Cerity Partners LLC Increases Stock Position in AECOM (NYSE:ACM)

Cerity Partners LLC increased its holdings in shares of AECOM (NYSE:ACM – Free Report) by 203.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 10,780 shares of the construction company, after acquiring another 7,222 shares during the quarter. Cerity Partners LLC’s holdings in AECOM were worth $997,000 at the time of the most recent SEC filing.

Various other institutional investors have also adjusted their holdings in ACM. Oak Thistle LLC bought a new stake in AECOM in the 4th quarter valued at $1,789,000. Raymond James & Associates increased its position in AECOM by 5.4% in the 4th quarter. Raymond James & Associates now owns 33,923 shares of the construction company’s stock valued at $3,136,000 after purchasing an additional 1,740 shares in the last quarter. iA Global Asset Management Inc. increased its position in AECOM by 33.3% in the third quarter. iA Global Asset Management Inc. now owns 180,575 shares of the construction company’s stock valued at $14,995,000 after purchasing an additional 45,098 shares during the last quarter. Comerica Bank bought a new stake in AECOM worth $5,454,000 in the third quarter. Finally, Pallas Capital Advisors LLC bought a new stake in AECOM in the 4th quarter valued at $340,000. Hedge funds and other institutional investors own 85.41% of the company’s shares.

AECOM stock performance

NYSE:ACM opened at $93.35 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.87. AECOM has a fifty-two week low of $74.40 and a fifty-two week high of $98.72. The stock has a market cap of $12.70 billion, a price-to-earnings ratio of 207.45, a price-to-earnings growth ratio of 1.38 and a beta of 1.24. The company’s fifty-day simple moving average is $92.81 and its 200-day simple moving average is $88.73.

AECOM (NYSE:ACM – Get Free Report) published its latest quarterly results on Tuesday, February 6. The construction company reported $1.05 earnings per share for the quarter, beating analyst consensus estimates of $0.92 by $0.13. AECOM had a net margin of 0.42% and a return on equity of 21.45%. The company had revenue of $3.90 billion for the quarter. During the same period last year, the company posted earnings per share of $0.86. Analysts expect AECOM to post earnings per share of 4.43 for the current financial year.

AECOM announces dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10. Shareholders of record on Wednesday, April 24 will receive a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, April 23. This represents a dividend of $0.88 annually and a dividend yield of 0.94%. AECOM’s dividend payout ratio (DPR) currently stands at 195.56%.

Analysts set new price targets

ACM has been the subject of various research reports. Robert W. Baird raised their price target on shares of AECOM from $100.00 to $103.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6. Barclays lifted their price objective on shares of AECOM from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13. KeyCorp raised its price objective on shares of AECOM from $104.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday. TheStreet upgraded shares of AECOM from a “c+” rating to a “b” rating in a research note on Monday, February 5th. Finally, Truist Financial initiated coverage on AECOM stock in a research note on Thursday, March 14th. They gave a buy rating and a $106.00 price target for the stock. Eight research analysts have rated the stock with a buy rating. According to MarketBeat, AECOM currently has a consensus rating of ‘Buy’ and a consensus price target of $102.14.

Check out our latest report on ACM

AECOM profile

(Free report)

AECOM, together with its subsidiaries, provides professional infrastructure consultancy services worldwide. It operates in three segments: Americas, International and AECOM Capital. The company provides planning, consulting, architectural and engineering design, construction and program management, and investment and development services to public and private clients.

Featured Stories

Would you like to see what other hedge funds own ACM? Visit HoldingsChannel.com for the latest 13F filings and insider trades for AECOM (NYSE:ACM – Free Report).

Receive daily news and reviews for AECOM – Enter your email address below to receive a daily summary of the latest news and analyst ratings for AECOM and related companies with MarketBeat.com’s FREE daily email newsletter.