Perpetual Ltd grew its holdings in AECOM (NYSE:ACM – Free Report) by 12.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 544,353 shares of the construction company’s stock after buying an additional 59,631 shares during the quarter. Perpetual Ltd’s holdings in AECOM were worth $32,090,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its stake in shares of AECOM by 95.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 295 shares of the construction company’s stock valued at $28,000 after acquiring an additional 144 shares during the period. Western Wealth Management LLC bought a new stake in AECOM in the first quarter valued at about $36,000. Compass Financial Management LLC bought a new position in AECOM during the second quarter worth about $36,000. Root Financial Partners LLC boosted its stake in AECOM by 118.3% during the 1st quarter. Root Financial Partners LLC now owns 631 shares of the construction company’s stock worth $54,000 after acquiring an additional 342 shares during the last quarter. Finally, SJS Investment Consulting Inc. grew its holdings in shares of AECOM by 199.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 649 shares of the construction company’s stock valued at $55,000 after buying an additional 432 shares during the period. 85.41% of the stock is currently owned by institutional investors and hedge funds.
AECOM Stock Down 0.4%
ACM stock opened at $59.05 on Tuesday. The stock has a market capitalization of $7.60 billion, a P/E ratio of 27.09, a price-to-earnings-growth ratio of 1.06 and a beta of 0.93. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.11. The firm has a 50-day moving average price of $64.21 and a 200-day moving average price of $71.21. AECOM has a 12 month low of $56.39 and a 12 month high of $135.52.
AECOM Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, October 14th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $1.24 annualized dividend and a dividend yield of 2.1%. AECOM’s dividend payout ratio (DPR) is presently 56.88%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the stock. Royal Bank Of Canada dropped their price objective on shares of AECOM from $105.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday, August 13th. KeyCorp reduced their price objective on AECOM from $101.00 to $79.00 and set an “overweight” rating for the company in a research report on Wednesday, August 12th. Robert W. Baird decreased their price objective on AECOM from $73.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, August 14th. UBS Group dropped their target price on AECOM from $106.00 to $103.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Weiss Ratings cut shares of AECOM from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, August 12th. Eight analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $83.27.
AECOM Profile
AECOM (NYSE: ACM) is a global infrastructure consulting firm that provides professional services across the project lifecycle. Its activities include planning, design, engineering, architecture, program and construction management, environmental services, and operations support.
The company serves public- and private-sector clients in areas such as transportation, water, buildings, energy, environmental remediation, and government infrastructure. Its work includes roads and transit systems, airports, water and wastewater facilities, commercial and civic buildings, and large-scale urban development programs.
AECOM operates internationally, serving clients across North America, Europe, the Middle East, Asia-Pacific, and other global markets.
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