Twin Tree Management LP Invests $2.48 Million in AECOM (NYSE:ACM)

Twin Tree Management LP purchased a new position in shares of AECOM (NYSE:ACM) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 23,178 shares of the construction company’s stock, valued at approximately $2,476,000.

Several other large investors also recently modified their holdings of ACM. GSA Capital Partners LLP purchased a new position in AECOM in the 3rd quarter valued at approximately $237,000. KBC Group NV grew its stake in AECOM by 8.6% in the 3rd quarter. KBC Group NV now owns 15,475 shares of the construction company’s stock valued at $1,599,000 after buying an additional 1,221 shares in the last quarter. CIBC Asset Management Inc grew its stake in AECOM by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 3,949 shares of the construction company’s stock valued at $408,000 after buying an additional 132 shares in the last quarter. Empowered Funds LLC grew its stake in AECOM by 4.0% in the 3rd quarter. Empowered Funds LLC now owns 9,389 shares of the construction company’s stock valued at $970,000 after buying an additional 357 shares in the last quarter. Finally, Natixis Advisors LLC grew its stake in AECOM by 9.7% in the 3rd quarter. Natixis Advisors LLC now owns 37,122 shares of the construction company’s stock valued at $3,833,000 after buying an additional 3,281 shares in the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.

AECOM Stock Performance

NYSE ACM opened at $95.34 on Wednesday. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $12.65 billion, a P/E ratio of 27.09, a P/E/G ratio of 1.63 and a beta of 1.22. The company has a fifty day moving average of $102.48 and a 200-day moving average of $105.26.

AECOM (NYSE:ACM) last posted its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts predict that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Wednesday, April 2nd. AECOM’s dividend payout ratio is currently 29.55%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ACM shares. Robert W. Baird reduced their price objective on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a research note on Tuesday, February 4th. The Goldman Sachs Group started coverage on shares of AECOM in a research note on Friday, November 22nd. They issued a “buy” rating and a $130.00 price objective for the company. Citigroup reduced their price objective on shares of AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. KeyCorp cut their price target on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Finally, Truist Financial raised their price target on shares of AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM currently has an average rating of “Buy” and an average price target of $120.38.

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.