Ables Iannone Moore & Associates Inc. Acquires Shares of 300 AECOM (NYSE:ACM)

Ables Iannone Moore & Associates Inc. bought a new position in AECOM (NYSE:ACM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 300 shares of the construction company’s stock, valued at approximately $28,000.

Several other large investors also recently bought and sold shares of ACM. Norges Bank purchased a new stake in AECOM during the 4th quarter worth approximately $159,060,000. Oak Thistle LLC bought a new position in AECOM during the 4th quarter valued at $1,789,000. International Assets Investment Management LLC acquired a new position in AECOM during the 4th quarter worth $1,640,000. First Trust Advisors LP increased its position in shares of AECOM by 9.9% in the 4th quarter. First Trust Advisors LP now owns 886,451 shares of the construction company’s stock worth $81,935,000 after purchasing an additional 79,760 shares during the last quarter. Finally, Raymond James & Associates raised its stake in shares of AECOM by 5.4% in the 4th quarter. Raymond James & Associates now owns 33,923 shares of the construction company’s stock valued at $3,136,000 after purchasing an additional 1,740 shares in the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.

Insiders Place Their Bets

In other news, Director Douglas Stotlar sold 7,179 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $93.51, for a total transaction of $671,308.29. Following the completion of the transaction, the director now owns 34,667 shares in the company, valued at approximately $3,241,711.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.42% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have commented on ACM. UBS Group increased their target price on AECOM from $105.00 to $106.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Robert W. Baird raised their price target on AECOM from $104.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, May 7th. Citigroup raised their target price on AECOM from $107.00 to $116.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. KeyCorp upped their price target on shares of AECOM from $104.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Finally, Truist Financial reiterated a “buy” rating and issued a $113.00 price objective (up from $106.00) on shares of AECOM in a research report on Wednesday, May 8th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $107.25.

AECOM Stock Performance

Shares of ACM opened at $88.49 on Tuesday. The firm has a market capitalization of $12.05 billion, a PE ratio of -983.11, a P/E/G ratio of 1.22 and a beta of 1.21. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.88. The firm has a 50-day moving average price of $90.72 and a 200 day moving average price of $91.09. AECOM has a 52-week low of $74.40 and a 52-week high of $98.72.

AECOM (NYSE:ACM) last issued its quarterly earnings results on Monday, May 6th. The construction company reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01). AECOM had a positive return on equity of 22.73% and a negative net margin of 0.09%. The company had revenue of $3.94 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the company posted $0.92 earnings per share. The company’s revenue was up 13.0% on a year-over-year basis. On average, sell-side analysts anticipate that AECOM will post 4.49 earnings per share for the current fiscal year.

AECOM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Wednesday, July 3rd will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Wednesday, July 3rd. AECOM’s payout ratio is currently -977.67%.

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.