Sharpepoint LLC Makes New $2.19 Million Investment in AECOM (NYSE:ACM)

Sharpepoint LLC purchased a new stake in shares of AECOM (NYSE:ACM) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 20,486 shares of the construction company’s stock, valued at approximately $2,188,000. AECOM makes up 2.0% of Sharpepoint LLC’s investment portfolio, making the stock its 18th largest position.

Several other institutional investors have also recently made changes to their positions in the company. MetLife Investment Management LLC increased its stake in AECOM by 9.0% in the 4th quarter. MetLife Investment Management LLC now owns 75,570 shares of the construction company’s stock worth $8,072,000 after acquiring an additional 6,249 shares during the last quarter. Ossiam increased its position in shares of AECOM by 115.5% in the fourth quarter. Ossiam now owns 4,096 shares of the construction company’s stock worth $438,000 after purchasing an additional 2,195 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in AECOM by 8.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,205,920 shares of the construction company’s stock valued at $128,820,000 after purchasing an additional 94,880 shares in the last quarter. First Trust Advisors LP lifted its position in AECOM by 2.0% during the fourth quarter. First Trust Advisors LP now owns 660,907 shares of the construction company’s stock valued at $70,598,000 after purchasing an additional 13,114 shares during the last quarter. Finally, GeoWealth Management LLC grew its stake in AECOM by 36.3% in the 4th quarter. GeoWealth Management LLC now owns 1,142 shares of the construction company’s stock worth $122,000 after buying an additional 304 shares in the last quarter. Institutional investors own 85.41% of the company’s stock.

AECOM Trading Up 1.1 %

NYSE:ACM opened at $94.24 on Friday. The firm has a market capitalization of $12.50 billion, a P/E ratio of 26.77, a P/E/G ratio of 1.63 and a beta of 1.03. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. The company has a fifty day moving average of $95.41 and a 200 day moving average of $104.15.

AECOM (NYSE:ACM) last posted its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. On average, research analysts predict that AECOM will post 5.1 earnings per share for the current year.

AECOM Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Wednesday, April 2nd. AECOM’s payout ratio is 29.55%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ACM shares. Citigroup dropped their price objective on shares of AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Truist Financial cut their price objective on AECOM from $129.00 to $121.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Robert W. Baird reduced their price target on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 4th. KeyCorp lowered their price objective on shares of AECOM from $121.00 to $109.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Barclays increased their target price on shares of AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $117.88.

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.