Pallas Capital Advisors LLC Has $413,000 Position in AECOM (NYSE:ACM)

Pallas Capital Advisors LLC raised its position in AECOM (NYSE:ACM) by 27.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,615 shares of the construction company’s stock after purchasing an additional 1,008 shares during the period. Pallas Capital Advisors LLC’s holdings in AECOM were worth $413,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in AECOM during the 4th quarter worth about $159,060,000. Ninety One UK Ltd acquired a new stake in shares of AECOM during the 2nd quarter worth about $46,109,000. Findlay Park Partners LLP grew its stake in AECOM by 22.6% in the 1st quarter. Findlay Park Partners LLP now owns 2,561,327 shares of the construction company’s stock valued at $251,215,000 after buying an additional 472,944 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in AECOM by 451.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 481,769 shares of the construction company’s stock valued at $47,617,000 after acquiring an additional 394,481 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of AECOM by 1,170.9% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 240,512 shares of the construction company’s stock worth $23,589,000 after acquiring an additional 221,588 shares during the period. 85.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ACM has been the topic of a number of recent research reports. UBS Group increased their target price on AECOM from $105.00 to $106.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Robert W. Baird raised their target price on shares of AECOM from $96.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Citigroup cut their price target on AECOM from $116.00 to $104.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Barclays lifted their price objective on AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Finally, KeyCorp raised their price objective on AECOM from $94.00 to $99.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, AECOM has an average rating of “Buy” and a consensus target price of $105.00.

AECOM Stock Up 0.7 %

ACM stock traded up $0.72 during trading on Wednesday, reaching $97.15. The stock had a trading volume of 28,228 shares, compared to its average volume of 793,709. AECOM has a one year low of $74.40 and a one year high of $98.72. The company’s 50 day moving average is $89.66 and its two-hundred day moving average is $90.88. The company has a market capitalization of $13.22 billion, a price-to-earnings ratio of -1,070.67, a P/E/G ratio of 1.47 and a beta of 1.17. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.88.

AECOM (NYSE:ACM) last issued its quarterly earnings results on Monday, August 5th. The construction company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.04. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $1.85 billion. AECOM had a negative net margin of 0.09% and a positive return on equity of 22.73%. AECOM’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.94 EPS. Equities research analysts forecast that AECOM will post 4.42 EPS for the current year.

AECOM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Wednesday, July 3rd were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Wednesday, July 3rd. AECOM’s dividend payout ratio (DPR) is presently -977.78%.

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.