AECOM (NYSE:ACM) Position Lessened by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC trimmed its position in shares of AECOM (NYSE:ACM) by 9.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 35,642 shares of the construction company’s stock after selling 3,630 shares during the quarter. Wedge Capital Management L L P NC’s holdings in AECOM were worth $3,294,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Manchester Capital Management LLC purchased a new stake in shares of AECOM during the third quarter worth $38,000. Friedenthal Financial purchased a new stake in shares of AECOM during the fourth quarter worth $44,000. Tobam purchased a new stake in shares of AECOM during the fourth quarter worth $58,000. Arlington Trust Co LLC purchased a new stake in shares of AECOM during the fourth quarter worth $62,000. Finally, Signaturefd LLC raised its holdings in AECOM by 57.5% during the third quarter. Signaturefd LLC now owns 849 shares of the construction company’s stock valued at $71,000 after buying an additional 310 shares in the last quarter. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

AECOM Trading Up 0.1 %

Shares of NYSE:ACM opened at $94.01 on Thursday. AECOM has a 52-week low of $74.40 and a 52-week high of $98.72. The company has a market cap of $12.79 billion, a P/E ratio of 208.92, a P/E/G ratio of 1.38 and a beta of 1.24. The stock’s 50-day moving average is $93.05 and its 200-day moving average is $88.93. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.05 and a current ratio of 1.05.

AECOM (NYSE:ACM) last announced its quarterly earnings results on Tuesday, February 6th. The construction company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.13. The firm had revenue of $3.90 billion during the quarter. AECOM had a net margin of 0.42% and a return on equity of 21.45%. During the same quarter in the prior year, the business earned $0.86 EPS. Equities research analysts predict that AECOM will post 4.43 earnings per share for the current year.

AECOM Dividend Announcement

The business also recently disclosed 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 0.94%. The ex-dividend date is Tuesday, April 23rd. AECOM’s dividend payout ratio (DPR) is presently 195.56%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Robert W. Baird raised their target price on AECOM from $100.00 to $103.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th. Barclays raised their target price on AECOM from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Royal Bank of Canada restated an “outperform” rating and set a $109.00 target price on shares of AECOM in a report on Wednesday, February 7th. KeyCorp raised their target price on AECOM from $104.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Finally, Citigroup raised their target price on AECOM from $107.00 to $116.00 and gave the company a “buy” rating in a report on Monday. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus 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.