Ellevest Inc. Increases Stock Holdings in AECOM (NYSE:ACM)

Ellevest Inc. raised its position in AECOM (NYSE:ACM) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,820 shares of the construction company’s stock after acquiring an additional 124 shares during the quarter. Ellevest Inc.’s holdings in AECOM were worth $622,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Principal Securities Inc. grew its holdings in shares of AECOM by 95.9% in the fourth quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock valued at $25,000 after purchasing an additional 116 shares in the last quarter. Allworth Financial LP boosted its position in AECOM by 390.6% in the 4th quarter. Allworth Financial LP now owns 260 shares of the construction company’s stock valued at $29,000 after buying an additional 207 shares during the period. National Pension Service acquired a new position in shares of AECOM in the fourth quarter worth $32,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of AECOM during the fourth quarter worth $35,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in shares of AECOM in the fourth quarter valued at $51,000. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ACM shares. Barclays upped their price target on AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Citigroup upped their target price on shares of AECOM from $116.00 to $122.00 and gave the stock a “buy” rating in a research note on Wednesday. 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. Truist Financial reduced their price objective on shares of AECOM from $129.00 to $121.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Finally, Robert W. Baird boosted their target price on shares of AECOM from $108.00 to $118.00 and gave the stock an “outperform” rating in a research note on Tuesday. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM currently has an average rating of “Buy” and a consensus target price of $119.00.

AECOM Price Performance

Shares of NYSE:ACM opened at $104.67 on Friday. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56. The firm has a market capitalization of $13.88 billion, a P/E ratio of 29.74, a P/E/G ratio of 1.63 and a beta of 0.96. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. The company’s fifty day moving average price is $95.47 and its 200 day moving average price is $103.50.

AECOM (NYSE:ACM) last posted its earnings results on Monday, May 5th. The construction company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.10. The business had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $4.18 billion. AECOM had a return on equity of 26.84% and a net margin of 2.93%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.04 earnings per share. As a group, sell-side analysts predict that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.99%. AECOM’s dividend payout ratio (DPR) is presently 29.55%.

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.