AECOM $ACM Stock Bought by Running Oak Capital LLC

Running Oak Capital LLC increased its position in AECOM (NYSE:ACM) by 5.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,000 shares of the construction company’s stock after buying an additional 7,268 shares during the period. Running Oak Capital LLC’s holdings in AECOM were worth $8,312,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ACM. BlackRock Inc. bought a new stake in AECOM in the 2nd quarter valued at about $1,003,699,000. Primecap Management Co. CA bought a new position in AECOM in the second quarter worth approximately $613,336,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in AECOM in the second quarter worth approximately $383,701,000. The Manufacturers Life Insurance Company acquired a new stake in AECOM in the second quarter valued at approximately $94,429,000. Finally, Bank of New York Mellon Corp acquired a new stake in AECOM in the second quarter valued at approximately $79,519,000. 85.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Barclays decreased their price objective on AECOM from $90.00 to $73.00 and set an “equal weight” rating for the company in a report on Wednesday, August 12th. The Goldman Sachs Group set a $91.00 target price on AECOM in a report on Wednesday, August 12th. Piper Sandler set a $79.00 price target on shares of AECOM in a research report on Wednesday, August 12th. Argus reduced their price target on shares of AECOM from $85.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, August 25th. Finally, UBS Group decreased their price target on shares of AECOM from $106.00 to $103.00 and set a “buy” rating for the company in a research note on Thursday, October 8th. Eight investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, AECOM has a consensus rating of “Moderate Buy” and a consensus target price of $80.73.

AECOM Trading Up 5.3%

ACM opened at $70.27 on Tuesday. AECOM has a fifty-two week low of $56.39 and a fifty-two week high of $135.52. The firm has a market capitalization of $9.04 billion, a PE ratio of 18.24, a P/E/G ratio of 1.27 and a beta of 0.90. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.06 and a quick ratio of 1.06. The company’s 50-day moving average is $62.29 and its 200 day moving average is $75.37.

AECOM (NYSE:ACM) last released its quarterly earnings results on Monday, August 10th. The construction company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($1.96). The company had revenue of $3.59 billion for the quarter, compared to analyst estimates of $2.01 billion. AECOM had a net margin of 1.87% and a return on equity of 19.72%. AECOM’s revenue for the quarter was down 14.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.34 EPS. As a group, research analysts predict that AECOM will post 3.98 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, October 14th were paid a $0.31 dividend. The ex-dividend date of this dividend was Wednesday, October 14th. This represents a $1.24 annualized dividend and a dividend yield of 1.8%. AECOM’s dividend payout ratio is 56.88%.

AECOM Profile

AECOM is an infrastructure consulting firm that provides planning, design, engineering, architecture, program management, and environmental services. It works with public- and private-sector clients on projects involving transportation, water, buildings, energy, and other infrastructure.

The company supports projects across their life cycles, from early planning and design through construction management and operations. Its services include environmental assessment and remediation, engineering and technical consulting, and management of large-scale infrastructure programs.

Founded in 1990, AECOM serves clients around the world.