abrdn plc Acquires New Position in AECOM (NYSE:ACM)

abrdn plc bought a new position in shares of AECOM (NYSE:ACM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,510 shares of the construction company’s stock, valued at approximately $417,000.

Other institutional investors also recently bought and sold shares of the company. Oak Thistle LLC acquired a new stake in shares of AECOM during the 4th quarter worth approximately $1,789,000. Raymond James & Associates increased its stake in AECOM by 5.4% during the fourth quarter. Raymond James & Associates now owns 33,923 shares of the construction company’s stock worth $3,136,000 after acquiring an additional 1,740 shares during the last quarter. iA Global Asset Management Inc. raised its position in AECOM by 33.3% in the third quarter. iA Global Asset Management Inc. now owns 180,575 shares of the construction company’s stock valued at $14,995,000 after purchasing an additional 45,098 shares during the period. Comerica Bank purchased a new stake in AECOM in the third quarter valued at $5,454,000. Finally, Pallas Capital Advisors LLC acquired a new position in shares of AECOM in the 4th quarter valued at $340,000. 85.41% of the stock is owned by hedge funds and other institutional investors.

AECOM Trading Down 1.7 %

Shares of ACM stock opened at $92.36 on Wednesday. AECOM has a fifty-two week low of $74.40 and a fifty-two week high of $98.72. The company has a 50 day moving average price of $93.39 and a 200 day moving average price of $89.29. The stock has a market capitalization of $12.56 billion, a P/E ratio of 205.24, a price-to-earnings-growth ratio of 1.40 and a beta of 1.24. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.05 and a current ratio of 1.05.

AECOM (NYSE:ACM) last issued its quarterly earnings results on Tuesday, February 6th. The construction company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.92 by $0.13. AECOM had a net margin of 0.42% and a return on equity of 21.45%. The company had revenue of $3.90 billion during the quarter. During the same period in the prior year, the business earned $0.86 EPS. Equities research analysts predict that AECOM will post 4.43 EPS for the current fiscal year.

AECOM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Wednesday, April 24th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $0.88 annualized dividend and a yield of 0.95%. AECOM’s payout ratio is 195.56%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Royal Bank of Canada reissued an “outperform” rating and set a $109.00 price objective on shares of AECOM in a research report on Wednesday, February 7th. Barclays lifted their price target on shares of AECOM from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Truist Financial started coverage on shares of AECOM in a report on Thursday, March 14th. They issued a “buy” rating and a $106.00 price objective on the stock. KeyCorp lifted their target price on shares of AECOM from $104.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Finally, Robert W. Baird boosted their target price on AECOM from $100.00 to $103.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $105.43.

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.