Raymond James & Associates Acquires 490 Shares of AECOM (NYSE:ACM)

Raymond James & Associates lifted its holdings in AECOM (NYSE:ACM) by 1.3% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 37,221 shares of the construction company’s stock after acquiring an additional 490 shares during the quarter. Raymond James & Associates’ holdings in AECOM were worth $3,844,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. EntryPoint Capital LLC purchased a new position in shares of AECOM in the first quarter worth $25,000. Family Firm Inc. purchased a new position in shares of AECOM in the second quarter worth $31,000. UMB Bank n.a. increased its stake in shares of AECOM by 196.2% in the third quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock worth $40,000 after buying an additional 257 shares during the period. Versant Capital Management Inc increased its stake in shares of AECOM by 4,375.0% in the second quarter. Versant Capital Management Inc now owns 537 shares of the construction company’s stock worth $47,000 after buying an additional 525 shares during the period. Finally, Kathleen S. Wright Associates Inc. purchased a new position in shares of AECOM in the third quarter worth $50,000. 85.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on ACM shares. Citigroup boosted their price objective on shares of AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Robert W. Baird boosted their price objective on shares of AECOM from $96.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Barclays boosted their price objective on shares of AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. KeyCorp boosted their target price on shares of AECOM from $99.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Finally, Truist Financial boosted their target price on shares of AECOM from $108.00 to $119.00 and gave the company a “buy” rating in a report on Friday, October 4th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM currently has a consensus rating of “Buy” and an average price target of $112.29.

AECOM Stock Performance

Shares of AECOM stock opened at $108.40 on Monday. The stock has a market cap of $14.53 billion, a price-to-earnings ratio of 58.28, a PEG ratio of 1.61 and a beta of 1.17. The firm’s 50-day moving average is $102.25 and its 200 day moving average is $94.45. AECOM has a 1 year low of $76.95 and a 1 year high of $109.98. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.13 and a quick ratio of 1.13.

AECOM (NYSE:ACM) last announced its quarterly earnings results on Monday, August 5th. The construction company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.04. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $1.85 billion. AECOM had a net margin of 1.61% and a return on equity of 24.14%. AECOM’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.94 EPS. Sell-side analysts anticipate that AECOM will post 4.46 EPS for the current fiscal year.

AECOM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, October 2nd were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Wednesday, October 2nd. AECOM’s payout ratio is 47.31%.

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.