Xponance Inc. Has $2.43 Million Stock Position in AECOM (NYSE:ACM)

Xponance Inc. increased its stake in shares of AECOM (NYSE:ACM) by 4.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,193 shares of the construction company’s stock after purchasing an additional 1,114 shares during the period. Xponance Inc.’s holdings in AECOM were worth $2,429,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Alliancebernstein L.P. grew its stake in shares of AECOM by 11.2% during the fourth quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company’s stock worth $397,196,000 after purchasing an additional 373,991 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of AECOM by 34.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,258 shares of the construction company’s stock worth $286,305,000 after purchasing an additional 691,020 shares during the period. Norges Bank acquired a new stake in shares of AECOM during the fourth quarter worth $190,495,000. Northern Trust Corp grew its stake in shares of AECOM by 53.5% during the fourth quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company’s stock worth $177,844,000 after purchasing an additional 580,078 shares during the period. Finally, FMR LLC grew its stake in shares of AECOM by 2.9% during the fourth quarter. FMR LLC now owns 1,360,510 shares of the construction company’s stock worth $145,330,000 after purchasing an additional 38,177 shares during the period. 85.41% of the stock is owned by institutional investors and hedge funds.

AECOM Price Performance

Shares of ACM opened at $114.80 on Tuesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a 50 day simple moving average of $110.26 and a 200 day simple moving average of $103.48. AECOM has a 52-week low of $84.75 and a 52-week high of $118.56. The firm has a market capitalization of $15.19 billion, a PE ratio of 25.01, a P/E/G ratio of 1.85 and a beta of 0.96.

AECOM (NYSE:ACM) last issued its quarterly earnings data 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. AECOM had a return on equity of 27.67% and a net margin of 3.85%. The business had revenue of $3.77 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same period in the previous year, the firm earned $1.04 EPS. AECOM’s quarterly revenue was up 2.6% compared to the same quarter last year. Sell-side analysts predict that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Wednesday, July 2nd will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Wednesday, July 2nd. AECOM’s dividend payout ratio (DPR) is currently 22.66%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Royal Bank Of Canada lifted their price objective on AECOM from $123.00 to $126.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. KeyCorp decreased their price objective on 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 target price on AECOM from $129.00 to $121.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Robert W. Baird increased their price target on AECOM from $108.00 to $118.00 and gave the stock an “outperform” rating in a report on Tuesday, May 6th. Finally, Citigroup lifted their price objective on AECOM from $116.00 to $122.00 and gave the company a “buy” rating in a report on Wednesday, May 7th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $120.86.

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.