Bryce Point Capital LLC Purchases New Holdings in AECOM (NYSE:ACM)

Bryce Point Capital LLC acquired a new position in shares of AECOM (NYSE:ACM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,269 shares of the construction company’s stock, valued at approximately $1,311,000.

A number of other hedge funds have also recently bought and sold shares of the company. Principal Securities Inc. raised its holdings in AECOM by 95.9% during the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock worth $25,000 after purchasing an additional 116 shares during the last quarter. Allworth Financial LP raised its position in shares of AECOM by 390.6% during the 4th quarter. Allworth Financial LP now owns 260 shares of the construction company’s stock valued at $29,000 after acquiring an additional 207 shares during the last quarter. National Pension Service acquired a new stake in shares of AECOM during the fourth quarter worth $32,000. Wingate Wealth Advisors Inc. acquired a new position in AECOM in the fourth quarter valued at about $51,000. Finally, Jones Financial Companies Lllp increased its stake in shares of AECOM by 821.4% in the 4th quarter. Jones Financial Companies Lllp now owns 645 shares of the construction company’s stock valued at $69,000 after acquiring an additional 575 shares during the last quarter. 85.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ACM shares. Robert W. Baird lowered their target price 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. KeyCorp reduced their target price on AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Barclays lifted their price objective on AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Citigroup cut their price target on AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $120.38.

AECOM Price Performance

Shares of NYSE ACM opened at $94.14 on Wednesday. AECOM has a twelve month low of $82.23 and a twelve month high of $118.56. The company has a market cap of $12.49 billion, a PE ratio of 26.75, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22. The business’s 50 day moving average price is $99.68 and its two-hundred day moving average price is $105.13. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02.

AECOM (NYSE:ACM) last announced its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. On average, analysts predict that AECOM will post 5.1 EPS for the current year.

AECOM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.10%. AECOM’s payout ratio is presently 29.55%.

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.