WASHINGTON TRUST Co Cuts Stock Holdings in AECOM (NYSE:ACM)

WASHINGTON TRUST Co trimmed its holdings in shares of AECOM (NYSE:ACM) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,276 shares of the construction company’s stock after selling 516 shares during the period. WASHINGTON TRUST Co’s holdings in AECOM were worth $1,689,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ACM. BlackRock Inc. lifted its holdings in AECOM by 8.3% in the second quarter. BlackRock Inc. now owns 17,199,288 shares of the construction company’s stock worth $1,456,608,000 after buying an additional 1,317,576 shares during the period. State Street Corp boosted its stake in shares of AECOM by 5.9% during the 2nd quarter. State Street Corp now owns 4,833,820 shares of the construction company’s stock worth $409,376,000 after acquiring an additional 269,202 shares during the last quarter. Invesco Ltd. boosted its stake in shares of AECOM by 39.2% during the 1st quarter. Invesco Ltd. now owns 3,456,275 shares of the construction company’s stock worth $265,478,000 after acquiring an additional 972,449 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its stake in shares of AECOM by 106,750.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 3,422,418 shares of the construction company’s stock valued at $290,666,000 after buying an additional 3,419,215 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of AECOM by 106.4% during the 1st quarter. JPMorgan Chase & Co. now owns 3,315,066 shares of the construction company’s stock valued at $279,525,000 after buying an additional 1,709,275 shares in the last quarter. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

AECOM Stock Up 0.9 %

NYSE:ACM traded up $0.91 during mid-day trading on Thursday, reaching $98.22. The stock had a trading volume of 358,085 shares, compared to its average volume of 774,156. The stock has a market cap of $13.36 billion, a P/E ratio of 216.14, a PEG ratio of 1.44 and a beta of 1.23. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.05 and a quick ratio of 1.05. The business’s 50 day moving average is $90.47 and its 200 day moving average is $87.16. AECOM has a fifty-two week low of $74.40 and a fifty-two week high of $98.72.

AECOM (NYSE:ACM) last announced its earnings results on Tuesday, February 6th. The construction company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.13. AECOM had a return on equity of 21.45% and a net margin of 0.42%. The firm had revenue of $3.90 billion during the quarter. During the same period in the previous year, the company earned $0.86 EPS. As a group, sell-side analysts predict that AECOM will post 4.45 earnings per share for the current year.

AECOM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Wednesday, April 24th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Tuesday, April 23rd. AECOM’s dividend payout ratio is 195.56%.

Analysts Set New Price Targets

A number of brokerages have issued reports on ACM. Barclays lifted their price target on shares of AECOM from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Truist Financial started coverage on shares of AECOM in a report on Thursday, March 14th. They set a “buy” rating and a $106.00 price target on the stock. Robert W. Baird upped their price target on shares of AECOM from $100.00 to $103.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. TheStreet upgraded shares of AECOM from a “c+” rating to a “b” rating in a research note on Monday, February 5th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $109.00 price objective on shares of AECOM in a research note on Wednesday, February 7th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $102.00.

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.