Diversified Trust Co Takes Position in AECOM (NYSE:ACM)

Diversified Trust Co purchased a new position in shares of AECOM (NYSE:ACM) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 10,551 shares of the construction company’s stock, valued at approximately $1,035,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Findlay Park Partners LLP raised its stake in AECOM by 21.8% during the fourth quarter. Findlay Park Partners LLP now owns 2,088,383 shares of the construction company’s stock worth $193,029,000 after acquiring an additional 374,250 shares in the last quarter. Norges Bank bought a new position in AECOM in the 4th quarter valued at approximately $159,060,000. Jacobs Levy Equity Management Inc. boosted its position in AECOM by 1.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 951,097 shares of the construction company’s stock valued at $78,979,000 after buying an additional 16,182 shares in the last quarter. First Trust Advisors LP grew its stake in shares of AECOM by 9.9% during the fourth quarter. First Trust Advisors LP now owns 886,451 shares of the construction company’s stock worth $81,935,000 after buying an additional 79,760 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of AECOM by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 886,328 shares of the construction company’s stock worth $81,923,000 after buying an additional 22,596 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

AECOM Price Performance

Shares of NYSE ACM opened at $85.68 on Tuesday. The company has a market capitalization of $11.66 billion, a PE ratio of -951.89, a P/E/G ratio of 1.24 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 has a twelve month low of $74.40 and a twelve month high of $98.72. The firm has a fifty day simple moving average of $89.68 and a 200 day simple moving average of $90.91.

AECOM (NYSE:ACM) last posted its quarterly earnings data 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 positive return on equity of 22.73% and a negative net margin of 0.09%. The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the business posted $0.92 earnings per share. The business’s revenue was up 13.0% on a year-over-year basis. On average, sell-side analysts forecast that AECOM will post 4.49 EPS for the current year.

AECOM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Wednesday, July 3rd will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Wednesday, July 3rd. AECOM’s payout ratio is -977.67%.

Insider Transactions at AECOM

In related news, Director Douglas Stotlar sold 7,179 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $93.51, for a total transaction of $671,308.29. Following the transaction, the director now owns 34,667 shares in the company, valued at approximately $3,241,711.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.42% of the company’s stock.

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.