Bleakley Financial Group LLC bought a new position in AECOM (NYSE:ACM – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,521 shares of the construction company’s stock, valued at approximately $260,000.
A number of other hedge funds have also added to or reduced their stakes in ACM. EntryPoint Capital LLC bought a new stake in AECOM in the first quarter worth approximately $25,000. Family Firm Inc. bought a new stake in AECOM in the second quarter worth approximately $31,000. UMB Bank n.a. grew its stake in shares of AECOM by 196.2% in the 3rd quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock valued at $40,000 after buying an additional 257 shares during the period. Versant Capital Management Inc grew its stake in shares of AECOM by 4,375.0% in the 2nd quarter. Versant Capital Management Inc now owns 537 shares of the construction company’s stock valued at $47,000 after buying an additional 525 shares during the period. Finally, Kathleen S. Wright Associates Inc. acquired a new stake in shares of AECOM in the 3rd quarter valued at about $50,000. 85.41% of the stock is currently owned by institutional investors.
AECOM Trading Down 0.9 %
NYSE ACM opened at $105.37 on Thursday. The firm has a market capitalization of $14.34 billion, a P/E ratio of -1,170.78, a PEG ratio of 1.58 and a beta of 1.17. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98. The business has a fifty day simple moving average of $100.89 and a 200 day simple moving average of $93.88. AECOM has a 12 month low of $74.40 and a 12 month high of $108.26.
AECOM Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, October 2nd were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Wednesday, October 2nd. AECOM’s dividend payout ratio is presently -977.78%.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on ACM. Robert W. Baird raised their target price on AECOM from $96.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. KeyCorp raised their price objective on shares of AECOM from $99.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Royal Bank of Canada raised their price objective on shares of AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. StockNews.com lowered shares of AECOM from a “buy” rating to a “hold” rating in a research note on Saturday, October 19th. Finally, Truist Financial raised their price objective on shares of AECOM from $108.00 to $119.00 and gave the company a “buy” rating in a research note on Friday, October 4th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $112.29.
View Our Latest Report on AECOM
AECOM Company 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.
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