M&T Bank Corp Sells 478 Shares of AECOM (NYSE:ACM)

M&T Bank Corp decreased its position in AECOM (NYSE:ACM) by 6.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 6,838 shares of the construction company’s stock after selling 478 shares during the quarter. M&T Bank Corp’s holdings in AECOM were worth $634,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ACM. Jones Financial Companies Lllp grew its holdings in shares of AECOM by 821.4% in the 4th quarter. Jones Financial Companies Lllp now owns 645 shares of the construction company’s stock worth $69,000 after purchasing an additional 575 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in AECOM during the 4th quarter worth about $55,000. Raymond James Financial Inc. bought a new stake in AECOM during the 4th quarter worth about $9,705,000. HighTower Advisors LLC grew its holdings 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 acquiring an additional 2,863 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in AECOM by 27.2% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 9,237 shares of the construction company’s stock worth $987,000 after acquiring an additional 1,974 shares during the last quarter. Institutional investors own 85.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ACM shares. Robert W. Baird increased their price objective on shares of AECOM from $108.00 to $118.00 and gave the stock an “outperform” rating in a report on Tuesday, May 6th. Citigroup increased their price objective on shares of AECOM from $116.00 to $122.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Truist Financial decreased their price objective on shares of AECOM from $129.00 to $121.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. KeyCorp cut their target price on shares of AECOM from $121.00 to $109.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Finally, Royal Bank Of Canada upped their target price on shares of AECOM from $123.00 to $126.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently 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 capitalization of $14.97 billion, a price-to-earnings ratio of 24.65, a P/E/G ratio of 1.85 and a beta of 0.96. The firm’s 50 day simple moving average is $110.72 and its 200 day simple moving average is $103.60. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.15 and a quick ratio of 1.15. AECOM has a fifty-two week low of $84.75 and a fifty-two week 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. The business had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $4.18 billion. AECOM had a net margin of 3.85% and a return on equity of 27.67%. AECOM’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period last year, the company posted $1.04 EPS. As a group, sell-side analysts forecast that AECOM will post 5.1 earnings per share for the current year.

AECOM Dividend Announcement

The company 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 is Wednesday, July 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.92%. AECOM’s dividend payout ratio is 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.