AECOM (NYSE:ACM) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its position in AECOM (NYSE:ACM) by 5.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,478 shares of the construction company’s stock after selling 5,471 shares during the quarter. Amalgamated Bank’s holdings in AECOM were worth $8,270,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ACM. Oak Thistle LLC acquired a new stake in AECOM in the 4th quarter valued at about $1,789,000. Raymond James & Associates lifted its stake in AECOM by 5.4% during the fourth 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 during the last quarter. iA Global Asset Management Inc. boosted its holdings in AECOM by 33.3% during the third quarter. iA Global Asset Management Inc. now owns 180,575 shares of the construction company’s stock worth $14,995,000 after buying an additional 45,098 shares in the last quarter. Comerica Bank acquired a new position in AECOM in the third quarter worth approximately $5,454,000. Finally, Pallas Capital Advisors LLC bought a new position in shares of AECOM in the fourth quarter valued at $340,000. Institutional investors own 85.41% of the company’s stock.

AECOM Price Performance

NYSE ACM opened at $94.72 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $12.88 billion, a price-to-earnings ratio of 210.49, a price-to-earnings-growth ratio of 1.41 and a beta of 1.23. The company has a 50 day simple moving average of $93.69 and a 200-day simple moving average of $89.47. AECOM has a 52-week low of $74.40 and a 52-week high of $98.72.

AECOM (NYSE:ACM) last released its earnings results on Tuesday, February 6th. The construction company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.13. AECOM had a net margin of 0.42% and a return on equity of 21.45%. The company had revenue of $3.90 billion during the quarter. During the same quarter in the previous year, the company earned $0.86 EPS. Equities research analysts predict that AECOM will post 4.43 earnings per share for the current fiscal year.

AECOM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Wednesday, April 24th will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $0.88 dividend on an annualized basis and a yield of 0.93%. AECOM’s payout ratio is 195.56%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ACM. Barclays raised their price objective on AECOM from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. Robert W. Baird increased their price target on AECOM from $100.00 to $103.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th. KeyCorp lifted their price target on AECOM from $104.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Truist Financial assumed coverage on shares of AECOM in a research note on Thursday, March 14th. They set a “buy” rating and a $106.00 price objective for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $109.00 target price on shares of AECOM in a research report on Wednesday, February 7th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, AECOM presently has an average rating of “Buy” and a consensus price target of $105.43.

AECOM Company 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.