Bessemer Group Inc. Buys 156 Shares of AECOM (NYSE:ACM)

Bessemer Group Inc. raised its stake in shares of AECOM (NYSE:ACM) by 0.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,959 shares of the construction company’s stock after buying an additional 156 shares during the quarter. Bessemer Group Inc.’s holdings in AECOM were worth $3,307,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ACM. Norges Bank purchased a new position in AECOM during the fourth quarter valued at approximately $190,495,000. Alliancebernstein L.P. boosted its holdings in AECOM by 11.2% in the 4th quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company’s stock valued at $397,196,000 after purchasing an additional 373,991 shares during the period. Sandhill Capital Partners LLC bought a new position in shares of AECOM in the fourth quarter worth $36,933,000. JPMorgan Chase & Co. increased its holdings in shares of AECOM by 40.1% in the third quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock worth $79,339,000 after purchasing an additional 220,035 shares during the period. Finally, Teacher Retirement System of Texas raised its position in shares of AECOM by 58.1% in the fourth quarter. Teacher Retirement System of Texas now owns 349,991 shares of the construction company’s stock worth $37,386,000 after buying an additional 128,580 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors.

AECOM Trading Up 0.5 %

NYSE ACM opened at $93.66 on Friday. The firm has a market cap of $12.42 billion, a PE ratio of 26.61, a price-to-earnings-growth ratio of 1.63 and a beta of 1.03. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56. The stock has a 50-day moving average of $96.71 and a 200-day moving average of $104.46. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02.

AECOM (NYSE:ACM) last released its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. As a group, sell-side analysts forecast that AECOM will post 5.1 EPS for the current year.

AECOM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Wednesday, April 2nd. AECOM’s dividend payout ratio (DPR) is 29.55%.

Analyst Ratings Changes

A number of brokerages have weighed in on ACM. Truist Financial decreased their target price on AECOM from $129.00 to $121.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Citigroup decreased their price objective on shares of AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Barclays lifted their target price on shares of AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. KeyCorp decreased their price target on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Finally, Robert W. Baird dropped their price objective on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a report on Tuesday, February 4th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, AECOM presently has a consensus rating of “Buy” and an average target price of $119.38.

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.