Ensign Peak Advisors Inc Increases Stock Holdings in AECOM (NYSE:ACM)

Ensign Peak Advisors Inc lifted its stake in shares of AECOM (NYSE:ACM) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,486 shares of the construction company’s stock after buying an additional 858 shares during the period. Ensign Peak Advisors Inc’s holdings in AECOM were worth $3,897,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Ranch Capital Advisors Inc. boosted its position in shares of AECOM by 2.3% during the fourth quarter. Ranch Capital Advisors Inc. now owns 4,482 shares of the construction company’s stock valued at $479,000 after buying an additional 99 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in shares of AECOM by 17.5% during the fourth quarter. Brown Brothers Harriman & Co. now owns 691 shares of the construction company’s stock valued at $74,000 after buying an additional 103 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of AECOM by 1.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company’s stock valued at $809,000 after buying an additional 109 shares during the last quarter. Avitas Wealth Management LLC boosted its position in shares of AECOM by 0.6% during the fourth quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company’s stock valued at $2,023,000 after buying an additional 110 shares during the last quarter. Finally, Principal Securities Inc. boosted its position in shares of AECOM by 95.9% during the fourth quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock valued at $25,000 after buying an additional 116 shares during the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Analyst Upgrades and Downgrades

ACM has been the topic of several analyst reports. Citigroup lifted their target price on AECOM from $116.00 to $122.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. KeyCorp dropped their price target on AECOM from $121.00 to $109.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Royal Bank of Canada lifted their price target on AECOM from $123.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Truist Financial dropped their price target on AECOM from $129.00 to $121.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Finally, Barclays lifted 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. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $119.00.

AECOM Stock Performance

Shares of AECOM stock opened at $106.86 on Thursday. The business’s fifty day simple moving average is $96.08 and its 200 day simple moving average is $103.53. The firm has a market capitalization of $14.14 billion, a P/E ratio of 30.36, a price-to-earnings-growth ratio of 1.63 and a beta of 0.96. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02.

AECOM (NYSE:ACM) last issued its earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.10. The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company posted $1.04 earnings per share. As a group, analysts anticipate that AECOM will post 5.1 EPS for the current year.

AECOM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd were paid a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $1.04 annualized dividend and a dividend yield of 0.97%. AECOM’s payout ratio is presently 22.66%.

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.