Pallas Capital Advisors LLC Makes New $340,000 Investment in AECOM (NYSE:ACM)

Pallas Capital Advisors LLC acquired a new position in shares of AECOM (NYSE:ACMFree Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,675 shares of the construction company’s stock, valued at approximately $340,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Point72 Hong Kong Ltd purchased a new position in AECOM during the 1st quarter worth $25,000. Janiczek Wealth Management LLC purchased a new stake in shares of AECOM in the third quarter valued at about $28,000. Manchester Capital Management LLC purchased a new stake in shares of AECOM in the third quarter valued at about $38,000. Money Concepts Capital Corp purchased a new stake in shares of AECOM in the fourth quarter valued at about $55,000. Finally, Fred Alger Management LLC purchased a new stake in shares of AECOM in the third quarter valued at about $59,000. 85.41% of the stock is owned by hedge funds and other institutional investors.

AECOM Stock Down 0.7 %

Shares of NYSE ACM opened at $97.03 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $13.20 billion, a price-to-earnings ratio of 215.63, a price-to-earnings-growth ratio of 1.45 and a beta of 1.24. The firm has a 50-day moving average price of $91.20 and a 200 day moving average price of $87.56. AECOM has a 52 week low of $74.40 and a 52 week high of $98.72.

AECOM (NYSE:ACMGet Free Report) last announced its earnings results on Tuesday, February 6th. The construction company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.13. The company had revenue of $3.90 billion during 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 firm posted $0.86 EPS. Equities research analysts anticipate that AECOM will post 4.45 EPS for the current fiscal year.

AECOM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Wednesday, April 24th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Tuesday, April 23rd. AECOM’s payout ratio is currently 195.56%.

Wall Street Analysts Forecast Growth

ACM has been the topic of several analyst reports. Robert W. Baird lifted their target price on shares of AECOM from $100.00 to $103.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $109.00 target price on shares of AECOM in a report on Wednesday, February 7th. Barclays lifted their target price on shares of AECOM from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Truist Financial began coverage on shares of AECOM in a report on Thursday, March 14th. They issued a “buy” rating and a $106.00 target price on the stock. Finally, KeyCorp began coverage on shares of AECOM in a research note on Wednesday, January 10th. They issued an “overweight” rating and a $104.00 price objective for the company. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $102.00.

Read Our Latest Research Report on ACM

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.

Recommended Stories

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.