Findlay Park Partners LLP Purchases Shares of 291,885 AECOM (NYSE:ACM)

Findlay Park Partners LLP purchased a new stake in shares of AECOM (NYSE:ACM – Get Rating) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 291,885 shares of the construction company’s stock, valued at approximately $24,790,000.

Other institutional investors have also added to or reduced their stakes in the company. Point72 Hong Kong Ltd purchased a new position in AECOM during the 1st quarter valued at approximately $25,000. Bessemer Group Inc. boosted its holdings in shares of AECOM by 4,060.0% in the 3rd quarter. Bessemer Group Inc. now owns 416 shares of the construction company’s stock worth $28,000 after purchasing an additional 406 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of AECOM by 20.3% in the 3rd quarter. Quadrant Capital Group LLC now owns 805 shares of the construction company’s stock worth $55,000 after purchasing an additional 136 shares during the period. Fred Alger Management LLC purchased a new position in shares of AECOM in the 3rd quarter worth approximately $59,000. Finally, Covestor Ltd boosted its holdings in shares of AECOM by 1,261.6% in the 1st quarter. Covestor Ltd now owns 1,525 shares of the construction company’s stock worth $117,000 after purchasing an additional 1,413 shares during the period. Hedge funds and other institutional investors own 84.26% of the company’s stock.

AECOM Trading Down 1.4 %

Shares of NYSE ACM opened at $78.31 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.79. The business has a fifty day simple moving average of $81.69 and a two-hundred day simple moving average of $83.97. The firm has a market cap of $10.89 billion, a PE ratio of 29.55, a price-to-earnings-growth ratio of 1.95 and a beta of 1.29. AECOM has a twelve month low of $60.74 and a twelve month high of $92.16.

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

AECOM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 21st. Investors of record on Wednesday, April 5th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Tuesday, April 4th. AECOM’s dividend payout ratio (DPR) is currently 27.17%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ACM shares. Royal Bank of Canada lifted their target price on AECOM from $94.00 to $102.00 in a report on Wednesday, February 8th. Robert W. Baird dropped their price objective on AECOM from $103.00 to $100.00 in a report on Tuesday, May 9th. StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a report on Wednesday, May 17th. Finally, Citigroup boosted their price objective on AECOM from $100.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, February 8th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $99.00.

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.