Andra AP fonden Raises Stake in AECOM (NYSE:ACM)

Andra AP fonden grew its holdings in AECOM (NYSE:ACM - Free Report) by 356.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,900 shares of the construction company's stock after purchasing an additional 37,400 shares during the quarter. Andra AP fonden's holdings in AECOM were worth $5,117,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ACM. Franklin Resources Inc. increased its holdings in AECOM by 1.5% during the third quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company's stock valued at $655,000 after buying an additional 91 shares during the period. PNC Financial Services Group Inc. raised its position in shares of AECOM by 1.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 9,459 shares of the construction company's stock worth $977,000 after acquiring an additional 103 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of AECOM by 1.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company's stock worth $809,000 after acquiring an additional 109 shares in the last quarter. Avitas Wealth Management LLC lifted its stake in shares of AECOM by 0.6% during the 4th quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company's stock worth $2,023,000 after purchasing an additional 110 shares during the last quarter. Finally, Principal Securities Inc. grew its stake in AECOM by 95.9% in the fourth quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock valued at $25,000 after purchasing an additional 116 shares during the last quarter. Institutional investors own 85.41% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Citigroup decreased their target price on shares of AECOM from $128.00 to $127.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. KeyCorp lowered their price objective on AECOM from $122.00 to $121.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group began coverage on AECOM in a research note on Friday, November 22nd. They set a "buy" rating and a $130.00 target price on the stock. Barclays increased their price target on AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Finally, Robert W. Baird dropped their price target on AECOM from $125.00 to $117.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 4th. 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 Price Performance

NYSE ACM traded up $0.30 during trading hours on Wednesday, hitting $94.68. 732,275 shares of the company's stock traded hands, compared to its average volume of 816,680. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. The firm's 50-day moving average is $103.70 and its 200-day moving average is $105.45. The company has a market capitalization of $12.56 billion, a PE ratio of 26.90, a PEG ratio of 1.63 and a beta of 1.22. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56.

AECOM (NYSE:ACM - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating 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%. Equities analysts forecast that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

The business 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 of this dividend is Wednesday, April 2nd. This represents a $1.04 annualized dividend and a dividend yield of 1.10%. AECOM's dividend payout ratio is presently 29.55%.

AECOM declared that its board has authorized a share buyback program on Monday, November 18th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to buy up to 6.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

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.