Voloridge Investment Management LLC Trims Position in AECOM (NYSE:ACM)

Voloridge Investment Management LLC reduced its position in AECOM (NYSE:ACM) by 12.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 505,211 shares of the construction company’s stock after selling 69,464 shares during the period. Voloridge Investment Management LLC’s holdings in AECOM were worth $53,967,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ACM. Prudential Financial Inc. boosted its holdings in shares of AECOM by 16.6% during the fourth quarter. Prudential Financial Inc. now owns 27,524 shares of the construction company’s stock worth $2,940,000 after purchasing an additional 3,921 shares during the last quarter. Magnus Financial Group LLC lifted its position in AECOM by 93.5% during the fourth quarter. Magnus Financial Group LLC now owns 4,860 shares of the construction company’s stock worth $519,000 after buying an additional 2,348 shares during the period. Raymond James Financial Inc. purchased a new position in AECOM during the fourth quarter worth about $9,705,000. Park Avenue Securities LLC boosted its stake in AECOM by 176.9% in the 4th quarter. Park Avenue Securities LLC now owns 7,239 shares of the construction company’s stock worth $773,000 after buying an additional 4,625 shares during the last quarter. Finally, Truist Financial Corp grew its holdings in AECOM by 28.7% in the 4th quarter. Truist Financial Corp now owns 9,851 shares of the construction company’s stock valued at $1,052,000 after buying an additional 2,194 shares during the period. 85.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ACM has been the topic of several recent analyst reports. Truist Financial cut their price objective on shares of AECOM from $129.00 to $121.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Barclays increased their price target on shares of AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Citigroup boosted their price objective on shares of AECOM from $116.00 to $122.00 and gave the company a “buy” rating in a research note on Wednesday, May 7th. KeyCorp cut their target price on AECOM from $121.00 to $109.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Finally, Royal Bank of Canada boosted their price target on AECOM from $123.00 to $126.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $119.00.

AECOM Stock Performance

NYSE:ACM opened at $108.82 on Wednesday. The firm’s fifty day simple moving average is $97.23 and its 200 day simple moving average is $103.55. 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 has a twelve month low of $82.23 and a twelve month high of $118.56. The firm has a market capitalization of $14.40 billion, a price-to-earnings ratio of 30.91, a PEG ratio of 1.63 and a beta of 0.96.

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

AECOM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd were issued a dividend of $0.26 per share. The ex-dividend date was Wednesday, April 2nd. This represents a $1.04 annualized dividend and a dividend yield of 0.96%. AECOM’s payout ratio is currently 22.66%.

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.