Cerity Partners LLC Raises Stock Position in AECOM (NYSE:ACM)

Cerity Partners LLC lifted its stake in shares of AECOM (NYSE:ACM) by 203.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 10,780 shares of the construction company’s stock after acquiring an additional 7,222 shares during the quarter. Cerity Partners LLC’s holdings in AECOM were worth $997,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ACM. Oak Thistle LLC purchased a new stake in AECOM in the 4th quarter valued at $1,789,000. Raymond James & Associates raised its position in AECOM by 5.4% in the 4th quarter. Raymond James & Associates now owns 33,923 shares of the construction company’s stock valued at $3,136,000 after purchasing an additional 1,740 shares during the last quarter. iA Global Asset Management Inc. raised its position in AECOM by 33.3% in the 3rd quarter. iA Global Asset Management Inc. now owns 180,575 shares of the construction company’s stock valued at $14,995,000 after purchasing an additional 45,098 shares during the last quarter. Comerica Bank purchased a new stake in AECOM in the 3rd quarter valued at $5,454,000. Finally, Pallas Capital Advisors LLC purchased a new stake in AECOM in the 4th quarter valued at $340,000. Hedge funds and other institutional investors own 85.41% of the company’s stock.

AECOM Stock Performance

NYSE:ACM opened at $93.35 on Monday. 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 fifty-two week low of $74.40 and a fifty-two week high of $98.72. The stock has a market cap of $12.70 billion, a PE ratio of 207.45, a price-to-earnings-growth ratio of 1.38 and a beta of 1.24. The firm’s fifty day simple moving average is $92.81 and its 200-day simple moving average is $88.73.

AECOM (NYSE:ACM) last posted its quarterly earnings results on Tuesday, February 6th. The construction company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.13. AECOM had a net margin of 0.42% and a return on equity of 21.45%. The business had revenue of $3.90 billion for the quarter. During the same period last year, the company earned $0.86 earnings per share. Analysts expect that AECOM will post 4.43 earnings per share for the current fiscal year.

AECOM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Wednesday, April 24th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.94%. AECOM’s dividend payout ratio (DPR) is presently 195.56%.

Analysts Set New Price Targets

ACM has been the subject of several research reports. 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 report on Tuesday, February 6th. Barclays boosted their price objective 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. KeyCorp boosted their price objective on shares of AECOM from $104.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday. TheStreet raised shares of AECOM from a “c+” rating to a “b” rating in a research note on Monday, February 5th. Finally, Truist Financial initiated coverage on shares of AECOM in a research note on Thursday, March 14th. They issued a “buy” rating and a $106.00 price objective on the stock. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, AECOM currently has a consensus rating of “Buy” and a consensus price target of $102.14.

AECOM Profile

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.