Amalgamated Bank Decreases Stock Holdings in AECOM (NYSE:ACM)

Amalgamated Bank decreased its holdings in shares of AECOM (NYSE:ACM) by 6.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,420 shares of the construction company’s stock after selling 5,397 shares during the period. Amalgamated Bank owned about 0.06% of AECOM worth $6,912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ACM. EntryPoint Capital LLC purchased a new position in shares of AECOM during the 1st quarter valued at approximately $25,000. Ables Iannone Moore & Associates Inc. purchased a new position in shares of AECOM during the 4th quarter valued at approximately $28,000. Creekmur Asset Management LLC purchased a new position in shares of AECOM during the 4th quarter valued at approximately $28,000. Rise Advisors LLC purchased a new position in shares of AECOM during the 1st quarter valued at approximately $31,000. Finally, Family Firm Inc. purchased a new position in shares of AECOM during the 2nd quarter valued at approximately $31,000. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ACM shares. Citigroup dropped their price target on AECOM from $116.00 to $104.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Barclays upped their target price on shares of AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. UBS Group raised their price target 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. Truist Financial reaffirmed a “buy” rating and set a $108.00 price objective (up previously from $107.00) on shares of AECOM in a research note on Wednesday, August 7th. Finally, KeyCorp increased their price objective on shares of AECOM from $94.00 to $99.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $105.00.

AECOM Stock Performance

NYSE ACM opened at $101.24 on Friday. The stock’s fifty day moving average is $94.34 and its two-hundred day moving average is $92.19. The firm has a market capitalization of $13.78 billion, a P/E ratio of -1,124.89, a price-to-earnings-growth ratio of 1.60 and a beta of 1.17. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.13. AECOM has a fifty-two week low of $74.40 and a fifty-two week high of $102.26.

AECOM (NYSE:ACM) last released its quarterly earnings data on Monday, August 5th. The construction company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.04. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $1.85 billion. AECOM had a return on equity of 24.14% and a net margin of 1.61%. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 earnings per share. On average, research analysts anticipate that AECOM will post 4.46 earnings per share for the current year.

AECOM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Wednesday, October 2nd will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Wednesday, October 2nd. AECOM’s dividend payout ratio (DPR) is presently -977.78%.

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.