednesday, February 8th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $99.00.
AECOM Company Profile
AECOM engages in the design, manufacture, financing, and operation of infrastructure assets for governments, businesses and organizations. It operates through the following segments: Americas, International, and AECOM Capital. The Americas segment deals with planning, consulting, architectural and engineering design and construction management services to commercial and government clients in the United States, Canada and Latin America in major end markets such as transportation, water, government, facilities, environmental and energy.