Focus Partners Wealth Invests $415,000 in AECOM (NYSE:ACM)

Focus Partners Wealth bought a new position in shares of AECOM (NYSE:ACM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,881 shares of the construction company’s stock, valued at approximately $415,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Ellevest Inc. grew its holdings in shares of AECOM by 2.2% in the 4th quarter. Ellevest Inc. now owns 5,820 shares of the construction company’s stock worth $622,000 after acquiring an additional 124 shares during the period. Ensign Peak Advisors Inc grew its holdings in shares of AECOM by 2.4% in the 4th quarter. Ensign Peak Advisors Inc now owns 36,486 shares of the construction company’s stock worth $3,897,000 after acquiring an additional 858 shares during the period. Ethic Inc. grew its holdings in shares of AECOM by 9.1% in the 4th quarter. Ethic Inc. now owns 26,527 shares of the construction company’s stock worth $2,834,000 after acquiring an additional 2,214 shares during the period. FORA Capital LLC acquired a new stake in shares of AECOM in the 4th quarter worth approximately $863,000. Finally, Deutsche Bank AG grew its holdings in shares of AECOM by 9.8% in the 4th quarter. Deutsche Bank AG now owns 1,114,581 shares of the construction company’s stock worth $119,060,000 after acquiring an additional 99,211 shares during the period. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Trading Down 0.1%

Shares of AECOM stock opened at $108.82 on Wednesday. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56. The firm has a market cap of $14.40 billion, a PE ratio of 30.91, a P/E/G ratio of 1.63 and a beta of 0.96. The business’s fifty day moving average is $97.23 and its two-hundred day moving average is $103.55. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02.

AECOM (NYSE:ACM) last issued its quarterly earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.10. AECOM had a return on equity of 26.84% and a net margin of 2.93%. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same quarter in the prior year, the company posted $1.04 EPS. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. Analysts anticipate that AECOM will post 5.1 earnings per share for the current year.

AECOM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Wednesday, April 2nd. AECOM’s dividend payout ratio (DPR) is currently 22.66%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ACM. KeyCorp lowered their price target on AECOM from $121.00 to $109.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Citigroup upped their target price on AECOM from $116.00 to $122.00 and gave the company a “buy” rating in a research note on Wednesday, May 7th. Robert W. Baird upped their target price on AECOM from $108.00 to $118.00 and gave the company an “outperform” rating in a research note on Tuesday, May 6th. Barclays upped their target price on AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, Royal Bank of Canada upped their target price on AECOM from $123.00 to $126.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $119.00.

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.