Perbak Capital Partners LLP Buys 8,524 Shares of AECOM (NYSE:ACM)

Perbak Capital Partners LLP increased its stake in shares of AECOM (NYSE:ACM) by 87.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,271 shares of the construction company’s stock after buying an additional 8,524 shares during the quarter. AECOM comprises approximately 1.0% of Perbak Capital Partners LLP’s investment portfolio, making the stock its 22nd biggest holding. Perbak Capital Partners LLP’s holdings in AECOM were worth $1,952,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ACM. Principal Securities Inc. boosted its holdings in shares of AECOM by 95.9% during the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock worth $25,000 after purchasing an additional 116 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of AECOM by 390.6% in the 4th quarter. Allworth Financial LP now owns 260 shares of the construction company’s stock valued at $29,000 after purchasing an additional 207 shares during the last quarter. National Pension Service acquired a new position in AECOM in the fourth quarter valued at $32,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of AECOM during the 4th quarter worth approximately $35,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in AECOM during the fourth quarter worth about $51,000. 85.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. KeyCorp decreased their target price on shares of AECOM from $121.00 to $109.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Citigroup decreased their target price on shares of AECOM from $127.00 to $116.00 and set a “buy” rating for the company in a research note on Friday. Barclays boosted their price target on AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Truist Financial reduced their price objective on AECOM from $129.00 to $121.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, Robert W. Baird reduced their price objective on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a research report on Tuesday, February 4th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $116.50.

AECOM Price Performance

ACM stock opened at $97.42 on Tuesday. The company has a market capitalization of $12.92 billion, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 1.63 and a beta of 1.03. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. The business has a 50-day simple moving average of $94.71 and a two-hundred day simple moving average of $103.78. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56.

AECOM (NYSE:ACM) last released its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating 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%. Research analysts expect that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd were paid a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $1.04 annualized dividend and a yield of 1.07%. AECOM’s dividend payout ratio (DPR) is currently 29.55%.

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.