Millennium Management LLC Has $24.56 Million Stock Holdings in AECOM (NYSE:ACM)

Millennium Management LLC lessened its stake in AECOM (NYSE:ACM) by 62.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 229,883 shares of the construction company’s stock after selling 389,109 shares during the period. Millennium Management LLC’s holdings in AECOM were worth $24,556,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in AECOM by 5.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 936,607 shares of the construction company’s stock valued at $100,048,000 after acquiring an additional 49,985 shares during the last quarter. Lazard Asset Management LLC bought a new stake in AECOM during the 4th quarter worth approximately $7,647,000. Janus Henderson Group PLC grew its holdings in AECOM by 34.1% during the fourth quarter. Janus Henderson Group PLC now owns 5,114 shares of the construction company’s stock worth $546,000 after buying an additional 1,300 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of AECOM in the fourth quarter valued at about $348,000. Finally, Focus Partners Wealth bought a new stake in AECOM in the 4th quarter worth about $415,000. 85.41% of the stock is currently owned by institutional investors.

AECOM Price Performance

NYSE ACM opened at $108.91 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. The company has a market cap of $14.41 billion, a PE ratio of 30.94, a price-to-earnings-growth ratio of 1.63 and a beta of 0.96. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56. The firm’s 50-day simple moving average is $96.92 and its two-hundred day simple moving average is $103.51.

AECOM (NYSE:ACM) last announced its quarterly earnings results on Monday, May 5th. The construction company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.10. The company had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $4.18 billion. AECOM had a net margin of 2.93% and a return on equity of 26.84%. AECOM’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.04 EPS. Research analysts predict 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 was paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Wednesday, April 2nd. AECOM’s dividend payout ratio (DPR) is presently 22.66%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ACM shares. Barclays boosted their target price on AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Robert W. Baird increased their price target 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. Truist Financial lowered their price objective on shares of AECOM from $129.00 to $121.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. 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 research note on Wednesday, May 7th. 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. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $119.00.

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.