Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of AECOM (NYSE:ACM – Free Report) by 7.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,992 shares of the construction company’s stock after buying an additional 2,274 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in AECOM were worth $3,836,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Brookstone Capital Management purchased a new stake in shares of AECOM in the second quarter valued at approximately $219,000. Hantz Financial Services Inc. raised its position in AECOM by 604.6% during the 2nd quarter. Hantz Financial Services Inc. now owns 458 shares of the construction company’s stock valued at $52,000 after purchasing an additional 393 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of AECOM by 3.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,080,814 shares of the construction company’s stock worth $100,224,000 after buying an additional 36,804 shares during the period. R Squared Ltd bought a new position in shares of AECOM during the 2nd quarter worth $272,000. Finally, Boston Partners increased its stake in shares of AECOM by 7.6% during the second quarter. Boston Partners now owns 115,593 shares of the construction company’s stock valued at $13,047,000 after buying an additional 8,161 shares during the period. 85.41% of the stock is owned by hedge funds and other institutional investors.
AECOM Trading Down 3.7%
NYSE ACM opened at $127.06 on Wednesday. AECOM has a 52 week low of $85.00 and a 52 week high of $135.52. The company has a 50 day moving average price of $130.92 and a 200 day moving average price of $120.10. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. The firm has a market cap of $16.83 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 1.96 and a beta of 1.06.
AECOM Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Wednesday, January 7th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 7th. This represents a $1.24 annualized dividend and a yield of 1.0%. This is an increase from AECOM’s previous quarterly dividend of $0.26. AECOM’s dividend payout ratio is currently 22.66%.
Analyst Upgrades and Downgrades
ACM has been the subject of a number of research reports. Bank of America upped their price objective on shares of AECOM from $112.50 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Barclays boosted their price target on shares of AECOM from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, October 20th. KeyCorp increased their price objective on shares of AECOM from $131.00 to $144.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. UBS Group boosted their price objective on shares of AECOM from $126.00 to $139.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Finally, Truist Financial upped their target price 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.com, the company currently has an average rating of “Buy” and a consensus target price of $137.30.
Get Our Latest Analysis on ACM
AECOM 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.
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