Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of AECOM (NYSE:ACM - Free Report) by 10.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 99,672 shares of the construction company's stock after buying an additional 9,707 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.08% of AECOM worth $10,740,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Korea Investment CORP raised its holdings in AECOM by 43.1% in the fourth quarter. Korea Investment CORP now owns 157,332 shares of the construction company's stock valued at $16,806,000 after buying an additional 47,371 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in shares of AECOM in the 4th quarter valued at $737,000. Prudential Financial Inc. raised its stake in shares of AECOM by 16.6% in the 4th quarter. Prudential Financial Inc. now owns 27,524 shares of the construction company's stock valued at $2,940,000 after acquiring an additional 3,921 shares during the period. LPL Financial LLC lifted its holdings in shares of AECOM by 3.2% during the 4th quarter. LPL Financial LLC now owns 142,015 shares of the construction company's stock valued at $15,170,000 after acquiring an additional 4,400 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in AECOM during the 4th quarter worth $418,000. 85.41% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms have commented on ACM. KeyCorp cut their price objective 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 dropped their target price on AECOM from $125.00 to $117.00 and set an "outperform" rating on the stock in a report on Tuesday, February 4th. Citigroup decreased their price target on AECOM from $128.00 to $127.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Finally, Barclays increased their price objective on shares of AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $120.38.
View Our Latest Research Report on AECOM
AECOM Stock Down 3.8 %
ACM stock traded down $3.51 during midday trading on Friday, hitting $89.23. 1,656,543 shares of the company's stock were exchanged, compared to its average volume of 874,989. The stock has a market capitalization of $11.83 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 1.63 and a beta of 1.03. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. The firm has a 50 day moving average price of $98.67 and a 200-day moving average price of $104.97. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56.
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 (EPS) 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, analysts anticipate that AECOM will post 5.1 EPS for the current year.
AECOM Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.17%. The ex-dividend date is Wednesday, April 2nd. AECOM's payout ratio is currently 29.55%.
About AECOM
(
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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