SG Americas Securities LLC Raises Stake in AECOM (NYSE:ACM)

SG Americas Securities LLC lifted its stake in AECOM (NYSE:ACMFree Report) by 112.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,997 shares of the construction company’s stock after buying an additional 4,758 shares during the quarter. SG Americas Securities LLC’s holdings in AECOM were worth $832,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of ACM. Point72 Hong Kong Ltd purchased a new position in shares of AECOM in the first quarter worth $25,000. Janiczek Wealth Management LLC purchased a new position in shares of AECOM in the third quarter worth $28,000. Manchester Capital Management LLC purchased a new position in shares of AECOM in the third quarter worth $38,000. Money Concepts Capital Corp purchased a new position in shares of AECOM in the fourth quarter worth $55,000. Finally, Fred Alger Management LLC purchased a new position in shares of AECOM in the third quarter worth $59,000. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $109.00 target price on shares of AECOM in a report on Wednesday, February 7th. KeyCorp initiated coverage on shares of AECOM in a research note on Wednesday, January 10th. They set an “overweight” rating and a $104.00 price target on the stock. Truist Financial initiated coverage on shares of AECOM in a research note on Thursday, March 14th. They set a “buy” rating and a $106.00 price target on the stock. Robert W. Baird upped their price target on shares of AECOM from $100.00 to $103.00 and gave the company an “outperform” rating in a research note on Tuesday, February 6th. Finally, Barclays upped their price target on shares of AECOM from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $102.00.

Get Our Latest Stock Analysis on AECOM

AECOM Trading Down 0.4 %

ACM stock opened at $97.73 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.87. AECOM has a twelve month low of $74.40 and a twelve month high of $98.72. The stock has a market capitalization of $13.29 billion, a price-to-earnings ratio of 217.18, a price-to-earnings-growth ratio of 1.45 and a beta of 1.24. The firm’s fifty day simple moving average is $91.03 and its two-hundred day simple moving average is $87.47.

AECOM (NYSE:ACMGet Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The construction company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.13. The firm had revenue of $3.90 billion for the quarter. AECOM had a net margin of 0.42% and a return on equity of 21.45%. During the same quarter in the previous year, the company posted $0.86 earnings per share. As a group, analysts anticipate that AECOM will post 4.45 earnings per share for the current year.

AECOM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Wednesday, April 24th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Tuesday, April 23rd. AECOM’s payout ratio is currently 195.56%.

About AECOM

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for AECOM (NYSE:ACM)

Receive News & Ratings for AECOM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AECOM and related companies with MarketBeat.com's FREE daily email newsletter.