Bleakley Financial Group LLC Makes New $260,000 Investment in AECOM (NYSE:ACM)

Bleakley Financial Group LLC bought a new position in AECOM (NYSE:ACM) 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 (NYSE:ACM) last released its earnings results on Monday, August 5th. The construction company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.04. The company had revenue of $4.15 billion during 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%. AECOM’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.94 earnings per share. On average, analysts predict that AECOM will post 4.46 EPS for the current fiscal year.

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.

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.