GAMMA Investing LLC Invests $35,000 in AECOM (NYSE:ACM)

GAMMA Investing LLC bought a new position in shares of AECOM (NYSE:ACM) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 393 shares of the construction company’s stock, valued at approximately $35,000.

Other institutional investors have also made changes to their positions in the company. Manchester Capital Management LLC acquired a new position in shares of AECOM during the third quarter worth $38,000. Friedenthal Financial acquired a new position in shares of AECOM during the fourth quarter worth $44,000. Tobam acquired a new position in shares of AECOM during the fourth quarter worth $58,000. Arlington Trust Co LLC acquired a new position in shares of AECOM during the fourth quarter worth $62,000. Finally, Signaturefd LLC raised its holdings in AECOM by 57.5% in the third quarter. Signaturefd LLC now owns 849 shares of the construction company’s stock valued at $71,000 after acquiring an additional 310 shares in the last quarter. 85.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ACM shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $109.00 price target on shares of AECOM in a report on Wednesday, February 7th. KeyCorp upped their price target on shares of AECOM from $104.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Truist Financial started coverage on shares of AECOM in a report on Thursday, March 14th. They issued 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 report on Tuesday, February 6th. Finally, TheStreet raised shares of AECOM from a “c+” rating to a “b” rating in a report on Monday, February 5th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, AECOM currently has an average rating of “Buy” and an average price target of $105.43.

AECOM Stock Up 0.5 %

ACM stock opened at $94.72 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.05 and a quick ratio of 1.05. AECOM has a 1-year low of $74.40 and a 1-year high of $98.72. The firm has a fifty day moving average price of $93.69 and a two-hundred day moving average price of $89.47. The firm has a market cap of $12.88 billion, a price-to-earnings ratio of 210.49, a PEG ratio of 1.41 and a beta of 1.23.

AECOM (NYSE:ACM) last released its earnings results on Tuesday, February 6th. The construction company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.13. AECOM had a net margin of 0.42% and a return on equity of 21.45%. The firm had revenue of $3.90 billion during the quarter. During the same quarter in the previous year, the firm earned $0.86 EPS. Research analysts predict that AECOM will post 4.43 EPS for the current year.

AECOM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Wednesday, April 24th will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $0.88 annualized dividend and a dividend yield of 0.93%. AECOM’s dividend payout ratio is currently 195.56%.

About AECOM

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.