WASHINGTON TRUST Co Cuts Position in AECOM (NYSE:ACM)

WASHINGTON TRUST Co lessened its holdings in AECOM (NYSE:ACM) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,276 shares of the construction company’s stock after selling 516 shares during the period. WASHINGTON TRUST Co’s holdings in AECOM were worth $1,689,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new position in shares of AECOM during the 1st quarter worth approximately $25,000. Janiczek Wealth Management LLC acquired a new position in AECOM in the third quarter valued at approximately $28,000. Manchester Capital Management LLC acquired a new position in AECOM in the third quarter valued at approximately $38,000. Money Concepts Capital Corp acquired a new position in AECOM in the fourth quarter valued at approximately $55,000. Finally, Fred Alger Management LLC acquired a new position in AECOM during the third quarter worth $59,000. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

AECOM Price Performance

Shares of AECOM stock traded up $0.91 during trading on Thursday, hitting $98.22. 358,085 shares of the company were exchanged, compared to its average volume of 774,156. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.87. AECOM has a fifty-two week low of $74.40 and a fifty-two week high of $98.72. The stock has a market capitalization of $13.36 billion, a price-to-earnings ratio of 216.14, a P/E/G ratio of 1.44 and a beta of 1.23. The firm has a 50 day moving average price of $90.47 and a 200 day moving average price of $87.16.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Tuesday, February 6th. The construction company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.13. The firm had revenue of $3.90 billion during the quarter. AECOM had a return on equity of 21.45% and a net margin of 0.42%. During the same quarter in the prior year, the firm earned $0.86 earnings per share. On average, equities analysts expect that AECOM will post 4.45 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Wednesday, April 24th will be issued a $0.22 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $0.88 annualized dividend and a yield of 0.90%. AECOM’s dividend payout ratio (DPR) is presently 195.56%.

Analyst Ratings Changes

A number of research analysts have commented on ACM shares. Barclays upped their price target on AECOM from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. Royal Bank of Canada restated an “outperform” rating and set a $109.00 price target on shares of AECOM in a research note on Wednesday, February 7th. KeyCorp started coverage on AECOM in a research note on Wednesday, January 10th. They set an “overweight” rating and a $104.00 price target on the stock. TheStreet upgraded AECOM from a “c+” rating to a “b” rating in a research note on Monday, February 5th. Finally, Truist Financial assumed coverage on AECOM in a research note on Thursday, March 14th. They set a “buy” rating and a $106.00 price target on the stock. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $102.00.

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.