Mariner LLC raised its holdings in shares of AECOM (NYSE:ACM – Free Report) by 3.4% in the third quarter, Holdings Channel.com reports. The firm owned 1,191,021 shares of the construction company’s stock after purchasing an additional 38,699 shares during the period. Mariner LLC’s holdings in AECOM were worth $155,386,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the business. Westend Capital Management LLC purchased a new stake in shares of AECOM in the 3rd quarter worth approximately $26,000. Atlantic Union Bankshares Corp bought a new position in AECOM during the 3rd quarter valued at approximately $26,000. Ameriflex Group Inc. raised its stake in AECOM by 100.0% during the third quarter. Ameriflex Group Inc. now owns 294 shares of the construction company’s stock valued at $38,000 after buying an additional 147 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in AECOM by 189.3% during the second quarter. EverSource Wealth Advisors LLC now owns 298 shares of the construction company’s stock valued at $34,000 after buying an additional 195 shares during the last quarter. Finally, Optiver Holding B.V. boosted its holdings in AECOM by 219.8% in the third quarter. Optiver Holding B.V. now owns 307 shares of the construction company’s stock worth $40,000 after acquiring an additional 211 shares in the last quarter. 85.41% of the stock is currently owned by hedge funds and other institutional investors.
AECOM Stock Performance
Shares of ACM opened at $88.71 on Tuesday. The company has a market cap of $11.47 billion, a price-to-earnings ratio of 25.20, a P/E/G ratio of 1.12 and a beta of 1.06. The business’s fifty day simple moving average is $96.09 and its two-hundred day simple moving average is $111.02. AECOM has a 12 month low of $85.00 and a 12 month high of $135.52. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.08.
AECOM Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Shareholders of record on Wednesday, April 1st will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $1.24 dividend on an annualized basis and a yield of 1.4%. AECOM’s payout ratio is 35.23%.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on ACM. Weiss Ratings downgraded AECOM from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, January 29th. Bank of America upped their price target on shares of AECOM from $117.00 to $118.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Argus cut their price objective on shares of AECOM from $155.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. Truist Financial restated a “buy” rating and set a $132.00 price objective (up from $126.00) on shares of AECOM in a research note on Wednesday, February 11th. Finally, Royal Bank Of Canada lifted their target price on shares of AECOM from $139.00 to $142.00 and gave the stock an “outperform” rating in a report on Wednesday, February 11th. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $130.09.
Read Our Latest Stock Report on AECOM
AECOM Company Profile
AECOM is a multinational infrastructure consulting firm that provides a broad range of professional technical and management services. Its core offerings include architecture and engineering design, program and construction management, environmental remediation and consulting, and operations and maintenance support. The company works across the full project lifecycle from planning and design through construction and long‑term asset management.
AECOM serves public- and private-sector clients in major built-environment markets, including transportation (roads, bridges, rail, airports), water and wastewater systems, buildings and places, energy and power, and environmental services.
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