Virtus Fund Advisers LLC Acquires New Holdings in AECOM (NYSE:ACM)

Virtus Fund Advisers LLC bought a new position in shares of AECOM (NYSE:ACM) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,373 shares of the construction company’s stock, valued at approximately $147,000. AECOM comprises about 0.5% of Virtus Fund Advisers LLC’s portfolio, making the stock its 12th biggest holding.

A number of other institutional investors have also recently added to or reduced their stakes in ACM. Prudential Financial Inc. lifted its position in shares of AECOM by 16.6% in the 4th quarter. Prudential Financial Inc. now owns 27,524 shares of the construction company’s stock worth $2,940,000 after purchasing an additional 3,921 shares during the period. Magnus Financial Group LLC raised its stake in AECOM by 93.5% during the fourth quarter. Magnus Financial Group LLC now owns 4,860 shares of the construction company’s stock worth $519,000 after buying an additional 2,348 shares during the last quarter. Raymond James Financial Inc. acquired a new position in AECOM in the fourth quarter valued at $9,705,000. Park Avenue Securities LLC boosted its position in AECOM by 176.9% during the fourth quarter. Park Avenue Securities LLC now owns 7,239 shares of the construction company’s stock valued at $773,000 after acquiring an additional 4,625 shares during the last quarter. Finally, Truist Financial Corp grew its holdings in AECOM by 28.7% during the 4th quarter. Truist Financial Corp now owns 9,851 shares of the construction company’s stock worth $1,052,000 after acquiring an additional 2,194 shares during the period. 85.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Citigroup boosted their price objective on AECOM from $116.00 to $122.00 and gave the company a “buy” rating in a research note on Wednesday, May 7th. Robert W. Baird increased their price target on AECOM from $108.00 to $118.00 and gave the stock an “outperform” rating in a report on Tuesday, May 6th. KeyCorp lowered their price objective on shares of AECOM from $121.00 to $109.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Barclays increased their target price on shares of AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Royal Bank of Canada lifted their price target on shares of AECOM from $123.00 to $126.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $119.00.

AECOM Trading Up 1.1%

NYSE:ACM opened at $109.48 on Monday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. AECOM has a one year low of $82.23 and a one year high of $118.56. The company has a market cap of $14.48 billion, a PE ratio of 31.10, a PEG ratio of 1.63 and a beta of 0.96. The firm has a 50-day moving average of $96.63 and a 200-day moving average of $103.51.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Monday, May 5th. The construction company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.10. AECOM had a return on equity of 26.84% and a net margin of 2.93%. The firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same period in the previous year, the company posted $1.04 EPS. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. As a group, equities research analysts expect that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Wednesday, April 2nd. AECOM’s dividend payout ratio (DPR) is presently 22.66%.

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.