Federated Hermes Inc. has $37.69 million worth of shares in AECOM (NYSE:ACM)

Federated Hermes Inc. cut its position in AECOM (NYSE:ACM – Free Report) by 12.0% during the fourth quarter, the company said in its most recent Form 13F filing with the Securities & Exchange Commission. The company owned 407,709 shares of the construction company’s stock after selling 55,490 shares during the period. The interests of Federated Hermes Inc. in AECOM were worth $37,685,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold ACM shares. HighTower Advisors LLC boosted its position in shares of AECOM by 31.9% during the first quarter. HighTower Advisors LLC now owns 5,704 shares of the construction company’s stock valued at $436,000 after purchasing an additional 1,378 shares in the last quarter. Bank of Montreal Can increased its holdings in AECOM shares by 3.5% during the first quarter. Bank of Montreal Can now owns 34,177 shares of the construction company’s stock worth $2,676,000 after purchasing an additional 1,162 shares in the last quarter. Aviva PLC increased its position in AECOM shares by 26.6% during the first quarter. Aviva PLC now owns 22,872 shares of the construction company’s stock worth $1,757,000 after purchasing an additional 4,799 shares during the period. Cetera Investment Advisers increased its holdings in shares of AECOM by 3.0% in the first quarter. Cetera Investment Advisers now owns 9,119 shares of the construction company’s stock valued at $700,000, after acquiring an additional 264 shares in the last quarter. Finally, Covestor Ltd increased its position in shares of AECOM by 1,261.6% during the first quarter. Covestor Ltd now owns 1,525 shares of the construction company’s stock worth $117,000 after acquiring an additional 1,413 shares during the period. Institutional investors own 85.41% of the company’s shares.

Wall Street analysts predict growth

ACM has been the subject of several reports from research analysts. TheStreet upgraded shares of AECOM from a “c+” rating to a “b” rating in a research note on Monday, February 5th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $109.00 target price on shares of AECOM in a research report on Wednesday, February 7. Truist Financial began reporting on AECOM in a report on Thursday, March 14. They gave a buy rating and a $106.00 price target for the stock. Robert W. Baird raised their price objective on AECOM from $100.00 to $103.00 and gave the company an “outperform” rating in a report on Tuesday, February 6. Finally, KeyCorp raised their price target on AECOM from $104.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday. Eight research analysts have rated the stock with a buy rating. According to data from MarketBeat, AECOM currently has a consensus rating of ‘Buy’ and an average target price of $102.14.

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AECOM shares rise 0.1%

Shares of NYSE:ACM opened at $93.35 on Friday. The stock has a market cap of $12.70 billion, a price-to-earnings ratio of 207.45, a PEG ratio of 1.38 and a beta of 1.24. The company’s 50-day moving average is $92.81 and its 200-day moving average is $88.61. AECOM has a 12-month low of $74.40 and a 12-month high of $98.72. 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 (NYSE:ACM – Get Free Report) last posted its earnings results on Tuesday, February 6. The construction company reported $1.05 earnings per share for the quarter, beating the consensus estimate 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 quarter of the previous year, the company earned earnings per share of $0.86. On average, sell-side analysts predict that AECOM will post earnings per share of 4.45 for the current financial year.

AECOM dividend announcement

The company also recently announced 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 is Tuesday, April 23. This represents a dividend of $0.88 annually and a dividend yield of 0.94%. AECOM’s dividend payout ratio currently stands at 195.56%.

AECOM company 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.

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