Custom Index Systems LLC Buys 3,991 Shares of AECOM (NYSE:ACM)

Custom Index Systems LLC raised its position in AECOM (NYSE:ACM) by 75.8% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 9,257 shares of the construction company’s stock after buying an additional 3,991 shares during the period. Custom Index Systems LLC’s holdings in AECOM were worth $956,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Findlay Park Partners LLP lifted its stake in shares of AECOM by 22.6% during the first quarter. Findlay Park Partners LLP now owns 2,561,327 shares of the construction company’s stock valued at $251,215,000 after acquiring an additional 472,944 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its position in AECOM by 5.5% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,339,185 shares of the construction company’s stock valued at $206,176,000 after purchasing an additional 122,015 shares during the period. Impax Asset Management Group plc boosted its stake in shares of AECOM by 15.5% in the 2nd quarter. Impax Asset Management Group plc now owns 1,752,487 shares of the construction company’s stock valued at $154,464,000 after purchasing an additional 235,350 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of AECOM by 18.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,628,924 shares of the construction company’s stock valued at $143,573,000 after purchasing an additional 258,250 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of AECOM by 2.7% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 980,228 shares of the construction company’s stock worth $96,141,000 after buying an additional 26,079 shares during the period. 85.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on ACM. Robert W. Baird raised their price objective on shares of AECOM from $96.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Barclays raised their price target on AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Royal Bank of Canada lifted their price objective on AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Citigroup boosted their target price on AECOM from $110.00 to $128.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, AECOM has an average rating of “Buy” and an average target price of $112.29.

AECOM Trading Down 0.4 %

NYSE:ACM traded down $0.40 on Friday, reaching $104.49. The company’s stock had a trading volume of 346,417 shares, compared to its average volume of 785,090. AECOM has a 1-year low of $74.40 and a 1-year high of $108.26. The business’s 50-day moving average price is $101.22 and its two-hundred day moving average price is $93.98. The firm has a market cap of $14.22 billion, a PE ratio of -1,161.00, a PEG ratio of 1.58 and a beta of 1.17. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.13.

AECOM (NYSE:ACM) last issued its quarterly earnings data 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 analyst estimates of $1.85 billion. AECOM had a return on equity of 24.14% and a net margin of 1.61%. AECOM’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.94 EPS. Equities research analysts anticipate that AECOM will post 4.46 earnings per share for the current fiscal year.

AECOM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, October 2nd were given a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, October 2nd. This represents a $0.88 annualized dividend and a yield of 0.84%. AECOM’s dividend payout ratio is currently -977.78%.

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.