Two Sigma Advisers LP Acquires 48,800 Shares of AECOM (NYSE:ACM)

Two Sigma Advisers LP grew its stake in AECOM (NYSE:ACM) by 7.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 700,199 shares of the construction company’s stock after buying an additional 48,800 shares during the period. Two Sigma Advisers LP owned 0.53% of AECOM worth $74,795,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ACM. Principal Securities Inc. lifted its stake in shares of AECOM by 95.9% in the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock valued at $25,000 after purchasing an additional 116 shares during the period. Allworth Financial LP grew its position in AECOM by 390.6% in the 4th quarter. Allworth Financial LP now owns 260 shares of the construction company’s stock valued at $29,000 after purchasing an additional 207 shares during the period. National Pension Service bought a new stake in shares of AECOM during the fourth quarter worth about $32,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of AECOM in the fourth quarter worth approximately $35,000. Finally, Wingate Wealth Advisors Inc. purchased a new stake in AECOM in the 4th quarter valued at $51,000. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Stock Performance

NYSE ACM opened at $108.91 on Tuesday. The firm has a market cap of $14.41 billion, a price-to-earnings ratio of 30.94, a PEG ratio of 1.63 and a beta of 0.96. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56. The company has a 50-day simple moving average of $96.92 and a two-hundred day simple moving average of $103.51. 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 announced its quarterly earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share 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 analysts’ expectations of $4.18 billion. During the same quarter in the prior year, the company posted $1.04 EPS. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities analysts forecast that AECOM will post 5.1 EPS for the current year.

AECOM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd were issued 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 0.95%. AECOM’s dividend payout ratio (DPR) is presently 22.66%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Citigroup boosted their target price on AECOM from $116.00 to $122.00 and gave the stock a “buy” rating in a research note on Wednesday, May 7th. Truist Financial lowered their price target on shares of AECOM from $129.00 to $121.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. KeyCorp dropped their price objective on AECOM from $121.00 to $109.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Barclays boosted their price target on shares of AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Royal Bank of Canada upped their price objective on shares of AECOM from $123.00 to $126.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $119.00.

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.