Inspire Investing LLC purchased a new position in shares of AECOM (NYSE:ACM – Get Rating ) during the first quarter, HoldingsChannel.com reports. The firm purchased 3,043 shares of the construction company’s stock, valued at approximately $234,000.
Several other large investors have also recently added to or reduced their stakes in ACM. Pictet Asset Management SA boosted its holdings in shares of AECOM by 135.7% during the fourth quarter. Pictet Asset Management SA now owns 3,780,644 shares of the construction company’s stock valued at $292,433,000 after purchasing an additional 2,176,952 shares during the last quarter. DE Shaw & Co. Inc. boosted its holdings in shares of AECOM by 69.7% during the fourth quarter. DE Shaw & Co Inc. now owns 519,186 shares of the construction company’s stock valued at $40,159,000 after purchasing an additional 213,172 shares during the last quarter. AGF Investments Inc. increased its holdings in shares of AECOM by 18.0% during the fourth quarter. AGF Investments Inc. now owns 1,344,808 shares of the construction company’s stock worth $104,021,000 after buying an additional 205,000 shares during the last quarter. Desjardins Global Asset Management Inc. purchased a new stake in shares of AECOM during the fourth quarter valued at approximately $15,554,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of AECOM by 20.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 885,056 shares of the construction company’s stock valued at $68,459,000 after purchasing an additional 147,505 shares during the last quarter. Institutional investors own 86.15% of the company’s shares.
Shares of AECOM stock opened at $65.11 on Friday. The stock has a market capitalization of $9.20 billion, a price-to-earnings ratio of 44.60, a PEG ratio of 0.97 and a beta of 1.41. AECOM has a 52-week low of $58.36 and a 52-week high of $79.97. The stock’s 50 day moving average price is $67.22 and its two hundred day moving average price is $71.66. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.08, and a current ratio of 1.08.
AECOM (NYSE: ACM – Get Rating ) last issued its quarterly earnings results on Monday, May 9th. The construction company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.05. AECOM had a return on equity of 17.35% and a net margin of 1.59%. The firm had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.39 billion. During the same period last year, the business earned $0.67 EPS. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, equities research analysts anticipate that AECOM will post 3.43 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 22nd. Shareholders of record on Wednesday, July 6th will be given a dividend of $0.15 per share. This represents a dividend of $0.60 on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Tuesday, July 5th. AECOM’s payout ratio is 41.10%.
ACM has been the subject of several analyst reports. Royal Bank of Canada initiated coverage on AECOM in a report on Wednesday, April 27th. They issued an “outperform” rating and a $91.00 target price on the stock. Robert W. Baird decreased their target price on AECOM from $88.00 to $81.00 in a report on Tuesday, May 10th. Finally, StockNews.com cut AECOM from a “buy” rating to a “hold” rating in a report on Monday, May 16th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.50, according to MarketBeat.com.
AECOM Company Profile (Get rating)
AECOM, together with its subsidiaries, provides professional infrastructure consulting services to governments, businesses and organizations in the Americas, Europe, the Middle East, Africa and Asia Pacific. It operates in three segments: Americas, International and AECOM Capital. The company provides planning, consulting, architectural and engineering design, construction and program management, as well as investment and development services to commercial and government clients.
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