AECOM (NYSE:ACM) Shares Purchased by King Luther Capital Management Corp

King Luther Capital Management Corp increased its position in shares of AECOM (NYSE:ACM) by 0.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,926 shares of the construction company’s stock after purchasing an additional 214 shares during the period. King Luther Capital Management Corp’s holdings in AECOM were worth $3,607,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ACM. EntryPoint Capital LLC acquired a new position in AECOM in the first quarter valued at $25,000. Ables Iannone Moore & Associates Inc. acquired a new position in AECOM in the fourth quarter valued at $28,000. Creekmur Asset Management LLC acquired a new position in AECOM in the fourth quarter valued at $28,000. Rise Advisors LLC acquired a new position in AECOM in the first quarter valued at $31,000. Finally, Family Firm Inc. acquired a new position in AECOM in the second quarter valued at $31,000. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Trading Down 0.0 %

NYSE ACM opened at $101.19 on Friday. The stock has a market capitalization of $13.77 billion, a P/E ratio of -1,124.33, a P/E/G 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 has a 50-day moving average price of $94.62 and a 200 day moving average price of $92.29. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.98.

AECOM (NYSE:ACM) last issued its earnings results on Monday, August 5th. The construction company reported $1.16 earnings per share 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 for the quarter, compared to analyst estimates of $1.85 billion. During the same period in the prior year, the business posted $0.94 earnings per share. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. Equities research analysts expect that AECOM will post 4.46 EPS for the current year.

AECOM Announces Dividend

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

Analysts Set New Price Targets

ACM has been the subject of several research analyst reports. Truist Financial restated a “buy” rating and issued a $108.00 price objective (up previously from $107.00) on shares of AECOM in a research note on Wednesday, August 7th. Robert W. Baird upped their target price on shares of AECOM from $96.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Royal Bank of Canada upped their target price on shares of AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Barclays upped their target price on shares of AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Finally, KeyCorp upped their target price 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 equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, AECOM currently has a consensus rating of “Buy” and an average price target of $105.00.

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.