Advisors Asset Management Inc. Has $4.76 Million Stock Holdings in AECOM (NYSE:ACM)

Advisors Asset Management Inc. raised its holdings in shares of AECOM (NYSE:ACM - Free Report) by 10.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,537 shares of the construction company's stock after buying an additional 4,147 shares during the period. Advisors Asset Management Inc.'s holdings in AECOM were worth $4,757,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Twin Tree Management LP purchased a new stake in shares of AECOM during the fourth quarter valued at $2,476,000. Glenview Trust co acquired a new position in shares of AECOM in the fourth quarter worth about $778,000. Corient Private Wealth LLC increased its position in shares of AECOM by 14.1% in the fourth quarter. Corient Private Wealth LLC now owns 5,363 shares of the construction company's stock worth $573,000 after acquiring an additional 664 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of AECOM by 27.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 9,237 shares of the construction company's stock valued at $987,000 after acquiring an additional 1,974 shares during the period. Finally, Globeflex Capital L P acquired a new position in AECOM in the 4th quarter worth approximately $142,000. Institutional investors and hedge funds own 85.41% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on ACM shares. Citigroup cut their target price on shares of AECOM from $128.00 to $127.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Robert W. Baird reduced their price objective on AECOM from $125.00 to $117.00 and set an "outperform" rating for the company in a research note on Tuesday, February 4th. KeyCorp lowered their target price on AECOM from $122.00 to $121.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 8th. Finally, Barclays increased their price target on shares of AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $120.38.

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AECOM Stock Up 2.0 %

NYSE ACM traded up $1.86 during trading on Monday, hitting $95.96. 1,268,366 shares of the company traded hands, compared to its average volume of 818,881. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56. The business has a fifty day simple moving average of $101.78 and a 200 day simple moving average of $105.20. The company has a market capitalization of $12.73 billion, a P/E ratio of 27.26, a PEG ratio of 1.63 and a beta of 1.22. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02.

AECOM (NYSE:ACM - Get Free Report) last posted its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, topping 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%. As a group, sell-side analysts predict that AECOM will post 5.1 EPS for the current year.

AECOM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Wednesday, April 2nd. AECOM's dividend payout ratio is currently 29.55%.

AECOM Company 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.