AECOM (NYSE:ACM) Shares Acquired by AXQ Capital LP

AXQ Capital LP lifted its position in AECOM (NYSE:ACM) by 35.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,639 shares of the construction company’s stock after acquiring an additional 2,505 shares during the period. AXQ Capital LP’s holdings in AECOM were worth $1,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in ACM. GSA Capital Partners LLP acquired a new stake in AECOM during the 3rd quarter worth about $237,000. CIBC Asset Management Inc grew its position in AECOM by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 3,949 shares of the construction company’s stock worth $408,000 after purchasing an additional 132 shares during the period. Empowered Funds LLC grew its position in AECOM by 4.0% during the 3rd quarter. Empowered Funds LLC now owns 9,389 shares of the construction company’s stock worth $970,000 after purchasing an additional 357 shares during the period. Natixis Advisors LLC grew its position in AECOM by 9.7% during the 3rd quarter. Natixis Advisors LLC now owns 37,122 shares of the construction company’s stock worth $3,833,000 after purchasing an additional 3,281 shares during the period. Finally, Caprock Group LLC grew its position in AECOM by 26.2% during the 3rd quarter. Caprock Group LLC now owns 3,234 shares of the construction company’s stock worth $334,000 after purchasing an additional 672 shares during the period. 85.41% of the stock is owned by institutional investors and hedge funds.

AECOM Trading Down 0.9 %

ACM opened at $94.14 on Friday. The company’s 50 day simple moving average is $101.78 and its two-hundred day simple moving average is $105.09. The firm has a market capitalization of $12.49 billion, a price-to-earnings ratio of 26.74, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56.

AECOM (NYSE:ACM) last announced its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. Analysts expect that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.10%. AECOM’s dividend payout ratio is currently 29.55%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ACM. Robert W. Baird cut their price target on AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 4th. The Goldman Sachs Group assumed coverage on shares of AECOM in a research note on Friday, November 22nd. They set a “buy” rating and a $130.00 target price on the stock. KeyCorp lowered their target price on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Truist Financial increased their target price on shares of AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Finally, Citigroup decreased their price target on shares of AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $120.38.

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.