AECOM (NYSE:ACM) Shares Purchased by AXQ Capital LP

AXQ Capital LP boosted its stake in AECOM (NYSE:ACM) by 35.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 9,639 shares of the construction company’s stock after purchasing an additional 2,505 shares during the period. AXQ Capital LP’s holdings in AECOM were worth $1,030,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Magnus Financial Group LLC increased its holdings in AECOM by 93.5% in the 4th quarter. Magnus Financial Group LLC now owns 4,860 shares of the construction company’s stock valued at $519,000 after purchasing an additional 2,348 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of AECOM by 40.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock worth $79,339,000 after purchasing an additional 220,035 shares during the last quarter. TT International Asset Management LTD purchased a new stake in shares of AECOM during the 4th quarter worth $3,578,000. Park Avenue Securities LLC lifted its position in shares of AECOM by 176.9% during the 4th quarter. Park Avenue Securities LLC now owns 7,239 shares of the construction company’s stock worth $773,000 after purchasing an additional 4,625 shares during the last quarter. Finally, Truist Financial Corp lifted its position in AECOM by 28.7% in the fourth quarter. Truist Financial Corp now owns 9,851 shares of the construction company’s stock valued at $1,052,000 after acquiring an additional 2,194 shares during the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Trading Down 0.9 %

Shares of AECOM stock opened at $94.14 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. The company’s 50-day simple moving average is $101.78 and its 200-day simple moving average is $105.09. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56. The firm has a market cap of $12.49 billion, a price-to-earnings ratio of 26.74, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22.

AECOM (NYSE:ACM) last issued its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. As a group, equities research analysts anticipate that AECOM will post 5.1 earnings per share for the current year.

AECOM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Wednesday, April 2nd. AECOM’s dividend payout ratio (DPR) is presently 29.55%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ACM shares. KeyCorp reduced their price target on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Barclays boosted their price target on shares of AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Truist Financial boosted their price target on shares of AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Citigroup dropped their price objective on shares of AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Finally, Robert W. Baird dropped their price objective on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $120.38.

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.