Ranch Capital Advisors Inc. Acquires 185 Shares of AECOM (NYSE:ACM)

Ranch Capital Advisors Inc. lifted its stake in shares of AECOM (NYSE:ACM) by 4.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,796 shares of the construction company’s stock after acquiring an additional 185 shares during the period. Ranch Capital Advisors Inc.’s holdings in AECOM were worth $423,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ACM. Acadian Asset Management LLC bought a new stake in AECOM in the 1st quarter valued at about $1,085,000. Janney Montgomery Scott LLC increased its stake in AECOM by 1,082.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 34,778 shares of the construction company’s stock valued at $3,411,000 after purchasing an additional 31,838 shares in the last quarter. Norges Bank acquired a new position in AECOM during the fourth quarter worth $159,060,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of AECOM by 102.7% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 232,223 shares of the construction company’s stock valued at $22,777,000 after buying an additional 117,646 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of AECOM by 1,717.1% during the first quarter. SG Americas Securities LLC now owns 163,480 shares of the construction company’s stock valued at $16,034,000 after buying an additional 154,483 shares during the last quarter. 85.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Barclays boosted their price objective on AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Truist Financial reiterated a “buy” rating and issued a $108.00 target price (up previously from $107.00) on shares of AECOM in a report on Wednesday, August 7th. UBS Group increased their price objective 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. KeyCorp boosted their target price on AECOM from $94.00 to $99.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Finally, Robert W. Baird increased their price target on AECOM from $96.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $105.00.

AECOM Price Performance

NYSE ACM opened at $101.24 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.98. The company has a market cap of $13.78 billion, a PE ratio of -1,124.89, a price-to-earnings-growth ratio of 1.60 and a beta of 1.17. AECOM has a 52 week low of $74.40 and a 52 week high of $102.26. The firm’s 50-day simple moving average is $94.34 and its two-hundred day simple moving average is $92.19.

AECOM (NYSE:ACM) last released its quarterly earnings data on Monday, August 5th. The construction company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.12 by $0.04. AECOM had a net margin of 1.61% and a return on equity of 24.14%. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period last year, the firm earned $0.94 EPS. AECOM’s revenue for the quarter was up 13.3% on a year-over-year basis. Research analysts predict that AECOM will post 4.46 earnings per share for the current year.

AECOM Announces Dividend

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

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.