LPL Financial LLC Increases Position in AECOM (NYSE:ACM)

LPL Financial LLC raised its position in AECOM (NYSE:ACM - Free Report) by 3.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 142,015 shares of the construction company's stock after buying an additional 4,400 shares during the period. LPL Financial LLC owned about 0.11% of AECOM worth $15,170,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Bank of Montreal Can lifted its stake in shares of AECOM by 8.5% in the third quarter. Bank of Montreal Can now owns 42,395 shares of the construction company's stock worth $4,376,000 after buying an additional 3,311 shares in the last quarter. Townsquare Capital LLC acquired a new stake in AECOM in the 3rd quarter valued at about $279,000. Captrust Financial Advisors lifted its stake in AECOM by 28.1% in the 3rd quarter. Captrust Financial Advisors now owns 6,742 shares of the construction company's stock worth $696,000 after purchasing an additional 1,480 shares in the last quarter. Holocene Advisors LP boosted its holdings in shares of AECOM by 12.1% during the 3rd quarter. Holocene Advisors LP now owns 89,219 shares of the construction company's stock worth $9,214,000 after purchasing an additional 9,606 shares during the last quarter. Finally, Investment Management Corp of Ontario grew its position in shares of AECOM by 4.5% in the third quarter. Investment Management Corp of Ontario now owns 35,143 shares of the construction company's stock valued at $3,629,000 after purchasing an additional 1,500 shares in the last quarter. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of brokerages recently commented on ACM. Citigroup reduced their price objective on AECOM from $128.00 to $127.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. KeyCorp dropped their target price on 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 reduced their price target on AECOM from $125.00 to $117.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 4th. Finally, Barclays upped their target price on shares of AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $120.38.

AECOM Stock Down 3.8 %

AECOM stock traded down $3.51 during mid-day trading on Friday, hitting $89.23. The company had a trading volume of 1,656,543 shares, compared to its average volume of 874,989. 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 1 year low of $82.23 and a 1 year high of $118.56. The business has a fifty day moving average of $98.67 and a 200 day moving average of $105.02. The stock has a market cap of $11.83 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 1.63 and a beta of 1.03.

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

AECOM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd will be given a $0.26 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.17%. AECOM's dividend payout ratio (DPR) is presently 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.