Russell Investments Group Ltd. boosted its position in shares of AECOM (NYSE:ACM – Get Rating) by 11.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,290 shares of the construction company’s stock after acquiring an additional 6,530 shares during the quarter. Russell Investments Group Ltd.’s holdings in AECOM were worth $5,015,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC raised its position in AECOM by 107.6% during the first quarter. Signaturefd LLC now owns 355 shares of the construction company’s stock worth $27,000 after acquiring an additional 184 shares in the last quarter. Steward Financial Group LLC bought a new stake in AECOM during the first quarter worth $34,000. Nauset Wealth Management. LLC bought a new stake in AECOM during the first quarter worth $35,000. CWM LLC bought a new stake in AECOM during the fourth quarter worth $37,000. Finally, CENTRAL TRUST Co acquired a new position in shares of AECOM in the fourth quarter valued at $38,000. 86.15% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the stock. Robert W. Baird upped their price objective on shares of AECOM from $80.00 to $82.00 in a report on Wednesday. StockNews.com upgraded shares of AECOM from a “hold” rating to a “buy” rating in a report on Thursday, July 28th. Royal Bank of Canada assumed coverage on shares of AECOM in a report on Wednesday, April 27th. They issued an “outperform” rating and a $91.00 price objective on the stock. Citigroup decreased their price objective on shares of AECOM from $92.00 to $85.00 in a report on Friday, July 22nd. Finally, Credit Suisse Group set a $76.00 price objective on shares of AECOM in a report on Tuesday, July 19th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $86.88.
AECOM Trading Up 2.5 %
ACM stock opened at $74.72 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.08 and a current ratio of 1.08. The company’s 50-day simple moving average is $67.21 and its 200 day simple moving average is $70.70. AECOM has a 52 week low of $60.74 and a 52 week high of $79.97. The company has a market capitalization of $10.56 billion, a PE ratio of 51.18, a price-to-earnings-growth ratio of 1.30 and a beta of 1.40.
AECOM (NYSE:ACM – Get Rating) last released its quarterly earnings results on Monday, August 8th. The construction company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.82 by $0.04. The business had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.49 billion. AECOM had a net margin of 1.59% and a return on equity of 17.35%. AECOM’s revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.73 earnings per share. As a group, sell-side analysts anticipate that AECOM will post 3.43 earnings per share for the current year.
AECOM Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 22nd. Shareholders of record on Wednesday, July 6th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, July 5th. This represents a $0.60 dividend on an annualized basis and a yield of 0.80%. AECOM’s payout ratio is 41.10%.
AECOM, together with its subsidiaries, provides professional infrastructure consulting services for governments, businesses, and organizations in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through 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 commercial and government clients.
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