Resona Asset Management Co. Ltd. Purchases Shares of 37,569 AECOM (NYSE:ACM)

Resona Asset Management Co. Ltd. bought a new position in AECOM (NYSE:ACM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 37,569 shares of the construction company's stock, valued at approximately $4,017,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Franklin Resources Inc. increased its holdings in shares of AECOM by 1.5% in the third quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company's stock valued at $655,000 after purchasing an additional 91 shares during the last quarter. Ranch Capital Advisors Inc. increased its stake in AECOM by 2.3% during the fourth quarter. Ranch Capital Advisors Inc. now owns 4,482 shares of the construction company's stock worth $479,000 after acquiring an additional 99 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of AECOM by 17.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 691 shares of the construction company's stock valued at $74,000 after purchasing an additional 103 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of AECOM by 1.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company's stock worth $809,000 after purchasing an additional 109 shares during the period. Finally, Avitas Wealth Management LLC boosted its stake in AECOM by 0.6% during the fourth quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company's stock worth $2,023,000 after buying an additional 110 shares during the period. 85.41% of the stock is currently owned by institutional investors and hedge funds.

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AECOM Price Performance

ACM stock traded down $0.04 on Monday, reaching $93.67. The company had a trading volume of 93,849 shares, compared to its average volume of 893,909. The company has a market cap of $12.42 billion, a P/E ratio of 26.61, a PEG ratio of 1.63 and a beta of 1.03. The company's fifty day moving average is $96.71 and its 200 day moving average is $104.47. AECOM has a 1 year low of $82.23 and a 1 year 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.

AECOM (NYSE:ACM - Get Free Report) last issued its quarterly earnings results 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 return on equity of 26.84% and a net margin of 2.93%. On average, research analysts forecast that AECOM will post 5.1 earnings per share for the current year.

AECOM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd will be issued a $0.26 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 1.11%. AECOM's payout ratio is 29.55%.

Analysts Set New Price Targets

Several research firms have weighed in on ACM. Truist Financial dropped their target price on AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Citigroup decreased their target price on AECOM from $128.00 to $127.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. KeyCorp reduced their price target on AECOM from $122.00 to $121.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. Robert W. Baird cut their target price on shares of AECOM from $125.00 to $117.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 4th. Finally, Barclays lifted their price target on AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, AECOM has an average rating of "Buy" and a consensus price target of $119.38.

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.