Stephens Inc. AR Raises Stock Holdings in AECOM (NYSE:ACM)

Stephens Inc. AR boosted its holdings in AECOM (NYSE:ACM) by 27.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,918 shares of the construction company’s stock after buying an additional 633 shares during the quarter. Stephens Inc. AR’s holdings in AECOM were worth $271,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of ACM. Brown Brothers Harriman & Co. increased its position in shares of AECOM by 17.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 691 shares of the construction company’s stock valued at $74,000 after purchasing an additional 103 shares during the last quarter. Private Trust Co. NA increased its position in shares of AECOM by 37.2% during the 1st 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 during the last quarter. Ellevest Inc. increased its position in shares of AECOM by 2.2% during the 4th quarter. Ellevest Inc. now owns 5,820 shares of the construction company’s stock valued at $622,000 after purchasing an additional 124 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of AECOM by 0.5% during the 4th quarter. Bessemer Group Inc. now owns 30,959 shares of the construction company’s stock valued at $3,307,000 after acquiring an additional 156 shares during the period. Finally, Gateway Investment Advisers LLC grew its stake in shares of AECOM by 7.8% during the 1st quarter. Gateway Investment Advisers LLC now owns 2,196 shares of the construction company’s stock valued at $204,000 after acquiring an additional 158 shares during the period. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Analysts Set New Price Targets

ACM has been the subject of a number of recent research reports. Truist Financial cut their price objective on AECOM from $129.00 to $121.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. KeyCorp boosted their price objective on AECOM from $120.00 to $129.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Robert W. Baird boosted their price objective on AECOM from $108.00 to $118.00 and gave the company an “outperform” rating in a research note on Tuesday, May 6th. Citigroup boosted their price objective on AECOM from $116.00 to $122.00 and gave the company a “buy” rating in a research note on Wednesday, May 7th. Finally, Royal Bank Of Canada upped their price target on AECOM from $123.00 to $126.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $123.71.

AECOM Stock Down 0.6%

Shares of ACM opened at $113.35 on Monday. The company has a market cap of $15.00 billion, a PE ratio of 24.69, a P/E/G ratio of 1.83 and a beta of 0.96. The business has a fifty day moving average of $111.32 and a 200 day moving average of $103.72. AECOM has a 52-week low of $84.75 and a 52-week high of $118.56. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.00.

AECOM (NYSE:ACM) last issued its quarterly earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.10. The company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $4.18 billion. AECOM had a return on equity of 27.67% and a net margin of 3.85%. AECOM’s revenue was up 2.6% on a year-over-year basis. During the same period last year, the company earned $1.04 earnings per share. On average, sell-side analysts expect that AECOM will post 5.1 EPS for the current year.

AECOM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Wednesday, July 2nd were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, July 2nd. This represents a $1.04 annualized dividend and a dividend yield of 0.92%. AECOM’s dividend payout ratio (DPR) is 22.66%.

AECOM 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.