CenterBook Partners LP acquired a new position in shares of AECOM (NYSE:ACM – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 32,305 shares of the construction company’s stock, valued at approximately $3,080,000.
Several other hedge funds have also recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its position in shares of AECOM by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 731,321 shares of the construction company’s stock valued at $95,419,000 after buying an additional 12,664 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of AECOM by 11.3% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 129,432 shares of the construction company’s stock valued at $16,887,000 after buying an additional 13,127 shares in the last quarter. Leuthold Group LLC acquired a new stake in shares of AECOM in the third quarter valued at approximately $3,427,000. Barclays PLC raised its position in shares of AECOM by 103.8% in the third quarter. Barclays PLC now owns 490,826 shares of the construction company’s stock valued at $64,038,000 after buying an additional 250,043 shares in the last quarter. Finally, Kingsview Wealth Management LLC acquired a new stake in shares of AECOM in the fourth quarter valued at approximately $2,057,000. 85.41% of the stock is currently owned by institutional investors and hedge funds.
AECOM Stock Performance
NYSE ACM opened at $70.92 on Tuesday. The firm’s fifty day moving average price is $78.85 and its two-hundred day moving average price is $90.65. The stock has a market cap of $9.12 billion, a PE ratio of 18.52, a PEG ratio of 0.86 and a beta of 0.93. AECOM has a fifty-two week low of $67.64 and a fifty-two week high of $135.52. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.11 and a current ratio of 1.11.
AECOM Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Wednesday, July 1st will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, July 1st. AECOM’s payout ratio is presently 32.38%.
Insiders Place Their Bets
In related news, CFO Gaurav Kapoor bought 1,420 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were purchased at an average price of $71.12 per share, with a total value of $100,990.40. Following the completion of the purchase, the chief financial officer owned 88,053 shares in the company, valued at $6,262,329.36. This represents a 1.64% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Troy Rudd acquired 4,225 shares of AECOM stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average cost of $71.02 per share, for a total transaction of $300,059.50. Following the purchase, the chief executive officer owned 142,207 shares of the company’s stock, valued at $10,099,541.14. The trade was a 3.06% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.46% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the stock. Truist Financial reiterated a “buy” rating and issued a $109.00 price target (down from $116.00) on shares of AECOM in a research report on Wednesday, May 13th. Robert W. Baird dropped their price target on shares of AECOM from $98.00 to $91.00 and set a “neutral” rating for the company in a research report on Tuesday, May 12th. Bank of America lifted their price target on shares of AECOM from $117.00 to $118.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Wall Street Zen upgraded shares of AECOM from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, UBS Group lifted their price target on shares of AECOM from $143.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $116.00.
Read Our Latest Research Report on ACM
AECOM Company Profile
AECOM is a multinational infrastructure consulting firm that provides a broad range of professional technical and management services. Its core offerings include architecture and engineering design, program and construction management, environmental remediation and consulting, and operations and maintenance support. The company works across the full project lifecycle from planning and design through construction and long‑term asset management.
AECOM serves public- and private-sector clients in major built-environment markets, including transportation (roads, bridges, rail, airports), water and wastewater systems, buildings and places, energy and power, and environmental services.
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