Vinva Investment Management Ltd grew its holdings in shares of AECOM (NYSE:ACM – Free Report) by 76.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 104,146 shares of the construction company’s stock after purchasing an additional 44,957 shares during the quarter. Vinva Investment Management Ltd owned approximately 0.08% of AECOM worth $13,525,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC grew its position in AECOM by 0.6% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 13,124 shares of the construction company’s stock valued at $1,712,000 after buying an additional 77 shares during the period. Deseret Mutual Benefit Administrators raised its position in AECOM by 10.8% in the third quarter. Deseret Mutual Benefit Administrators now owns 997 shares of the construction company’s stock worth $130,000 after acquiring an additional 97 shares during the period. TD Asset Management Inc raised its position in AECOM by 0.7% in the third quarter. TD Asset Management Inc now owns 15,278 shares of the construction company’s stock worth $1,993,000 after acquiring an additional 99 shares during the period. Archer Investment Corp boosted its stake in AECOM by 9.3% in the second quarter. Archer Investment Corp now owns 1,175 shares of the construction company’s stock valued at $133,000 after acquiring an additional 100 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in AECOM by 38.5% in the second quarter. Allworth Financial LP now owns 392 shares of the construction company’s stock valued at $44,000 after acquiring an additional 109 shares during the last quarter. 85.41% of the stock is currently owned by institutional investors.
AECOM Price Performance
ACM stock opened at $94.17 on Friday. The firm has a 50 day moving average of $96.75 and a 200-day moving average of $112.47. The firm has a market capitalization of $12.18 billion, a P/E ratio of 26.75, a price-to-earnings-growth ratio of 1.16 and a beta of 1.06. AECOM has a 12 month low of $85.00 and a 12 month high of $135.52. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.08.
AECOM Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Wednesday, April 1st will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, April 1st. AECOM’s dividend payout ratio (DPR) is 35.23%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on ACM shares. KeyCorp restated an “overweight” rating and set a $115.00 price target on shares of AECOM in a research note on Wednesday, January 7th. Bank of America upped their price objective on AECOM from $117.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. UBS Group increased their price objective on AECOM from $143.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Weiss Ratings downgraded AECOM from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 29th. Finally, Truist Financial restated a “buy” rating and issued a $132.00 target price (up from $126.00) on shares of AECOM in a research note on Wednesday, February 11th. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, AECOM has an average rating of “Moderate Buy” and a consensus price target of $130.09.
Check Out Our Latest Analysis on ACM
AECOM Company Profile
AECOM is a multinational infrastructure consulting firm that provides a broad range of professional technical and management services. Its core offerings include architecture and engineering design, program and construction management, environmental remediation and consulting, and operations and maintenance support. The company works across the full project lifecycle from planning and design through construction and long‑term asset management.
AECOM serves public- and private-sector clients in major built-environment markets, including transportation (roads, bridges, rail, airports), water and wastewater systems, buildings and places, energy and power, and environmental services.
Recommended Stories
- Five stocks we like better than AECOM
- How JPMorgan’s $8,000 Gold Call Will Leave Most Retirement Accounts Behind
- Silver Is the New Oil—And the World’s Running Dry
- Nvidia CEO Issues Bold Tesla Call
- What central banks are doing with gold right now
- This makes me furious
Receive News & Ratings for AECOM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AECOM and related companies with MarketBeat.com's FREE daily email newsletter.
