DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Increases Holdings in AECOM (NYSE:ACM)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in AECOM (NYSE:ACM) by 40.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 59,289 shares of the construction company’s stock after purchasing an additional 17,138 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in AECOM were worth $6,333,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Principal Securities Inc. grew its position in AECOM by 95.9% in the fourth quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock worth $25,000 after acquiring an additional 116 shares in the last quarter. Allworth Financial LP lifted its position in AECOM by 390.6% in the 4th quarter. Allworth Financial LP now owns 260 shares of the construction company’s stock worth $29,000 after buying an additional 207 shares during the last quarter. National Pension Service purchased a new stake in AECOM in the fourth quarter worth approximately $32,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in AECOM during the fourth quarter valued at approximately $35,000. Finally, Wingate Wealth Advisors Inc. purchased a new position in shares of AECOM during the fourth quarter worth approximately $51,000. Institutional investors own 85.41% of the company’s stock.

AECOM Price Performance

Shares of ACM stock opened at $104.67 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56. The firm has a market cap of $13.88 billion, a P/E ratio of 29.74, a P/E/G ratio of 1.63 and a beta of 0.96. The business’s 50 day moving average price is $95.47 and its 200-day moving average price is $103.50.

AECOM (NYSE:ACM) last released its quarterly earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.10. AECOM had a net margin of 2.93% and a return on equity of 26.84%. The business had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter in the previous year, the business posted $1.04 earnings per share. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities research analysts anticipate that AECOM will post 5.1 earnings per share for the current year.

AECOM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Wednesday, April 2nd. AECOM’s payout ratio is currently 29.55%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Robert W. Baird increased their target price on shares of AECOM from $108.00 to $118.00 and gave the company an “outperform” rating in a report on Tuesday. Truist Financial decreased their price objective on AECOM from $129.00 to $121.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. KeyCorp dropped their target price on AECOM from $121.00 to $109.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Barclays lifted their price target on AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Citigroup raised their target price on shares of AECOM from $116.00 to $122.00 and gave the stock a “buy” rating in a report on Wednesday. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $119.00.

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.