AECOM (ACM) To Go Ex-Dividend on October 4th

Posted by on Oct 2nd, 2023

AECOM (NYSE:ACM – Get Free Report) announced a quarterly dividend on Wednesday, September 13th, RTT News reports. Stockholders of record on Thursday, October 5th will be given a dividend of 0.18 per share by the construction company on Friday, October 20th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Wednesday, October 4th.

AECOM has a payout ratio of 16.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect AECOM to earn $4.32 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 16.7%.

AECOM Price Performance

Shares of NYSE ACM opened at $83.04 on Monday. The firm has a market cap of $11.52 billion, a P/E ratio of 86.50, a PEG ratio of 2.03 and a beta of 1.30. The company has a 50 day moving average of $86.03 and a 200 day moving average of $83.99. AECOM has a twelve month low of $67.90 and a twelve month high of $92.16. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.82.

AECOM (NYSE:ACM – Get Free Report) last released its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $1.67 billion. AECOM had a return on equity of 19.02% and a net margin of 0.97%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the company earned $0.83 EPS. As a group, research analysts expect that AECOM will post 3.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ACM. Credit Suisse Group lowered their target price on shares of AECOM from $101.00 to $99.00 and set an “outperform” rating for the company in a report on Wednesday, August 9th. StockNews.com lowered shares of AECOM from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $99.14.

Get Our Latest Analysis on ACM

Insiders Place Their Bets

In other news, CEO Troy Rudd sold 78,097 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $88.33, for a total transaction of $6,898,308.01. Following the transaction, the chief executive officer now owns 185,942 shares in the company, valued at approximately $16,424,256.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On AECOM

Hedge funds have recently modified their holdings of the business. Moneta Group Investment Advisors LLC increased its holdings in AECOM by 106,750.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 3,422,418 shares of the construction company’s stock valued at $290,666,000 after purchasing an additional 3,419,215 shares during the last quarter. Norges Bank acquired a new stake in shares of AECOM in the fourth quarter valued at $214,427,000. BlackRock Inc. raised its stake in shares of AECOM by 17.7% in the first quarter. BlackRock Inc. now owns 15,881,712 shares of the construction company’s stock valued at $1,339,146,000 after acquiring an additional 2,384,361 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of AECOM by 106.4% in the first quarter. JPMorgan Chase & Co. now owns 3,315,066 shares of the construction company’s stock valued at $279,525,000 after acquiring an additional 1,709,275 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in AECOM by 39.2% in the first quarter. Invesco Ltd. now owns 3,456,275 shares of the construction company’s stock worth $265,478,000 after acquiring an additional 972,449 shares during the last quarter. 84.79% of the stock is currently owned by institutional investors and hedge funds.

About AECOM

(Get 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 commercial and government clients.

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Dividend History for AECOM (NYSE:ACM)

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