Machina Capital S.A.S. Takes $524,000 Position in AECOM (NYSE:ACM)

Machina Capital S.A.S. bought a new position in AECOM (NYSE:ACM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,672 shares of the construction company’s stock, valued at approximately $524,000.

Several other large investors also recently modified their holdings of ACM. GAMMA Investing LLC bought a new stake in AECOM during the 4th quarter valued at approximately $35,000. Manchester Capital Management LLC purchased a new stake in AECOM in the third quarter worth $38,000. Headlands Technologies LLC bought a new position in AECOM in the fourth quarter worth $40,000. Friedenthal Financial purchased a new position in AECOM during the fourth quarter valued at $44,000. Finally, Tobam bought a new stake in shares of AECOM during the 4th quarter valued at $58,000. 85.41% of the stock is owned by institutional investors.

AECOM Price Performance

Shares of ACM traded up $1.52 during midday trading on Monday, hitting $96.24. 981,521 shares of the company traded hands, compared to its average volume of 725,031. AECOM has a 52 week low of $74.40 and a 52 week high of $98.72. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a 50 day moving average of $93.82 and a 200-day moving average of $89.67. The stock has a market cap of $13.09 billion, a price-to-earnings ratio of 213.87, a PEG ratio of 1.41 and a beta of 1.23.

AECOM (NYSE:ACM) last announced its quarterly earnings results on Monday, May 6th. The construction company reported $1.04 EPS for the quarter, meeting analysts’ consensus estimates of $1.04. AECOM had a return on equity of 21.45% and a net margin of 0.42%. The company had revenue of $3.94 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the company earned $0.92 earnings per share. The firm’s revenue was up 13.0% on a year-over-year basis. On average, analysts forecast that AECOM will post 4.43 EPS for the current fiscal year.

AECOM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Wednesday, April 24th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Tuesday, April 23rd. AECOM’s dividend payout ratio is presently 195.56%.

Analyst Ratings Changes

A number of equities analysts have weighed in on ACM shares. Barclays raised their target price on shares of AECOM from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Robert W. Baird lifted their target price on shares of AECOM from $100.00 to $103.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $109.00 price target on shares of AECOM in a research report on Wednesday, February 7th. Truist Financial initiated coverage on AECOM in a research report on Thursday, March 14th. They issued a “buy” rating and a $106.00 price target for the company. Finally, KeyCorp raised their price target on AECOM from $104.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $105.43.

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.