Plato Investment Management Ltd Purchases New Stake in AECOM (NYSE:ACM)

Plato Investment Management Ltd purchased a new position in AECOM (NYSE:ACM) during the first quarter, Holdings Channel reports. The institutional investor purchased 7,552 shares of the construction company’s stock, valued at approximately $741,000.

A number of other large investors also recently modified their holdings of the company. Tidal Investments LLC grew its stake in shares of AECOM by 29.1% in the first quarter. Tidal Investments LLC now owns 6,846 shares of the construction company’s stock worth $671,000 after purchasing an additional 1,544 shares during the last quarter. California State Teachers Retirement System raised its position in shares of AECOM by 5.7% during the 1st quarter. California State Teachers Retirement System now owns 239,283 shares of the construction company’s stock valued at $23,469,000 after buying an additional 12,944 shares in the last quarter. Interval Partners LP purchased a new position in shares of AECOM during the first quarter valued at approximately $13,487,000. Jacobs Levy Equity Management Inc. increased its position in shares of AECOM by 2.7% during the first quarter. Jacobs Levy Equity Management Inc. now owns 980,228 shares of the construction company’s stock worth $96,141,000 after acquiring an additional 26,079 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in AECOM by 7.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 87,301 shares of the construction company’s stock worth $8,564,000 after buying an additional 6,003 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors.

AECOM Price Performance

Shares of ACM traded down $2.33 during mid-day trading on Friday, reaching $88.14. The company had a trading volume of 656,291 shares, compared to its average volume of 768,773. The company’s 50 day simple moving average is $87.65 and its 200 day simple moving average is $90.39. The company has a market capitalization of $12.00 billion, a price-to-earnings ratio of -975.89, a P/E/G ratio of 1.47 and a beta of 1.17. AECOM has a 1-year low of $74.40 and a 1-year high of $98.72. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.06 and a current ratio of 1.06.

AECOM (NYSE:ACM) last released its quarterly earnings data on Monday, May 6th. The construction company reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.01). The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $1.80 billion. AECOM had a positive return on equity of 22.73% and a negative net margin of 0.09%. The business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.92 EPS. Analysts expect that AECOM will post 4.42 EPS for the current year.

AECOM Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Wednesday, July 3rd were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.00%. The ex-dividend date was Wednesday, July 3rd. AECOM’s dividend payout ratio is presently -977.67%.

Analyst Upgrades and Downgrades

ACM has been the topic of a number of recent analyst reports. Robert W. Baird lowered their price target on shares of AECOM from $110.00 to $96.00 and set an “outperform” rating on the stock in a report on Monday, July 8th. Truist Financial reduced their target price on shares of AECOM from $113.00 to $107.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. Citigroup decreased their price objective on AECOM from $116.00 to $104.00 and set a “buy” rating for the company in a report on Monday, July 22nd. KeyCorp lowered their price objective on AECOM from $105.00 to $94.00 and set an “overweight” rating on the stock in a report on Wednesday, July 17th. Finally, UBS Group boosted their price objective on shares of AECOM from $105.00 to $106.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Nine analysts have rated the stock with a buy rating, According to MarketBeat, AECOM presently has an average rating of “Buy” and a consensus price target of $101.88.

Insider Activity

In other AECOM news, Director Douglas Stotlar sold 7,179 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $93.51, for a total value of $671,308.29. Following the completion of the transaction, the director now owns 34,667 shares of the company’s stock, valued at approximately $3,241,711.17. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.42% of the company’s stock.

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.