AECOM (NYSE:ACM) Stake Lowered by New York Life Investment Management LLC

New York Life Investment Management LLC cut its holdings in shares of AECOM (NYSE:ACM) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,357 shares of the construction company’s stock after selling 155 shares during the period. New York Life Investment Management LLC’s holdings in AECOM were worth $1,419,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. lifted its position in AECOM by 1.5% in the fourth quarter. Victory Capital Management Inc. now owns 323,544 shares of the construction company’s stock worth $29,905,000 after purchasing an additional 4,681 shares during the period. Kestra Private Wealth Services LLC acquired a new stake in shares of AECOM during the 4th quarter valued at $309,000. Magnus Financial Group LLC acquired a new stake in shares of AECOM during the 4th quarter valued at $222,000. Russell Investments Group Ltd. lifted its position in shares of AECOM by 19.8% during the 4th quarter. Russell Investments Group Ltd. now owns 376,706 shares of the construction company’s stock valued at $34,856,000 after acquiring an additional 62,272 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of AECOM during the 4th quarter valued at $40,000. 85.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ACM shares. TheStreet upgraded AECOM from a “c+” rating to a “b” rating in a research report on Monday, February 5th. Citigroup increased their price objective on AECOM from $107.00 to $116.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Royal Bank of Canada reissued an “outperform” rating and set a $109.00 target price on shares of AECOM in a research note on Wednesday, February 7th. Truist Financial assumed coverage on shares of AECOM in a research note on Thursday, March 14th. They set a “buy” rating and a $106.00 target price on the stock. Finally, KeyCorp boosted their target price on shares of AECOM from $104.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $106.43.

AECOM Price Performance

Shares of ACM stock opened at $93.18 on Wednesday. AECOM has a 52-week low of $74.40 and a 52-week high of $98.72. The stock has a market cap of $12.67 billion, a PE ratio of 207.07, a PEG ratio of 1.41 and a beta of 1.23. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.05 and a current ratio of 1.05. The firm’s 50 day moving average price is $93.90 and its two-hundred day moving average price is $89.77.

AECOM (NYSE:ACM) last announced its quarterly earnings results on Monday, May 6th. The construction company reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01). The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $1.80 billion. AECOM had a return on equity of 21.45% and a net margin of 0.42%. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.92 earnings per share. As a group, analysts forecast that AECOM will post 4.43 EPS for the current year.

AECOM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Wednesday, April 24th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $0.88 annualized dividend and a yield of 0.94%. AECOM’s 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.