Wedge Capital Management L L P NC Sells 289 Shares of AECOM (NYSE:ACM)

Wedge Capital Management L L P NC lowered its position in AECOM (NYSE:ACM) by 0.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,976 shares of the construction company’s stock after selling 289 shares during the period. Wedge Capital Management L L P NC’s holdings in AECOM were worth $4,317,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in AECOM during the 4th quarter worth approximately $1,640,000. Cerity Partners LLC raised its holdings in shares of AECOM by 203.0% during the fourth quarter. Cerity Partners LLC now owns 10,780 shares of the construction company’s stock worth $997,000 after acquiring an additional 7,222 shares during the period. Bison Wealth LLC lifted its position in AECOM by 6.2% in the 4th quarter. Bison Wealth LLC now owns 4,999 shares of the construction company’s stock valued at $462,000 after acquiring an additional 292 shares in the last quarter. Mackenzie Financial Corp acquired a new position in AECOM in the 4th quarter worth $965,000. Finally, Xponance Inc. increased its holdings in AECOM by 6.2% during the 4th quarter. Xponance Inc. now owns 17,844 shares of the construction company’s stock worth $1,649,000 after purchasing an additional 1,038 shares in the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.

Wall Street Analyst Weigh In

ACM has been the topic of a number of research reports. Royal Bank of Canada boosted their price target on AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. UBS Group boosted their target price on AECOM from $105.00 to $106.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Citigroup decreased their price target on shares of AECOM from $116.00 to $104.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Truist Financial reissued a “buy” rating and issued a $108.00 price objective (up previously from $107.00) on shares of AECOM in a research report on Wednesday, August 7th. Finally, KeyCorp raised their target price on shares of AECOM from $94.00 to $99.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $105.00.

AECOM Stock Performance

NYSE ACM traded up $0.99 on Thursday, hitting $96.43. 624,354 shares of the stock were exchanged, compared to its average volume of 806,019. The business’s fifty day moving average is $88.78 and its 200 day moving average is $90.67. AECOM has a 52 week low of $74.40 and a 52 week high of $98.72. The company has a market capitalization of $13.13 billion, a PE ratio of -1,060.33, a P/E/G ratio of 1.47 and a beta of 1.17. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.06 and a quick ratio of 1.06.

AECOM (NYSE:ACM) last issued its earnings results on Monday, August 5th. The construction company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.04. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $1.85 billion. AECOM had a negative net margin of 0.09% and a positive return on equity of 22.73%. AECOM’s revenue was up 13.3% on a year-over-year basis. During the same period last year, the business posted $0.94 EPS. Research analysts anticipate that AECOM will post 4.42 EPS for the current fiscal year.

AECOM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Wednesday, July 3rd were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Wednesday, July 3rd. AECOM’s dividend payout ratio (DPR) is presently -977.78%.

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.