Banco Santander S.A. Buys 597 Shares of AECOM (NYSE:ACM)

Banco Santander S.A. grew its stake in AECOM (NYSE:ACM) by 1.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,798 shares of the construction company’s stock after acquiring an additional 597 shares during the period. Banco Santander S.A.’s holdings in AECOM were worth $3,609,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of AECOM in the 4th quarter worth approximately $28,000. Creekmur Asset Management LLC purchased a new stake in shares of AECOM in the 4th quarter worth approximately $28,000. Rise Advisors LLC purchased a new stake in shares of AECOM in the 1st quarter worth approximately $31,000. GAMMA Investing LLC purchased a new stake in shares of AECOM in the 4th quarter worth approximately $35,000. Finally, Headlands Technologies LLC purchased a new stake in shares of AECOM in the 4th quarter worth approximately $40,000. 85.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ACM. Truist Financial lowered their price target on shares of AECOM from $113.00 to $107.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. KeyCorp decreased their target price on shares of AECOM from $105.00 to $94.00 and set an “overweight” rating for the company in a research report on Wednesday. Robert W. Baird decreased their target price on shares of AECOM from $110.00 to $96.00 and set an “outperform” rating for the company in a research report on Monday, July 8th. Citigroup increased their target price on shares of AECOM from $107.00 to $116.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Finally, UBS Group increased their target price on shares of AECOM from $105.00 to $106.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $103.38.

Insider Transactions at AECOM

In other news, Director Douglas Stotlar sold 7,179 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $93.51, for a total value of $671,308.29. Following the sale, the director now owns 34,667 shares in the company, valued at $3,241,711.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.42% of the company’s stock.

AECOM Stock Performance

Shares of NYSE ACM traded down $0.42 during midday trading on Friday, reaching $89.16. The company had a trading volume of 567,458 shares, compared to its average volume of 822,965. The business’s 50-day simple moving average is $87.74 and its 200 day simple moving average is $90.37. AECOM has a 1 year low of $74.40 and a 1 year high of $98.72. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.88.

AECOM (NYSE:ACM) last posted its quarterly earnings results on Monday, May 6th. The construction company reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01). The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $1.80 billion. AECOM had a positive return on equity of 22.73% and a negative net margin of 0.09%. The company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 EPS. On average, equities research analysts expect that AECOM will post 4.47 earnings per share for the current year.

AECOM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Wednesday, July 3rd were paid a $0.22 dividend. The ex-dividend date was Wednesday, July 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.99%. AECOM’s payout ratio is currently -977.67%.

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.