Vise Technologies Inc. Takes Position in AECOM (NYSE:ACM)

Vise Technologies Inc. bought a new position in shares of AECOM (NYSE:ACM) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,130 shares of the construction company’s stock, valued at approximately $228,000.

Other hedge funds have also added to or reduced their stakes in the company. Principal Securities Inc. boosted its holdings in shares of AECOM by 95.9% during the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock worth $25,000 after buying an additional 116 shares in the last quarter. Allworth Financial LP boosted its stake in AECOM by 390.6% during the fourth quarter. Allworth Financial LP now owns 260 shares of the construction company’s stock worth $29,000 after acquiring an additional 207 shares in the last quarter. National Pension Service acquired a new stake in AECOM in the fourth quarter worth $32,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in AECOM in the fourth quarter worth $35,000. Finally, Wingate Wealth Advisors Inc. bought a new stake in AECOM in the fourth quarter valued at $51,000. 85.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ACM shares. Royal Bank of Canada raised their target price on AECOM from $123.00 to $126.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Robert W. Baird raised their price objective on AECOM from $108.00 to $118.00 and gave the company an “outperform” rating in a research note on Tuesday, May 6th. Truist Financial lowered their target price on AECOM from $129.00 to $121.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Citigroup increased their target price on AECOM from $116.00 to $122.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Finally, 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 research note on Wednesday, April 16th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, AECOM presently has an average rating of “Buy” and an average price target of $120.86.

AECOM Trading Down 1.2%

Shares of AECOM stock opened at $108.11 on Thursday. The company has a market capitalization of $14.30 billion, a P/E ratio of 30.71, a price-to-earnings-growth ratio of 1.63 and a beta of 0.96. The stock has a fifty day simple moving average of $98.74 and a 200 day simple moving average of $103.48. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02.

AECOM (NYSE:ACM) last posted its quarterly earnings data on Monday, May 5th. The construction company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.10. The firm had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $4.18 billion. AECOM had a net margin of 2.93% and a return on equity of 26.84%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.04 EPS. On average, sell-side analysts anticipate that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd were paid a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $1.04 annualized dividend and a yield of 0.96%. AECOM’s dividend payout ratio (DPR) is 22.66%.

AECOM 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.