Duff & Phelps Investment Management Co. Has $8.74 Million Stock Holdings in AECOM (NYSE:ACM)

Duff & Phelps Investment Management Co. trimmed its position in shares of AECOM (NYSE:ACM) by 26.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,128 shares of the construction company’s stock after selling 35,598 shares during the quarter. Duff & Phelps Investment Management Co. owned 0.07% of AECOM worth $8,737,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ACM. EntryPoint Capital LLC bought a new position in AECOM during the first quarter worth about $25,000. Ables Iannone Moore & Associates Inc. bought a new position in shares of AECOM during the 4th quarter valued at about $28,000. Creekmur Asset Management LLC acquired a new position in shares of AECOM in the 4th quarter valued at approximately $28,000. Rise Advisors LLC acquired a new position in shares of AECOM in the 1st quarter valued at approximately $31,000. Finally, Family Firm Inc. bought a new stake in AECOM during the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Stock Performance

Shares of NYSE ACM opened at $103.23 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a 50 day moving average price of $95.91 and a 200 day moving average price of $92.68. The stock has a market capitalization of $14.05 billion, a PE ratio of -1,147.00, a price-to-earnings-growth ratio of 1.70 and a beta of 1.17. AECOM has a 52 week low of $74.40 and a 52 week high of $104.63.

AECOM (NYSE:ACM) last released its quarterly earnings data on Monday, August 5th. The construction company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.12 by $0.04. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $1.85 billion. AECOM had a return on equity of 24.14% and a net margin of 1.61%. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.94 EPS. Analysts predict that AECOM will post 4.46 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Wednesday, October 2nd will be issued a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.85%. AECOM’s payout ratio is -977.78%.

Analyst Ratings Changes

Several research analysts have recently weighed in on ACM shares. Royal Bank of Canada upped their price target on shares of AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. KeyCorp upped their target price on shares of AECOM from $94.00 to $99.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Citigroup dropped their price target on AECOM from $116.00 to $104.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Truist Financial reaffirmed a “buy” rating and set a $108.00 price objective (up from $107.00) on shares of AECOM in a research report on Wednesday, August 7th. Finally, Barclays increased their price objective on AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $105.00.

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.