Penserra Capital Management LLC Purchases New Shares in AECOM $ACM

Penserra Capital Management LLC acquired a new position in shares of AECOM (NYSE:ACM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,206 shares of the construction company’s stock, valued at approximately $136,000.

Several other institutional investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. lifted its position in shares of AECOM by 604.6% during the 2nd quarter. Hantz Financial Services Inc. now owns 458 shares of the construction company’s stock worth $52,000 after buying an additional 393 shares in the last quarter. Brookstone Capital Management purchased a new position in AECOM in the second quarter worth $219,000. Goldman Sachs Group Inc. grew its stake in AECOM by 3.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,080,814 shares of the construction company’s stock valued at $100,224,000 after purchasing an additional 36,804 shares during the period. R Squared Ltd purchased a new stake in shares of AECOM during the 2nd quarter valued at $272,000. Finally, Spire Wealth Management raised its stake in shares of AECOM by 763.2% during the 2nd quarter. Spire Wealth Management now owns 6,629 shares of the construction company’s stock worth $748,000 after purchasing an additional 5,861 shares during the period. Institutional investors own 85.41% of the company’s stock.

AECOM Stock Up 0.9%

ACM opened at $133.90 on Friday. The stock has a market cap of $17.73 billion, a price-to-earnings ratio of 29.17, a price-to-earnings-growth ratio of 1.96 and a beta of 1.06. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. The firm’s fifty day moving average is $130.62 and its 200 day moving average is $119.16. AECOM has a fifty-two week low of $85.00 and a fifty-two week high of $135.52.

AECOM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Wednesday, October 1st were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, October 1st. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. AECOM’s dividend payout ratio (DPR) is currently 22.66%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ACM. KeyCorp increased their price target on shares of AECOM from $131.00 to $144.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Wall Street Zen lowered shares of AECOM from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Bank of America upped their price objective on AECOM from $112.50 to $124.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Barclays upped their price target on AECOM from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Finally, Truist Financial lifted their price objective on AECOM from $128.00 to $146.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Eleven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, AECOM presently has an average rating of “Buy” and an average price target of $137.30.

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.