Twin Tree Management LP Makes New Investment in AECOM (NYSE:ACM)

by · The Cerbat Gem

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

Several other hedge funds have also added to or reduced their stakes in the business. Franklin Resources Inc. lifted its stake in AECOM by 1.5% in the third quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company’s stock worth $655,000 after purchasing an additional 91 shares during the last quarter. Ranch Capital Advisors Inc. lifted its stake in AECOM by 2.3% in the fourth quarter. Ranch Capital Advisors Inc. now owns 4,482 shares of the construction company’s stock worth $479,000 after purchasing an additional 99 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of AECOM by 1.1% in the third quarter. PNC Financial Services Group Inc. now owns 9,459 shares of the construction company’s stock valued at $977,000 after acquiring an additional 103 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of AECOM by 1.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company’s stock valued at $809,000 after acquiring an additional 109 shares during the period. Finally, Avitas Wealth Management LLC increased its position in shares of AECOM by 0.6% in the fourth quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company’s stock valued at $2,023,000 after acquiring an additional 110 shares during the period. 85.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ACM has been the topic of a number of analyst reports. The Goldman Sachs Group initiated coverage on shares of AECOM in a research report on Friday, November 22nd. They issued a “buy” rating and a $130.00 price objective on the stock. Citigroup decreased their price objective on shares of AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Truist Financial boosted their price objective on shares of AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Robert W. Baird decreased their price objective on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 4th. Finally, KeyCorp decreased their price objective on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $120.38.

Check Out Our Latest Research Report on ACM

AECOM Price Performance

Shares of NYSE ACM opened at $95.34 on Wednesday. The stock 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 debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. AECOM has a 1 year low of $82.23 and a 1 year high of $118.56. The company’s 50-day moving average is $102.48 and its 200 day moving average is $105.26.

AECOM (NYSE:ACM – Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 earnings per share 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%. On average, sell-side analysts expect that AECOM will post 5.1 earnings per share for the current year.

AECOM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Wednesday, April 2nd. AECOM’s dividend payout ratio (DPR) is presently 29.55%.

AECOM Profile

(Free Report)

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.

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