AECOM (NYSE:ACM) Shares Purchased by Xponance Inc.

Xponance Inc. boosted its holdings in AECOM (NYSE:ACM) by 6.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,844 shares of the construction company’s stock after buying 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.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oak Thistle LLC purchased a new position in AECOM during the 4th quarter worth approximately $1,789,000. Raymond James & Associates grew its position in AECOM by 5.4% during the 4th quarter. Raymond James & Associates now owns 33,923 shares of the construction company’s stock worth $3,136,000 after purchasing an additional 1,740 shares in the last quarter. iA Global Asset Management Inc. grew its position in AECOM by 33.3% during the 3rd quarter. iA Global Asset Management Inc. now owns 180,575 shares of the construction company’s stock worth $14,995,000 after purchasing an additional 45,098 shares in the last quarter. Comerica Bank purchased a new position in AECOM during the 3rd quarter worth approximately $5,454,000. Finally, Pallas Capital Advisors LLC purchased a new position in AECOM during the 4th quarter worth approximately $340,000. Institutional investors and hedge funds own 85.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ACM shares. TheStreet upgraded shares of AECOM from a “c+” rating to a “b” rating in a research report on Monday, February 5th. Robert W. Baird boosted their price target on shares of AECOM from $100.00 to $103.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th. Truist Financial initiated coverage on shares of AECOM in a report on Thursday, March 14th. They set a “buy” rating and a $106.00 price target on the stock. KeyCorp boosted their price target on shares of AECOM from $104.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $109.00 price target on shares of AECOM in a report on Wednesday, February 7th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $105.43.

AECOM Trading Up 1.6 %

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

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

AECOM Dividend Announcement

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