JPMorgan Chase & Co. lowered its position in AECOM (NYSE:ACM - Free Report) by 18.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 623,917 shares of the construction company's stock after selling 144,349 shares during the quarter. JPMorgan Chase & Co. owned about 0.47% of AECOM worth $66,647,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Prudential Financial Inc. grew 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 buying an additional 3,921 shares during the period. Magnus Financial Group LLC grew its position in AECOM by 93.5% in the fourth quarter. Magnus Financial Group LLC now owns 4,860 shares of the construction company's stock worth $519,000 after acquiring an additional 2,348 shares during the period. Raymond James Financial Inc. acquired a new stake in AECOM during the fourth quarter worth $9,705,000. TT International Asset Management LTD purchased a new stake in AECOM in the fourth quarter valued at $3,578,000. Finally, Park Avenue Securities LLC raised its position in AECOM by 176.9% in the fourth quarter. Park Avenue Securities LLC now owns 7,239 shares of the construction company's stock valued at $773,000 after purchasing an additional 4,625 shares during the period. 85.41% of the stock is currently owned by institutional investors and hedge funds.
AECOM Stock Up 8.9 %
ACM stock traded up $7.76 during midday trading on Wednesday, hitting $94.95. The company's stock had a trading volume of 2,046,766 shares, compared to its average volume of 888,336. The firm has a 50-day simple moving average of $97.57 and a 200-day simple moving average of $104.69. The firm has a market capitalization of $12.59 billion, a P/E ratio of 26.97, a PEG ratio of 1.63 and a beta of 1.03. 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 has a 52-week low of $82.23 and a 52-week high of $118.56.
AECOM (NYSE:ACM - Get Free Report) last released its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts forecast that AECOM will post 5.1 EPS for the current year.
AECOM Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 1.10%. AECOM's dividend payout ratio is currently 29.55%.
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. Citigroup cut their price objective on AECOM from $128.00 to $127.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. KeyCorp dropped their price target on shares of AECOM from $122.00 to $121.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Robert W. Baird decreased their price objective on shares of AECOM from $125.00 to $117.00 and set an "outperform" rating on the stock in a report on Tuesday, February 4th. Truist Financial lowered their price objective on shares of AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Barclays boosted their target price on 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, the stock has a consensus rating of "Buy" and a consensus price target of $119.38.
Check Out Our Latest Research Report on AECOM
AECOM Profile
(
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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