4,447 Shares in AECOM (NYSE:ACM) Purchased by Aristeia Capital L.L.C.

Aristeia Capital L.L.C. bought a new position in shares of AECOM (NYSE:ACM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,447 shares of the construction company’s stock, valued at approximately $475,000.

Several other hedge funds have also made changes to their positions in ACM. JPMorgan Chase & Co. lifted its holdings in AECOM by 40.1% in the third quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock valued at $79,339,000 after acquiring an additional 220,035 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of AECOM by 35.3% in the 4th quarter. GAMMA Investing LLC now owns 1,528 shares of the construction company’s stock valued at $163,000 after purchasing an additional 399 shares during the last quarter. Everence Capital Management Inc. acquired a new position in shares of AECOM in the 4th quarter valued at $458,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of AECOM by 1.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company’s stock worth $809,000 after purchasing an additional 109 shares during the period. Finally, TT International Asset Management LTD purchased a new stake in AECOM in the 4th quarter valued at about $3,578,000. Hedge funds and other institutional investors own 85.41% of the company’s stock.

AECOM Stock Performance

Shares of ACM stock opened at $102.42 on Friday. The firm has a 50 day moving average of $94.90 and a two-hundred day moving average of $103.64. The stock has a market capitalization of $13.58 billion, a PE ratio of 29.10, a P/E/G ratio of 1.63 and a beta of 1.03. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56.

AECOM (NYSE:ACM) last released its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. On average, research analysts predict that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.02%. AECOM’s payout ratio is 29.55%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ACM. Truist Financial lowered their target price on shares of AECOM from $129.00 to $121.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Citigroup lowered their price objective on shares of AECOM from $127.00 to $116.00 and set a “buy” rating for the company in a research report on Friday, April 25th. KeyCorp cut their target price on AECOM from $121.00 to $109.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Robert W. Baird decreased their price target on AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. Finally, Barclays lifted their price objective on AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $116.50.

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.