AECOM (NYSE:ACM – Get Free Report) declared a quarterly dividend on Tuesday, November 18th. Stockholders of record on Wednesday, January 7th will be paid a dividend of 0.31 per share by the construction company on Friday, January 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Wednesday, January 7th. This is a 19.2% increase from AECOM’s previous quarterly dividend of $0.26.
AECOM has a payout ratio of 18.4% meaning its dividend is sufficiently covered by earnings. Analysts expect AECOM to earn $5.65 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 18.4%.
AECOM Stock Down 2.7%
Shares of NYSE ACM opened at $123.70 on Wednesday. The stock has a market capitalization of $16.38 billion, a price-to-earnings ratio of 26.91, a price-to-earnings-growth ratio of 1.96 and a beta of 1.06. AECOM has a 52 week low of $85.00 and a 52 week high of $135.52. The firm has a 50-day moving average price of $130.92 and a 200 day moving average price of $120.10. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91.
Institutional Investors Weigh In On AECOM
Hedge funds have recently modified their holdings of the company. Westend Capital Management LLC purchased a new position in shares of AECOM during the third quarter valued at approximately $26,000. Atlantic Union Bankshares Corp purchased a new stake in AECOM in the 3rd quarter worth approximately $26,000. TCTC Holdings LLC raised its holdings in AECOM by 120.3% in the 1st quarter. TCTC Holdings LLC now owns 304 shares of the construction company’s stock valued at $28,000 after acquiring an additional 166 shares during the last quarter. MAI Capital Management purchased a new position in shares of AECOM during the 1st quarter worth $28,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of AECOM by 212.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 316 shares of the construction company’s stock worth $29,000 after purchasing an additional 215 shares during the last quarter. 85.41% of the stock is owned by institutional investors and hedge funds.
About AECOM
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.
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