AECOM $ACM Shares Acquired by Running Oak Capital LLC

Running Oak Capital LLC raised its stake in shares of AECOM (NYSE:ACM) by 5.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 141,000 shares of the construction company’s stock after purchasing an additional 7,268 shares during the period. Running Oak Capital LLC owned 0.11% of AECOM worth $8,312,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Value Holdings Management CO. LLC bought a new position in shares of AECOM during the second quarter worth about $10,788,000. BlackRock Inc. bought a new stake in AECOM in the second quarter valued at approximately $1,003,699,000. Sei Investments Co. boosted its holdings in AECOM by 71.0% in the first quarter. Sei Investments Co. now owns 70,198 shares of the construction company’s stock valued at $5,954,000 after acquiring an additional 29,152 shares during the last quarter. Caxton Associates LLP boosted its holdings in AECOM by 1,377.9% in the first quarter. Caxton Associates LLP now owns 79,230 shares of the construction company’s stock valued at $6,720,000 after acquiring an additional 73,869 shares during the last quarter. Finally, Man Group plc acquired a new stake in AECOM during the 2nd quarter valued at approximately $2,262,000. 85.41% of the stock is owned by institutional investors and hedge funds.

AECOM Stock Up 5.3%

Shares of AECOM stock opened at $70.27 on Tuesday. AECOM has a one year low of $56.39 and a one year high of $135.52. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.06 and a quick ratio of 1.06. The stock’s 50-day moving average is $62.29 and its 200 day moving average is $75.37. The firm has a market cap of $9.04 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 1.27 and a beta of 0.90.

AECOM (NYSE:ACM) last issued its earnings results on Monday, August 10th. The construction company reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($1.96). AECOM had a return on equity of 19.72% and a net margin of 1.87%. The business had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the firm posted $1.34 earnings per share. The company’s revenue for the quarter was down 14.2% compared to the same quarter last year. Equities research analysts anticipate that AECOM will post 3.98 EPS for the current year.

AECOM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, October 14th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Wednesday, October 14th. This represents a $1.24 annualized dividend and a dividend yield of 1.8%. AECOM’s dividend payout ratio (DPR) is 56.88%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. UBS Group lowered their price target on shares of AECOM from $106.00 to $103.00 and set a “buy” rating for the company in a report on Thursday, October 8th. Argus reduced their price objective on shares of AECOM from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, August 25th. Citigroup decreased their price objective on shares of AECOM from $84.00 to $79.00 and set a “buy” rating for the company in a research report on Friday, October 23rd. Truist Financial lowered their target price on shares of AECOM from $85.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, October 5th. Finally, Barclays lowered their target price on shares of AECOM from $90.00 to $73.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 12th. Eight research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.73.

AECOM Company Profile

AECOM is an infrastructure consulting firm that provides planning, design, engineering, architecture, program management, and environmental services. It works with public- and private-sector clients on projects involving transportation, water, buildings, energy, and other infrastructure.

The company supports projects across their life cycles, from early planning and design through construction management and operations. Its services include environmental assessment and remediation, engineering and technical consulting, and management of large-scale infrastructure programs.

Founded in 1990, AECOM serves clients around the world.