5,594 Shares in AECOM (NYSE:ACM) Acquired by MQS Management LLC

MQS Management LLC acquired a new stake in AECOM (NYSE:ACM) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,594 shares of the construction company’s stock, valued at approximately $493,000.

Several other large investors have also modified their holdings of ACM. EntryPoint Capital LLC purchased a new stake in AECOM during the 1st quarter valued at approximately $25,000. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of AECOM during the fourth quarter worth approximately $28,000. Creekmur Asset Management LLC purchased a new stake in shares of AECOM during the fourth quarter worth approximately $28,000. Rise Advisors LLC acquired a new stake in shares of AECOM during the first quarter worth $31,000. Finally, Family Firm Inc. purchased a new position in AECOM in the 2nd quarter valued at $31,000. 85.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on ACM shares. Royal Bank of Canada raised their target price on shares of AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Robert W. Baird raised their price objective on shares of AECOM from $96.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. UBS Group boosted their target price on AECOM from $105.00 to $106.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Truist Financial reissued a “buy” rating and issued a $108.00 price target (up from $107.00) on shares of AECOM in a report on Wednesday, August 7th. Finally, Citigroup dropped their price objective on AECOM from $116.00 to $104.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM presently has a consensus rating of “Buy” and a consensus target price of $105.00.

AECOM Stock Up 3.1 %

AECOM stock opened at $101.24 on Friday. The firm has a market capitalization of $13.78 billion, a price-to-earnings ratio of -1,124.89, a price-to-earnings-growth ratio of 1.60 and a beta of 1.17. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.13. AECOM has a fifty-two week low of $74.40 and a fifty-two week high of $102.26. The stock’s fifty day moving average is $94.34 and its two-hundred day moving average is $92.19.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Monday, August 5th. The construction company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.04. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $1.85 billion. AECOM had a return on equity of 24.14% and a net margin of 1.61%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.94 EPS. Analysts predict that AECOM will post 4.46 EPS for the current fiscal year.

AECOM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Wednesday, October 2nd will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Wednesday, October 2nd. AECOM’s payout ratio is currently -977.78%.

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.