Ballentine Partners LLC Acquires 158 Shares of AECOM (NYSE:ACM)

Ballentine Partners LLC grew its holdings in AECOM (NYSE:ACM) by 4.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,992 shares of the construction company’s stock after purchasing an additional 158 shares during the period. Ballentine Partners LLC’s holdings in AECOM were worth $412,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Findlay Park Partners LLP increased its holdings in shares of AECOM by 22.6% during the first quarter. Findlay Park Partners LLP now owns 2,561,327 shares of the construction company’s stock worth $251,215,000 after buying an additional 472,944 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in AECOM by 5.5% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,339,185 shares of the construction company’s stock worth $206,176,000 after purchasing an additional 122,015 shares in the last quarter. Impax Asset Management Group plc raised its position in AECOM by 15.5% in the second quarter. Impax Asset Management Group plc now owns 1,752,487 shares of the construction company’s stock valued at $154,464,000 after purchasing an additional 235,350 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of AECOM by 18.8% during the second quarter. Bank of New York Mellon Corp now owns 1,628,924 shares of the construction company’s stock valued at $143,573,000 after purchasing an additional 258,250 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of AECOM by 2.7% during the first quarter. Jacobs Levy Equity Management Inc. now owns 980,228 shares of the construction company’s stock worth $96,141,000 after purchasing an additional 26,079 shares during the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Stock Down 0.4 %

ACM stock opened at $104.49 on Monday. The stock’s 50 day simple moving average is $101.22 and its 200 day simple moving average is $93.98. The company has a market cap of $14.22 billion, a P/E ratio of -1,161.00, a price-to-earnings-growth ratio of 1.58 and a beta of 1.17. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.13. AECOM has a fifty-two week low of $74.40 and a fifty-two week high of $108.26.

AECOM (NYSE:ACM) last issued its earnings results on Monday, August 5th. The construction company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.04. AECOM had a return on equity of 24.14% and a net margin of 1.61%. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period in the prior year, the firm earned $0.94 earnings per share. AECOM’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, research analysts expect that AECOM will post 4.46 earnings per share for the current fiscal year.

AECOM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, October 2nd were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Wednesday, October 2nd. AECOM’s dividend payout ratio (DPR) is presently -977.78%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Barclays upped their price target on shares of AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Truist Financial lifted their target price on AECOM from $108.00 to $119.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Robert W. Baird increased their price target on AECOM from $96.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Citigroup raised their price objective on AECOM from $110.00 to $128.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada upped their target price on AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $112.29.

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.