Choreo LLC Acquires New Shares in AECOM (NYSE:ACM)

Choreo LLC acquired a new stake in shares of AECOM (NYSE:ACM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,167 shares of the construction company’s stock, valued at approximately $272,000.

Several other institutional investors also recently modified their holdings of the business. Findlay Park Partners LLP boosted its position in shares of AECOM by 22.6% during the first quarter. Findlay Park Partners LLP now owns 2,561,327 shares of the construction company’s stock valued at $251,215,000 after buying an additional 472,944 shares during the last quarter. Impax Asset Management Group plc boosted its position in shares of AECOM by 15.5% during the second quarter. Impax Asset Management Group plc now owns 1,752,487 shares of the construction company’s stock valued at $154,464,000 after buying an additional 235,350 shares during the last quarter. Norges Bank purchased a new stake in shares of AECOM during the fourth quarter valued at $159,060,000. Bank of New York Mellon Corp boosted its position in shares of AECOM by 18.8% during the second quarter. Bank of New York Mellon Corp now owns 1,628,924 shares of the construction company’s stock valued at $143,573,000 after buying an additional 258,250 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of AECOM by 2.7% during the first quarter. Jacobs Levy Equity Management Inc. now owns 980,228 shares of the construction company’s stock valued at $96,141,000 after buying an additional 26,079 shares during the last quarter. 85.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Royal Bank of Canada raised their target price on AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Robert W. Baird raised their target price on AECOM from $96.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Citigroup dropped their target price on AECOM from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Truist Financial reissued a “buy” rating and issued a $108.00 target price (up from $107.00) on shares of AECOM in a research report on Wednesday, August 7th. Finally, KeyCorp raised their target price on AECOM from $94.00 to $99.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $105.00.

AECOM Stock Up 0.7 %

ACM stock opened at $98.25 on Thursday. AECOM has a twelve month low of $74.40 and a twelve month high of $102.26. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.98. The stock has a market cap of $13.37 billion, a P/E ratio of -1,091.67, a PEG ratio of 1.60 and a beta of 1.17. The business’s 50-day moving average price is $94.04 and its 200-day moving average price is $92.12.

AECOM (NYSE:ACM) last posted its quarterly earnings data on Monday, August 5th. The construction company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.04. AECOM had a return on equity of 24.14% and a net margin of 1.61%. The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the previous year, the firm earned $0.94 EPS. The business’s quarterly revenue was up 13.3% on a year-over-year basis. On average, equities research analysts forecast that AECOM will post 4.46 EPS for the current year.

AECOM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Wednesday, October 2nd will be issued a $0.22 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 0.90%. AECOM’s dividend payout ratio is presently -977.78%.

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.