Brown Advisory Inc. Acquires 975 Shares of AECOM (NYSE:ACM)

Brown Advisory Inc. raised its position in shares of AECOM (NYSE:ACM) by 32.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,956 shares of the construction company’s stock after purchasing an additional 975 shares during the quarter. Brown Advisory Inc.’s holdings in AECOM were worth $367,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ACM. Prudential Financial Inc. grew its position in shares of AECOM by 16.6% during the 4th quarter. Prudential Financial Inc. now owns 27,524 shares of the construction company’s stock valued at $2,940,000 after acquiring an additional 3,921 shares during the period. OneDigital Investment Advisors LLC bought a new position in AECOM in the 1st quarter worth about $256,000. Raymond James Financial Inc. bought a new position in shares of AECOM during the fourth quarter valued at approximately $9,705,000. Private Trust Co. NA boosted its stake in shares of AECOM by 37.2% during the first quarter. Private Trust Co. NA now owns 413 shares of the construction company’s stock valued at $38,000 after purchasing an additional 112 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in AECOM by 3.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,790 shares of the construction company’s stock valued at $722,000 after acquiring an additional 286 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ACM shares. Citigroup raised their price target on shares of AECOM from $116.00 to $122.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Royal Bank Of Canada boosted their target price on shares of AECOM from $123.00 to $126.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Truist Financial cut their target price on shares of AECOM from $129.00 to $121.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Robert W. Baird increased their price objective on shares of AECOM from $108.00 to $118.00 and gave the company an “outperform” rating in a research report on Tuesday, May 6th. Finally, KeyCorp decreased their price target 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 investment analysts have rated the stock with a buy rating, According to data from MarketBeat, AECOM currently has a consensus rating of “Buy” and an average price target of $120.86.

AECOM Stock Performance

Shares of NYSE ACM opened at $113.16 on Wednesday. The company has a market cap of $14.97 billion, a PE ratio of 24.65, a price-to-earnings-growth ratio of 1.85 and a beta of 0.96. AECOM has a 12 month low of $84.75 and a 12 month high of $118.56. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.15 and a quick ratio of 1.15. The company has a 50-day simple moving average of $110.72 and a 200-day simple moving average of $103.60.

AECOM (NYSE:ACM) last released its quarterly earnings data on Monday, May 5th. The construction company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.10. AECOM had a net margin of 3.85% and a return on equity of 27.67%. The company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the previous year, the firm earned $1.04 earnings per share. AECOM’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, equities analysts anticipate that AECOM will post 5.1 earnings per share for the current 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 issued a $0.26 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.04 annualized dividend and a yield of 0.92%. AECOM’s dividend payout ratio is presently 22.66%.

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.