AECOM (NYSE:ACM) Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp grew its holdings in AECOM (NYSE:ACM) by 12.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,863 shares of the construction company’s stock after acquiring an additional 199 shares during the period. Fifth Third Bancorp’s holdings in AECOM were worth $173,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of ACM. Principal Securities Inc. grew its stake in shares of AECOM by 95.9% in the fourth quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock worth $25,000 after acquiring an additional 116 shares in the last quarter. Allworth Financial LP grew its stake in shares of AECOM by 390.6% in the fourth quarter. Allworth Financial LP now owns 260 shares of the construction company’s stock worth $29,000 after acquiring an additional 207 shares in the last quarter. National Pension Service acquired a new position in shares of AECOM in the fourth quarter worth $32,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of AECOM in the fourth quarter worth $35,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of AECOM in the fourth quarter worth $55,000. Institutional investors and hedge funds own 85.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Royal Bank Of Canada boosted their price target on shares of AECOM from $123.00 to $126.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Citigroup boosted their price target on shares of AECOM from $116.00 to $122.00 and gave the stock a “buy” rating in a research note on Wednesday, May 7th. Robert W. Baird boosted their target price on shares of AECOM from $108.00 to $118.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 6th. Truist Financial lowered their target price on shares of AECOM from $129.00 to $121.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Finally, KeyCorp lowered their target price on shares of AECOM from $121.00 to $109.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, AECOM presently has a consensus rating of “Buy” and a consensus target price of $120.86.

AECOM Stock Performance

Shares of ACM stock opened at $110.35 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.00. The firm has a fifty day moving average price of $104.62 and a 200 day moving average price of $103.27. The company has a market cap of $14.60 billion, a P/E ratio of 24.04, a PEG ratio of 1.79 and a beta of 0.97. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56.

AECOM (NYSE:ACM) last announced its quarterly earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.10. AECOM had a net margin of 3.85% and a return on equity of 27.67%. The firm had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same period in the previous year, the company earned $1.04 earnings per share. AECOM’s quarterly revenue was up 2.6% compared to the same quarter last year. Sell-side analysts predict that AECOM will post 5.1 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, July 18th. Investors of record on Wednesday, July 2nd will be given a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 0.94%. AECOM’s dividend payout ratio (DPR) is presently 22.66%.

AECOM Company 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.