Vanguard Group Inc. Cuts Holdings in AECOM (NYSE:ACM)

Vanguard Group Inc. trimmed its stake in shares of AECOM (NYSE:ACM - Free Report) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,804,619 shares of the construction company's stock after selling 90,501 shares during the quarter. Vanguard Group Inc. owned approximately 9.65% of AECOM worth $1,367,789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Principal Securities Inc. grew its holdings in shares of AECOM by 95.9% in the fourth quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock worth $25,000 after purchasing an additional 116 shares during the last quarter. Allworth Financial LP boosted its position in AECOM by 390.6% during the 4th quarter. Allworth Financial LP now owns 260 shares of the construction company's stock valued at $29,000 after buying an additional 207 shares during the period. Private Trust Co. NA bought a new stake in AECOM in the 3rd quarter worth $30,000. True Wealth Design LLC increased its position in shares of AECOM by 4,242.9% in the third quarter. True Wealth Design LLC now owns 304 shares of the construction company's stock valued at $31,000 after acquiring an additional 297 shares during the period. Finally, National Pension Service bought a new position in shares of AECOM during the fourth quarter valued at about $32,000. 85.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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AECOM Stock Up 1.5 %

Shares of ACM traded up $1.41 during mid-day trading on Tuesday, reaching $94.14. The company had a trading volume of 858,663 shares, compared to its average volume of 862,044. AECOM has a 52 week low of $82.23 and a 52 week 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. The company has a market capitalization of $12.49 billion, a price-to-earnings ratio of 26.75, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22. The firm has a 50-day moving average price of $99.68 and a 200 day moving average price of $105.13.

AECOM (NYSE:ACM - Get Free Report) last released its earnings results on Monday, February 3rd. The construction company reported $1.31 EPS 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%. On average, sell-side analysts forecast that AECOM will post 5.1 EPS for the current year.

AECOM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.04 annualized dividend and a yield of 1.10%. AECOM's dividend payout ratio (DPR) is presently 29.55%.

About AECOM

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.