AECOM (NYSE:ACM) Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. cut its position in AECOM (NYSE:ACM) by 95.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,350 shares of the construction company’s stock after selling 78,392 shares during the period. John G Ullman & Associates Inc.’s holdings in AECOM were worth $310,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. BlackRock Inc. increased its holdings in shares of AECOM by 17.7% in the first quarter. BlackRock Inc. now owns 15,881,712 shares of the construction company’s stock valued at $1,339,146,000 after purchasing an additional 2,384,361 shares during the period. State Street Corp boosted its stake in shares of AECOM by 5.9% in the second quarter. State Street Corp now owns 4,833,820 shares of the construction company’s stock worth $409,376,000 after buying an additional 269,202 shares during the last quarter. Invesco Ltd. boosted its stake in shares of AECOM by 39.2% in the first quarter. Invesco Ltd. now owns 3,456,275 shares of the construction company’s stock worth $265,478,000 after buying an additional 972,449 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its stake in shares of AECOM by 106,750.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 3,422,418 shares of the construction company’s stock worth $290,666,000 after buying an additional 3,419,215 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of AECOM by 106.4% in the first quarter. JPMorgan Chase & Co. now owns 3,315,066 shares of the construction company’s stock worth $279,525,000 after buying an additional 1,709,275 shares during the last quarter. 85.41% of the stock is owned by institutional investors and hedge funds.

AECOM Stock Performance

NYSE ACM opened at $93.38 on Friday. The company has a market cap of $12.70 billion, a PE ratio of 207.52, a price-to-earnings-growth ratio of 1.38 and a beta of 1.24. The stock’s 50 day simple moving average is $92.81 and its 200-day simple moving average is $88.61. AECOM has a 1-year low of $74.40 and a 1-year high of $98.72. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.05 and a quick ratio of 1.05.

AECOM (NYSE:ACM) last released its earnings results on Tuesday, February 6th. The construction company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.13. AECOM had a return on equity of 21.45% and a net margin of 0.42%. The business had revenue of $3.90 billion for the quarter. During the same quarter last year, the business earned $0.86 EPS. As a group, equities research analysts anticipate that AECOM will post 4.45 EPS for the current fiscal year.

AECOM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Wednesday, April 24th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $0.88 dividend on an annualized basis and a yield of 0.94%. AECOM’s payout ratio is 195.56%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ACM. Barclays upped their target price on AECOM from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. Truist Financial assumed coverage on AECOM in a research note on Thursday, March 14th. They issued a “buy” rating and a $106.00 target price on the stock. TheStreet upgraded AECOM from a “c+” rating to a “b” rating in a research report on Monday, February 5th. KeyCorp increased their price target on AECOM from $104.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $109.00 price target on shares of AECOM in a research report on Wednesday, February 7th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $102.14.

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.