PNC Financial Services Group Inc. Has $1.06 Million Stake in AECOM (NYSE:ACM)

PNC Financial Services Group Inc. lessened its stake in AECOM (NYSE:ACM) by 9.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,500 shares of the construction company’s stock after selling 1,171 shares during the period. PNC Financial Services Group Inc.’s holdings in AECOM were worth $1,063,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Ables Iannone Moore & Associates Inc. acquired a new position in shares of AECOM in the 4th quarter valued at $28,000. Creekmur Asset Management LLC acquired a new stake in shares of AECOM during the fourth quarter worth about $28,000. Goldman Sachs Group Inc. lifted its holdings in shares of AECOM by 3.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 431,875 shares of the construction company’s stock valued at $39,918,000 after purchasing an additional 13,986 shares in the last quarter. V Square Quantitative Management LLC grew its position in shares of AECOM by 72.4% in the 4th quarter. V Square Quantitative Management LLC now owns 1,457 shares of the construction company’s stock valued at $135,000 after purchasing an additional 612 shares during the period. Finally, Quarry LP bought a new stake in AECOM during the 4th quarter worth approximately $50,000. Institutional investors and hedge funds own 85.41% of the company’s stock.

Insider Buying and Selling

In other AECOM news, Director Douglas Stotlar sold 7,179 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $93.51, for a total value of $671,308.29. Following the sale, the director now owns 34,667 shares in the company, valued at $3,241,711.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.42% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ACM. UBS Group lifted their price target on shares of AECOM from $105.00 to $106.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Citigroup increased their target price on AECOM from $107.00 to $116.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Truist Financial reissued a “buy” rating and issued a $113.00 price target (up previously from $106.00) on shares of AECOM in a research note on Wednesday, May 8th. Robert W. Baird upped their price objective on AECOM from $104.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 7th. Finally, KeyCorp lifted their target price on AECOM from $104.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $107.25.

AECOM Stock Up 1.0 %

ACM stock opened at $89.78 on Monday. The company has a market cap of $12.22 billion, a price-to-earnings ratio of -997.44, a P/E/G ratio of 1.25 and a beta of 1.21. AECOM has a twelve month low of $74.40 and a twelve month high of $98.72. The business has a 50 day moving average price of $90.23 and a two-hundred day moving average price of $91.05. 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 released its earnings results on Monday, May 6th. The construction company reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.01). AECOM had a negative net margin of 0.09% and a positive return on equity of 22.73%. The firm had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $1.80 billion. AECOM’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.92 earnings per share. Analysts anticipate that AECOM will post 4.49 EPS for the current fiscal year.

AECOM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Wednesday, July 3rd will be paid a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $0.88 annualized dividend and a yield of 0.98%. AECOM’s dividend payout ratio (DPR) is currently -977.67%.

AECOM 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.