Federated Hermes Inc. decreased its position in AECOM (NYSE:ACM – Free Report) by 12.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 407,709 shares of the construction company’s stock after selling 55,490 shares during the period. Federated Hermes Inc.’s holdings in AECOM were worth $37,685,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of ACM. HighTower Advisors LLC boosted its position in shares of AECOM by 31.9% during the 1st quarter. HighTower Advisors LLC now owns 5,704 shares of the construction company’s stock valued at $436,000 after purchasing an additional 1,378 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of AECOM by 3.5% during the 1st quarter. Bank of Montreal Can now owns 34,177 shares of the construction company’s stock worth $2,676,000 after buying an additional 1,162 shares in the last quarter. Aviva PLC grew its position in shares of AECOM by 26.6% during the 1st quarter. Aviva PLC now owns 22,872 shares of the construction company’s stock worth $1,757,000 after buying an additional 4,799 shares during the period. Cetera Investment Advisers increased its stake in shares of AECOM by 3.0% in the 1st quarter. Cetera Investment Advisers now owns 9,119 shares of the construction company’s stock valued at $700,000 after acquiring an additional 264 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of AECOM by 1,261.6% during the 1st quarter. Covestor Ltd now owns 1,525 shares of the construction company’s stock valued at $117,000 after acquiring an additional 1,413 shares during the period. Institutional investors own 85.41% of the company’s stock.
Wall Street Analysts Forecast Growth
ACM has been the subject of several research analyst reports. TheStreet raised shares of AECOM from a “c+” rating to a “b” rating in a research note on Monday, February 5th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $109.00 target price on shares of AECOM in a research report on Wednesday, February 7th. Truist Financial began coverage on AECOM in a report on Thursday, March 14th. They issued a “buy” rating and a $106.00 price target on the stock. Robert W. Baird boosted their price objective on AECOM from $100.00 to $103.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th. Finally, KeyCorp increased their target price on AECOM from $104.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, AECOM presently has a consensus rating of “Buy” and an average target price of $102.14.
Get Our Latest Stock Analysis on ACM
AECOM Stock Up 0.1 %
Shares of NYSE:ACM opened at $93.35 on Friday. The stock has a market cap of $12.70 billion, a price-to-earnings ratio of 207.45, a PEG ratio of 1.38 and a beta of 1.24. The business’s 50 day moving average is $92.81 and its 200 day moving average is $88.61. AECOM has a 12-month low of $74.40 and a 12-month high of $98.72. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.87.
AECOM (NYSE:ACM – Get Free Report) last posted its earnings results on Tuesday, February 6th. The construction company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.13. AECOM had a net margin of 0.42% and a return on equity of 21.45%. The firm had revenue of $3.90 billion during the quarter. During the same quarter in the previous year, the company earned $0.86 EPS. On average, sell-side analysts forecast that AECOM will post 4.45 earnings per share 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. The ex-dividend date is Tuesday, April 23rd. This represents a $0.88 annualized dividend and a dividend yield of 0.94%. AECOM’s dividend payout ratio is currently 195.56%.
AECOM Company Profile
(Free Report)
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.
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