Arlington Trust Co LLC Makes New Investment in AECOM (NYSE:ACM)

Arlington Trust Co LLC acquired a new position in shares of AECOM (NYSE:ACM) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 666 shares of the construction company’s stock, valued at approximately $62,000.

A number of other institutional investors have also recently bought and sold shares of the business. Somerset Trust Co boosted its position in AECOM by 3.5% during the 3rd quarter. Somerset Trust Co now owns 3,783 shares of the construction company’s stock worth $314,000 after acquiring an additional 127 shares during the period. Fifth Third Bancorp raised its stake in shares of AECOM by 9.7% during the 3rd quarter. Fifth Third Bancorp now owns 1,683 shares of the construction company’s stock worth $140,000 after purchasing an additional 149 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of AECOM by 4.0% during the 3rd quarter. CIBC Asset Management Inc now owns 3,897 shares of the construction company’s stock worth $324,000 after purchasing an additional 151 shares in the last quarter. Moneta Group Investment Advisors LLC raised its stake in shares of AECOM by 4.9% during the 1st quarter. Moneta Group Investment Advisors LLC now owns 3,266 shares of the construction company’s stock worth $275,000 after purchasing an additional 154 shares in the last quarter. Finally, Pinnacle Associates Ltd. raised its stake in shares of AECOM by 4.1% during the 4th quarter. Pinnacle Associates Ltd. now owns 4,522 shares of the construction company’s stock worth $418,000 after purchasing an additional 177 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ACM has been the subject of a number of recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $109.00 price target on shares of AECOM in a research note on Wednesday, February 7th. KeyCorp initiated coverage on AECOM in a research note on Wednesday, January 10th. They set an “overweight” rating and a $104.00 price target for the company. Robert W. Baird raised their price target on AECOM from $100.00 to $103.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th. Truist Financial initiated coverage on AECOM in a research note on Thursday, March 14th. They set a “buy” rating and a $106.00 price target for the company. Finally, Barclays raised their price target on AECOM from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, AECOM has a consensus rating of “Buy” and a consensus target price of $102.00.

AECOM Stock Up 0.3 %

Shares of ACM stock opened at $97.39 on Monday. The stock’s 50 day simple moving average is $91.72 and its 200 day simple moving average is $87.85. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.05 and a current ratio of 1.05. AECOM has a twelve month low of $74.40 and a twelve month high of $98.72. The company has a market capitalization of $13.25 billion, a price-to-earnings ratio of 216.43, a PEG ratio of 1.44 and a beta of 1.24.

AECOM (NYSE:ACM) last issued 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. AECOM had a return on equity of 21.45% and a net margin of 0.42%. The business had revenue of $3.90 billion for the quarter. During the same period in the previous year, the business posted $0.86 earnings per share. As a group, research analysts predict that AECOM will post 4.45 EPS for the current year.

AECOM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders 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 yield of 0.90%. The ex-dividend date of this dividend is Tuesday, April 23rd. AECOM’s dividend payout ratio (DPR) is currently 195.56%.

About AECOM

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.