AECOM (NYSE:ACM) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its stake in shares of AECOM (NYSE:ACM) by 5.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 216,114 shares of the construction company’s stock after acquiring an additional 12,003 shares during the quarter. BNP Paribas Financial Markets’ holdings in AECOM were worth $23,085,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Ranch Capital Advisors Inc. boosted its stake in AECOM by 2.3% during the 4th quarter. Ranch Capital Advisors Inc. now owns 4,482 shares of the construction company’s stock valued at $479,000 after purchasing an additional 99 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in AECOM by 17.5% during the fourth quarter. Brown Brothers Harriman & Co. now owns 691 shares of the construction company’s stock valued at $74,000 after buying an additional 103 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in AECOM by 1.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company’s stock worth $809,000 after acquiring an additional 109 shares during the period. Avitas Wealth Management LLC grew its holdings in AECOM by 0.6% during the fourth quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company’s stock worth $2,023,000 after acquiring an additional 110 shares during the period. Finally, Principal Securities Inc. raised its position in AECOM by 95.9% in the fourth quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock worth $25,000 after acquiring an additional 116 shares in the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Price Performance

NYSE ACM opened at $104.67 on Friday. The company has a 50 day moving average price of $95.47 and a two-hundred day moving average price of $103.50. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56. The stock has a market capitalization of $13.88 billion, a PE ratio of 29.74, a price-to-earnings-growth ratio of 1.63 and a beta of 0.96. 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 (NYSE:ACM) last released its quarterly earnings data on Monday, May 5th. The construction company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.10. AECOM had a net margin of 2.93% and a return on equity of 26.84%. The business had revenue of $3.77 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same quarter in the previous year, the business earned $1.04 EPS. AECOM’s quarterly revenue was up 2.6% compared to the same quarter last year. As a group, equities analysts predict that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd were issued a $0.26 dividend. The ex-dividend date was Wednesday, April 2nd. This represents a $1.04 annualized dividend and a yield of 0.99%. AECOM’s dividend payout ratio (DPR) is currently 29.55%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Truist Financial lowered their price objective on shares of AECOM from $129.00 to $121.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Royal Bank of Canada upped their price target on AECOM from $123.00 to $126.00 and gave the company an “outperform” rating in a report on Wednesday. Citigroup increased their price objective on AECOM from $116.00 to $122.00 and gave the company a “buy” rating in a research report on Wednesday. KeyCorp decreased their price target on shares of AECOM from $121.00 to $109.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Finally, Barclays upped their price objective on shares of 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, Based on data from MarketBeat.com, AECOM presently has an average rating of “Buy” and an average target price of $119.00.

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.