Raymond James & Associates Decreases Position in AECOM (NYSE:ACM)

Raymond James & Associates reduced its stake in AECOM (NYSE:ACM – Get Rating) by 2.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 74,366 shares of the construction company’s stock after selling 2,193 shares during the period. Raymond James & Associates’ holdings in AECOM were worth $6,316,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ACM. Point72 Hong Kong Ltd acquired a new position in shares of AECOM in the 1st quarter valued at $25,000. Bessemer Group Inc. lifted its position in AECOM by 4,060.0% in the third quarter. Bessemer Group Inc. now owns 416 shares of the construction company’s stock valued at $28,000 after acquiring an additional 406 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in AECOM by 20.3% in the third quarter. Quadrant Capital Group LLC now owns 805 shares of the construction company’s stock valued at $55,000 after acquiring an additional 136 shares in the last quarter. Fred Alger Management LLC purchased a new position in shares of AECOM during the third quarter worth about $59,000. Finally, Belpointe Asset Management LLC acquired a new stake in shares of AECOM during the fourth quarter worth about $74,000. Institutional investors and hedge funds own 84.26% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Citigroup upped their target price on AECOM from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, February 8th. Royal Bank of Canada raised their target price on shares of AECOM from $94.00 to $102.00 in a research report on Wednesday, February 8th. StockNews.com upgraded shares of AECOM from a “hold” rating to a “buy” rating in a research report on Wednesday, May 17th. Finally, Robert W. Baird decreased their price target on shares of AECOM from $103.00 to $100.00 in a research note on Tuesday, May 9th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, AECOM has a consensus rating of “Buy” and a consensus price target of $99.00.

AECOM Stock Performance

NYSE:ACM opened at $79.28 on Monday. The firm has a market cap of $11.02 billion, a price-to-earnings ratio of 29.92, a price-to-earnings-growth ratio of 1.96 and a beta of 1.29. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.09 and a quick ratio of 1.09. AECOM has a 1-year low of $60.74 and a 1-year high of $92.16. The firm’s fifty day moving average price is $81.91 and its 200 day moving average price is $83.92.

AECOM (NYSE:ACM – Get Rating) last posted its quarterly earnings results on Tuesday, May 9th. The construction company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.04. AECOM had a net margin of 2.75% and a return on equity of 18.72%. The firm had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.38 billion. During the same period in the prior year, the company posted $0.83 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, sell-side analysts expect that AECOM will post 3.69 EPS for the current year.

AECOM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 21st. Investors of record on Wednesday, April 5th were paid a $0.18 dividend. The ex-dividend date was Tuesday, April 4th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.91%. AECOM’s dividend payout ratio (DPR) is presently 27.17%.

AECOM Company Profile

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AECOM engages in the design, manufacture, financing, and operation of infrastructure assets for governments, businesses and organizations. It operates through the following segments: Americas, International, and AECOM Capital. The Americas segment deals with planning, consulting, architectural and engineering design and construction management services to commercial and government clients in the United States, Canada and Latin America in major end markets such as transportation, water, government, facilities, environmental and energy.