Xponance Inc. Boosts Stock Position in AECOM (NYSE:ACM)

Xponance Inc. boosted its holdings in shares of AECOM (NYSE:ACM) by 6.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,844 shares of the construction company’s stock after acquiring an additional 1,038 shares during the quarter. Xponance Inc.’s holdings in AECOM were worth $1,649,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Manchester Capital Management LLC purchased a new stake in shares of AECOM in the 3rd quarter worth $38,000. Friedenthal Financial purchased a new stake in shares of AECOM in the 4th quarter worth $44,000. Tobam purchased a new stake in shares of AECOM in the 4th quarter worth $58,000. Arlington Trust Co LLC purchased a new stake in shares of AECOM in the 4th quarter worth $62,000. Finally, Signaturefd LLC lifted its holdings in shares of AECOM by 57.5% in the 3rd quarter. Signaturefd LLC now owns 849 shares of the construction company’s stock worth $71,000 after buying an additional 310 shares during the period. Hedge funds and other institutional investors own 85.41% of the company’s stock.

AECOM Trading Up 1.6 %

Shares of NYSE:ACM opened at $93.88 on Wednesday. The business’s 50-day moving average is $92.96 and its 200 day moving average is $88.90. AECOM has a 1 year low of $74.40 and a 1 year high of $98.72. The firm has a market capitalization of $12.77 billion, a P/E ratio of 208.63, a P/E/G ratio of 1.39 and a beta of 1.24. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.05 and a quick ratio of 1.05.

AECOM (NYSE:ACM) last announced its quarterly earnings data on Tuesday, February 6th. The construction company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.13. The business had revenue of $3.90 billion for the quarter. AECOM had a return on equity of 21.45% and a net margin of 0.42%. During the same period in the prior year, the company posted $0.86 earnings per share. On average, research analysts predict that AECOM will post 4.43 earnings per share for the current fiscal year.

AECOM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Wednesday, April 24th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Tuesday, April 23rd. AECOM’s dividend payout ratio is presently 195.56%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ACM shares. KeyCorp upped their target price on AECOM from $104.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Royal Bank of Canada restated an “outperform” rating and set a $109.00 price objective on shares of AECOM in a research note on Wednesday, February 7th. Citigroup upped their price objective on AECOM from $107.00 to $116.00 and gave the stock a “buy” rating in a research note on Monday. Truist Financial started coverage on AECOM in a research note on Thursday, March 14th. They set a “buy” rating and a $106.00 price objective for the company. Finally, Robert W. Baird upped their price objective on AECOM from $100.00 to $103.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $105.43.

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.