AECOM (NYSE:ACM) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC trimmed its position in AECOM (NYSE:ACM) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,357 shares of the construction company’s stock after selling 155 shares during the period. New York Life Investment Management LLC’s holdings in AECOM were worth $1,419,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC purchased a new position in shares of AECOM during the fourth quarter worth $35,000. Manchester Capital Management LLC purchased a new stake in shares of AECOM during the third quarter worth about $38,000. Headlands Technologies LLC purchased a new stake in shares of AECOM during the fourth quarter worth about $40,000. Friedenthal Financial purchased a new stake in shares of AECOM during the fourth quarter worth about $44,000. Finally, Tobam purchased a new stake in shares of AECOM during the fourth quarter worth about $58,000. 85.41% of the stock is currently owned by institutional investors and hedge funds.

AECOM Stock Performance

NYSE:ACM opened at $93.18 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.05 and a current ratio of 1.05. 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 $12.67 billion, a P/E ratio of 207.07, a PEG ratio of 1.41 and a beta of 1.23. The company has a 50 day moving average price of $93.90 and a 200 day moving average price of $89.77.

AECOM (NYSE:ACM) last issued its quarterly earnings results on Monday, May 6th. The construction company reported $1.04 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.01). AECOM had a net margin of 0.42% and a return on equity of 21.45%. The business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the prior year, the business earned $0.92 EPS. The business’s quarterly revenue was up 13.0% on a year-over-year basis. Equities research analysts forecast that AECOM will post 4.43 EPS for the current 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 given a $0.22 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $0.88 annualized dividend and a yield of 0.94%. AECOM’s dividend payout ratio is presently 195.56%.

Wall Street Analyst Weigh In

ACM has been the subject of a number of research reports. Robert W. Baird boosted their target price on shares of AECOM from $104.00 to $110.00 and gave the stock an “outperform” rating in a research note on Tuesday. Royal Bank of Canada restated an “outperform” rating and set a $109.00 price target on shares of AECOM in a research report on Wednesday, February 7th. Barclays boosted their price target on shares of AECOM from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. TheStreet upgraded shares of AECOM from a “c+” rating to a “b” rating in a research report on Monday, February 5th. Finally, Truist Financial assumed coverage on shares of AECOM in a research note on Thursday, March 14th. They issued a “buy” rating and a $106.00 price target for the company. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, AECOM presently has an average rating of “Buy” and an average target price of $106.43.

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.