Alliancebernstein L.P. Buys 373,991 Shares of AECOM (NYSE:ACM)

Alliancebernstein L.P. raised its stake in AECOM (NYSE:ACM - Free Report) by 11.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,718,371 shares of the construction company's stock after buying an additional 373,991 shares during the quarter. Alliancebernstein L.P. owned 2.80% of AECOM worth $397,196,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ACM. Principal Securities Inc. boosted its stake in AECOM by 95.9% during the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock worth $25,000 after acquiring an additional 116 shares during the last quarter. Allworth Financial LP grew its holdings in shares of AECOM by 390.6% in 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. True Wealth Design LLC increased its position in shares of AECOM by 4,242.9% in the 3rd quarter. True Wealth Design LLC now owns 304 shares of the construction company's stock valued at $31,000 after buying an additional 297 shares in the last quarter. National Pension Service bought a new position in AECOM during the fourth quarter worth about $32,000. Finally, Wingate Wealth Advisors Inc. bought a new position in AECOM during the fourth quarter worth about $51,000. Institutional investors own 85.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ACM. KeyCorp dropped their price target on AECOM from $122.00 to $121.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. Barclays raised their target price on shares of AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Citigroup reduced their price target on shares of AECOM from $128.00 to $127.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Finally, Robert W. Baird dropped 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. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $120.38.

Remove Ads

AECOM Stock Down 3.8 %

AECOM stock traded down $3.51 during mid-day trading on Friday, reaching $89.23. The company's stock had a trading volume of 1,656,543 shares, compared to its average volume of 874,989. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56. The business's 50 day simple moving average is $98.67 and its 200 day simple moving average is $104.97. The company 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.

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 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%. As a group, research analysts anticipate that AECOM will post 5.1 earnings per share for the current year.

AECOM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Wednesday, April 2nd. AECOM's dividend payout ratio (DPR) is presently 29.55%.

AECOM 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.