Belpointe Asset Management LLC Acquires New Position in AECOM (NYSE:ACM)

Belpointe Asset Management LLC acquired a new position in shares of AECOM (NYSE:ACM – Get Rating) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 872 shares of the construction company’s stock, valued at approximately $74,000.

A number of other institutional investors also recently bought and sold shares of the company. UBS Group AG boosted its stake in AECOM by 23.7% during the fourth quarter. UBS Group AG now owns 805,711 shares of the construction company’s stock worth $68,429,000 after buying an additional 154,278 shares during the period. Sierra Capital LLC purchased a new stake in AECOM in the fourth quarter valued at approximately $595,000. California Public Employees Retirement System grew its stake in shares of AECOM by 2.3% in the fourth quarter. California Public Employees Retirement System now owns 328,451 shares of the construction company’s stock valued at $27,895,000 after buying an additional 7,367 shares in the last quarter. Swiss National Bank lifted its stake in AECOM by 0.8% during the 4th quarter. Swiss National Bank now owns 320,280 shares of the construction company’s stock worth $27,201,000 after acquiring an additional 2,600 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in AECOM by 274.8% during the 4th quarter. Russell Investments Group Ltd. now owns 261,544 shares of the construction company’s stock valued at $22,213,000 after acquiring an additional 191,766 shares during the period. 84.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on ACM. StockNews.com raised shares of AECOM from a “hold” rating to a “buy” rating in a research report on Wednesday, May 17th. Citigroup increased their price objective on AECOM from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, February 8th. Robert W. Baird decreased their target price on AECOM from $103.00 to $100.00 in a report on Tuesday, May 9th. Finally, Royal Bank of Canada upped their price target on AECOM from $94.00 to $102.00 in a report on Wednesday, February 8th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $99.00.

AECOM Stock Down 0.7 %

Shares of NYSE ACM opened at $79.28 on Monday. The business has a 50-day moving average of $81.91 and a two-hundred day moving average of $83.92. The company has a market capitalization of $11.02 billion, a price-to-earnings ratio of 29.92, a price-to-earnings-growth ratio of 1.96 and a beta of 1.29. AECOM has a 1 year low of $60.74 and a 1 year high of $92.16. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.09 and a quick ratio of 1.09.

AECOM (NYSE:ACM – Get Rating) last announced 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 return on equity of 18.72% and a net margin of 2.75%. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same period in the prior year, the company posted $0.83 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, analysts forecast that AECOM will post 3.69 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 21st. Investors of record on Wednesday, April 5th were given a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, April 4th. This represents a $0.72 dividend on an annualized basis and a yield of 0.91%. AECOM’s dividend payout ratio (DPR) is presently 27.17%.

AECOM Profile

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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.