AECOM (NYSE:ACM – Get Free Report) announced a quarterly dividend on Thursday, September 17th. Shareholders of record on Wednesday, October 14th will be paid a dividend of 0.31 per share by the construction company on Friday, October 30th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, October 14th.
AECOM has a payout ratio of 21.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect AECOM to earn $5.99 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 20.7%.
AECOM Stock Up 1.0%
Shares of ACM traded up $0.63 during mid-day trading on Thursday, reaching $63.44. 1,075,095 shares of the stock traded hands, compared to its average volume of 1,776,680. The firm has a market cap of $8.16 billion, a price-to-earnings ratio of 29.10, a P/E/G ratio of 1.72 and a beta of 0.91. The stock has a fifty day simple moving average of $67.74 and a 200 day simple moving average of $75.26. AECOM has a 12-month low of $60.35 and a 12-month high of $135.52. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.11.
Hedge Funds Weigh In On AECOM
Large investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in AECOM in the second quarter valued at about $1,003,699,000. Primecap Management Co. CA acquired a new position in shares of AECOM in the 2nd quarter worth approximately $613,336,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of AECOM in the 2nd quarter worth approximately $383,701,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of AECOM by 2.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,565,323 shares of the construction company’s stock worth $248,860,000 after acquiring an additional 83,360 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of AECOM by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 2,444,275 shares of the construction company’s stock valued at $232,359,000 after acquiring an additional 25,929 shares during the last quarter. Institutional investors own 85.41% of the company’s stock.
About AECOM
AECOM (NYSE: ACM) is a global infrastructure consulting firm that provides professional services across the project life cycle. The company supports public- and private-sector clients with planning, design, engineering, program and construction management, and operations services.
Its work spans transportation, water, environmental services, energy, buildings and places, and government infrastructure. AECOM serves clients including transportation agencies, governments, utilities, commercial organizations, and other institutions, helping them develop and maintain complex infrastructure and facilities.
AECOM operates internationally, with projects and operations across the Americas, Europe, the Middle East, India, and the Asia-Pacific region.
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