Bessemer Group Inc. Increases Stock Holdings in AECOM (NYSE:ACM)

Bessemer Group Inc. boosted its stake in AECOM (NYSE:ACM) by 0.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 30,959 shares of the construction company’s stock after purchasing an additional 156 shares during the quarter. Bessemer Group Inc.’s holdings in AECOM were worth $3,307,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Principal Securities Inc. boosted 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 in the last quarter. Allworth Financial LP lifted its holdings in 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 period. National Pension Service purchased a new stake in AECOM in the fourth quarter worth about $32,000. Wingate Wealth Advisors Inc. bought a new stake in AECOM during the 4th quarter valued at approximately $51,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of AECOM during the 4th quarter worth approximately $55,000. 85.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ACM shares. Citigroup lowered their target price on AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Barclays raised their price objective on AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. KeyCorp reduced their target price on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Robert W. Baird lowered their price target on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a research report on Tuesday, February 4th. Finally, Truist Financial cut their price objective on shares of AECOM from $129.00 to $121.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $119.38.

AECOM Stock Performance

Shares of ACM stock opened at $93.66 on Friday. The company has a market capitalization of $12.42 billion, a price-to-earnings ratio of 26.61, a price-to-earnings-growth ratio of 1.63 and a beta of 1.03. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. AECOM has a one year low of $82.23 and a one year high of $118.56. The company’s 50-day moving average is $96.71 and its 200 day moving average is $104.46.

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

AECOM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Wednesday, April 2nd. AECOM’s payout ratio is 29.55%.

AECOM Company 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.