M&T Bank Corp boosted its holdings in shares of AECOM (NYSE:ACM – Get Rating) by 46.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,742 shares of the construction company’s stock after buying an additional 2,449 shares during the quarter. M&T Bank Corp’s holdings in AECOM were worth $317,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the business. State Street Corp increased its position in AECOM by 4.0% during the first quarter. State Street Corp now owns 4,010,268 shares of the construction company’s stock worth $308,029,000 after buying an additional 156,072 shares during the last quarter. Invesco Ltd. grew its position in shares of AECOM by 39.2% in the first quarter. Invesco Ltd. now owns 3,456,275 shares of the construction company’s stock valued at $265,478,000 after purchasing an additional 972,449 shares during the last quarter. AGF Investments Inc. grew its position in shares of AECOM by 17.2% in the first quarter. AGF Investments Inc. now owns 1,576,000 shares of the construction company’s stock valued at $121,053,000 after purchasing an additional 231,192 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of AECOM by 3.2% in the first quarter. Bank of New York Mellon Corp now owns 1,388,085 shares of the construction company’s stock valued at $106,619,000 after purchasing an additional 43,292 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of AECOM by 1.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,242,902 shares of the construction company’s stock valued at $95,468,000 after purchasing an additional 14,372 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on ACM shares. Credit Suisse Group raised their price target on AECOM to $81.00 in a research report on Monday, August 15th. StockNews.com started coverage on AECOM in a research report on Wednesday, October 12th. They issued a “buy” rating on the stock. Robert W. Baird raised their price target on AECOM from $82.00 to $89.00 and gave the company an “outperform” rating in a research report on Friday, August 26th. Finally, Citigroup lowered their price target on AECOM from $92.00 to $85.00 in a research report on Friday, July 22nd. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $88.38.
AECOM Stock Up 0.7 %
AECOM (NYSE:ACM – Get Rating) last announced its quarterly earnings results on Monday, November 14th. The construction company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.01). The business had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.56 billion. AECOM had a return on equity of 18.25% and a net margin of 2.30%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.81 EPS. On average, research analysts forecast that AECOM will post 3.42 EPS for the current year.
AECOM Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, October 21st. Shareholders of record on Wednesday, October 5th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Tuesday, October 4th. AECOM’s dividend payout ratio is 28.57%.
AECOM engages in the design, build, finance, and operation of infrastructure assets for governments, businesses and organizations. It operates through the following segments: Americas, International, and AECOM Capital. The Americas segment engages in 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.
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