Bleakley Financial Group LLC Buys Shares of 2,521 AECOM (NYSE:ACM)

Bleakley Financial Group LLC bought a new stake in AECOM (NYSE:ACM) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,521 shares of the construction company’s stock, valued at approximately $260,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Findlay Park Partners LLP raised its stake in AECOM by 22.6% in the 1st quarter. Findlay Park Partners LLP now owns 2,561,327 shares of the construction company’s stock valued at $251,215,000 after acquiring an additional 472,944 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in AECOM by 5.5% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,339,185 shares of the construction company’s stock worth $206,176,000 after purchasing an additional 122,015 shares during the period. Impax Asset Management Group plc grew its holdings in AECOM by 15.5% during the 2nd quarter. Impax Asset Management Group plc now owns 1,752,487 shares of the construction company’s stock valued at $154,464,000 after buying an additional 235,350 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in AECOM by 18.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,628,924 shares of the construction company’s stock valued at $143,573,000 after buying an additional 258,250 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of AECOM by 2.7% during the first quarter. Jacobs Levy Equity Management Inc. now owns 980,228 shares of the construction company’s stock valued at $96,141,000 after buying an additional 26,079 shares during the period. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

AECOM Stock Down 0.9 %

ACM stock opened at $105.37 on Thursday. AECOM has a fifty-two week low of $74.40 and a fifty-two week high of $108.26. The business’s 50 day moving average price is $100.89 and its two-hundred day moving average price is $93.88. 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 company has a market capitalization of $14.34 billion, a price-to-earnings ratio of -1,170.78, a price-to-earnings-growth ratio of 1.58 and a beta of 1.17.

AECOM (NYSE:ACM) last posted its earnings results on Monday, August 5th. The construction company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.04. AECOM had a return on equity of 24.14% and a net margin of 1.61%. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the prior year, the business earned $0.94 EPS. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. As a group, analysts forecast that AECOM will post 4.46 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, October 2nd were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.84%. The ex-dividend date was Wednesday, October 2nd. AECOM’s payout ratio is currently -977.78%.

Wall Street Analyst Weigh In

Several brokerages recently commented on ACM. Truist Financial boosted their price objective on shares of AECOM from $108.00 to $119.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Royal Bank of Canada boosted their price target on shares of AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Robert W. Baird increased their price target on shares of AECOM from $96.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Citigroup increased their price target on shares of AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, StockNews.com cut shares of AECOM from a “buy” rating to a “hold” rating in a research report on Saturday, October 19th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, AECOM currently has an average rating of “Moderate Buy” and a consensus price target of $112.29.

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.