Townsquare Capital LLC Lowers Stock Holdings in AECOM (NYSE:ACM)

Townsquare Capital LLC cut its stake in shares of AECOM (NYSE:ACM) by 6.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,525 shares of the construction company’s stock after selling 173 shares during the period. Townsquare Capital LLC’s holdings in AECOM were worth $270,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its stake in shares of AECOM by 1.5% during the third quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company’s stock worth $655,000 after purchasing an additional 91 shares during the last quarter. Ranch Capital Advisors Inc. increased its stake in shares of AECOM by 2.3% during the fourth quarter. Ranch Capital Advisors Inc. now owns 4,482 shares of the construction company’s stock worth $479,000 after acquiring an additional 99 shares during the period. Brown Brothers Harriman & Co. raised its holdings in AECOM by 17.5% during the fourth quarter. Brown Brothers Harriman & Co. now owns 691 shares of the construction company’s stock worth $74,000 after purchasing an additional 103 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in AECOM by 1.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company’s stock valued at $809,000 after purchasing an additional 109 shares during the period. Finally, Avitas Wealth Management LLC increased its position in AECOM by 0.6% during the 4th quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company’s stock worth $2,023,000 after purchasing an additional 110 shares during the period. 85.41% of the stock is owned by institutional investors and hedge funds.

AECOM Price Performance

AECOM stock opened at $94.03 on Wednesday. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56. The firm’s 50-day moving average is $95.02 and its two-hundred day moving average is $104.02. The stock has a market capitalization of $12.47 billion, a P/E ratio of 26.71, a P/E/G ratio of 1.63 and a beta of 1.03. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14.

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

AECOM Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd were issued a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.11%. AECOM’s dividend payout ratio (DPR) is presently 29.55%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ACM shares. Citigroup dropped their price objective on AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Barclays upped their target price on shares of AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Truist Financial decreased their price target on AECOM from $129.00 to $121.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. KeyCorp dropped their price target on AECOM from $121.00 to $109.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Finally, Robert W. Baird decreased their price objective 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. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $117.88.

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.