AECOM (NYSE:ACM) Position Lifted by Xponance Inc.

Xponance Inc. raised its stake in AECOM (NYSE:ACM) by 7.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 25,079 shares of the construction company’s stock after acquiring an additional 1,802 shares during the period. Xponance Inc.’s holdings in AECOM were worth $2,679,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Principal Securities Inc. raised its position in shares of AECOM by 95.9% during the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock valued at $25,000 after acquiring an additional 116 shares in the last quarter. Allworth Financial LP raised its holdings in shares of AECOM by 390.6% during the fourth quarter. Allworth Financial LP now owns 260 shares of the construction company’s stock worth $29,000 after purchasing an additional 207 shares during the period. Private Trust Co. NA bought a new position in shares of AECOM in the 3rd quarter worth about $30,000. True Wealth Design LLC boosted its holdings in shares of AECOM by 4,242.9% in the 3rd quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock valued at $31,000 after buying an additional 297 shares during the period. Finally, National Pension Service bought a new stake in shares of AECOM during the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Price Performance

Shares of NYSE ACM opened at $94.14 on Friday. The stock has a market cap of $12.49 billion, a P/E ratio of 26.74, a P/E/G ratio of 1.63 and a beta of 1.22. The firm’s 50-day simple moving average is $101.78 and its 200 day simple moving average is $105.09. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02.

AECOM (NYSE:ACM) last released its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. Equities analysts expect that AECOM will post 5.1 EPS for the current year.

AECOM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Wednesday, April 2nd. AECOM’s payout ratio is currently 29.55%.

Analyst Ratings Changes

ACM has been the topic of a number of recent research reports. Barclays raised their target price on shares of AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. The Goldman Sachs Group started coverage on AECOM in a research report on Friday, November 22nd. They set a “buy” rating and a $130.00 price objective for the company. Truist Financial increased their target price on AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Citigroup reduced their price target on shares of AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Finally, Robert W. Baird dropped their price objective on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a report on Tuesday, February 4th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $120.38.

AECOM Company Profile

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.