UMB Bank n.a. Buys 897 Shares of AECOM (NYSE:ACM)

UMB Bank n.a. grew its position in shares of AECOM (NYSE:ACM) by 126.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,605 shares of the construction company’s stock after acquiring an additional 897 shares during the quarter. UMB Bank n.a.’s holdings in AECOM were worth $149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of ACM. Principal Securities Inc. grew its stake in shares of AECOM by 95.9% during the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock valued at $25,000 after purchasing an additional 116 shares during the period. Allworth Financial LP boosted its holdings in shares of AECOM by 390.6% in the fourth quarter. Allworth Financial LP now owns 260 shares of the construction company’s stock worth $29,000 after buying an additional 207 shares during the last quarter. National Pension Service purchased a new stake in AECOM during the fourth quarter valued at approximately $32,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in AECOM during the fourth quarter valued at approximately $35,000. Finally, Proficio Capital Partners LLC bought a new position in AECOM in the fourth quarter worth approximately $55,000. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

AECOM Stock Performance

NYSE:ACM opened at $112.15 on Thursday. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56. The stock has a 50-day moving average price of $102.11 and a 200 day moving average price of $103.48. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $14.84 billion, a P/E ratio of 31.86, a P/E/G ratio of 1.63 and a beta of 0.97.

AECOM (NYSE:ACM) last issued its earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.10. The firm had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $4.18 billion. AECOM had a return on equity of 26.84% and a net margin of 2.93%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.04 earnings per share. Equities research analysts forecast that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Wednesday, July 2nd will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.04 annualized dividend and a dividend yield of 0.93%. AECOM’s dividend payout ratio (DPR) is 22.66%.

Analysts Set New Price Targets

ACM has been the subject of a number of recent research reports. Robert W. Baird boosted their price objective on shares of AECOM from $108.00 to $118.00 and gave the company an “outperform” rating in a research report on Tuesday, May 6th. Truist Financial reduced their price target on AECOM from $129.00 to $121.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Citigroup lifted their price objective on AECOM from $116.00 to $122.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. KeyCorp reduced their target price on shares of AECOM from $121.00 to $109.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Finally, Royal Bank of Canada lifted their price target on shares of AECOM from $123.00 to $126.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $120.86.

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.