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

Brown Advisory Inc. lifted its position in AECOM (NYSE:ACM) by 32.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,956 shares of the construction company’s stock after buying an additional 975 shares during the period. Brown Advisory Inc.’s holdings in AECOM were worth $367,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ACM. Jones Financial Companies Lllp raised its holdings in AECOM by 821.4% in the fourth quarter. Jones Financial Companies Lllp now owns 645 shares of the construction company’s stock valued at $69,000 after acquiring an additional 575 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of AECOM during the 4th quarter worth about $55,000. Raymond James Financial Inc. acquired a new position in shares of AECOM in the 4th quarter valued at approximately $9,705,000. HighTower Advisors LLC grew its stake in AECOM by 24.7% during the 4th quarter. HighTower Advisors LLC now owns 14,457 shares of the construction company’s stock worth $1,544,000 after buying an additional 2,863 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of AECOM by 27.2% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 9,237 shares of the construction company’s stock worth $987,000 after purchasing an additional 1,974 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors and hedge funds.

AECOM Trading Down 1.2%

Shares of ACM stock opened at $113.16 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.15 and a current ratio of 1.15. AECOM has a 52-week low of $84.75 and a 52-week high of $118.56. The firm has a market capitalization of $14.97 billion, a PE ratio of 24.65, a PEG ratio of 1.85 and a beta of 0.96. The stock has a fifty day simple moving average of $110.72 and a two-hundred day simple moving average of $103.60.

AECOM (NYSE:ACM) last announced its earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share for the quarter, beating 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 last year, the firm earned $1.04 earnings per share. AECOM’s revenue was up 2.6% compared to the same quarter last year. On average, analysts predict that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Stockholders 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 dividend yield of 0.92%. AECOM’s dividend payout ratio is currently 22.66%.

Wall Street Analyst Weigh In

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

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.