John G Ullman & Associates Inc. Sells 78,392 Shares of AECOM (NYSE:ACM)

John G Ullman & Associates Inc. trimmed its holdings in shares of AECOM (NYSE:ACM) by 95.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,350 shares of the construction company’s stock after selling 78,392 shares during the period. John G Ullman & Associates Inc.’s holdings in AECOM were worth $310,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Point72 Hong Kong Ltd bought a new stake in shares of AECOM during the 1st quarter worth $25,000. Janiczek Wealth Management LLC purchased a new stake in AECOM in the 3rd quarter worth about $28,000. Manchester Capital Management LLC purchased a new stake in AECOM in the 3rd quarter worth about $38,000. Friedenthal Financial purchased a new stake in AECOM in the 4th quarter worth about $44,000. Finally, Tobam purchased a new stake in AECOM in the 4th quarter worth about $58,000. 85.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ACM shares. Robert W. Baird lifted their price objective on AECOM from $100.00 to $103.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th. TheStreet raised AECOM from a “c+” rating to a “b” rating in a report on Monday, February 5th. Royal Bank of Canada reissued an “outperform” rating and issued a $109.00 price objective on shares of AECOM in a report on Wednesday, February 7th. Barclays lifted their price objective on AECOM from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Finally, Truist Financial began coverage on AECOM in a report on Thursday, March 14th. They set a “buy” rating and a $106.00 target price for the company. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $102.14.

AECOM Stock Up 0.2 %

ACM stock opened at $93.38 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $12.70 billion, a PE ratio of 207.52, a PEG ratio of 1.38 and a beta of 1.24. AECOM has a twelve month low of $74.40 and a twelve month high of $98.72. The stock has a 50-day simple moving average of $92.81 and a two-hundred day simple moving average of $88.61.

AECOM (NYSE:ACM) last issued its quarterly earnings results on Tuesday, February 6th. The construction company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.13. The firm had revenue of $3.90 billion during the quarter. AECOM had a return on equity of 21.45% and a net margin of 0.42%. During the same quarter last year, the business posted $0.86 EPS. On average, equities analysts predict that AECOM will post 4.45 EPS for the current fiscal year.

AECOM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Wednesday, April 24th will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.94%. AECOM’s dividend payout ratio (DPR) is presently 195.56%.

AECOM 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.