Allstate Corp Buys Shares of 3,924 AECOM (NYSE:ACM)

Allstate Corp acquired a new position in shares of AECOM (NYSE:ACM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,924 shares of the construction company's stock, valued at approximately $419,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ACM. Principal Securities Inc. grew 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 buying an additional 116 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of AECOM by 390.6% in the fourth quarter. Allworth Financial LP now owns 260 shares of the construction company's stock valued at $29,000 after acquiring an additional 207 shares during the period. National Pension Service purchased a new position in shares of AECOM during the fourth quarter worth approximately $32,000. Wingate Wealth Advisors Inc. acquired a new position in shares of AECOM in the 4th quarter valued at $51,000. Finally, Jones Financial Companies Lllp raised its position in AECOM by 821.4% in the 4th quarter. Jones Financial Companies Lllp now owns 645 shares of the construction company's stock valued at $69,000 after purchasing an additional 575 shares during the last quarter. Institutional investors and hedge funds own 85.41% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on ACM. Robert W. Baird lowered their price objective on shares of AECOM from $125.00 to $117.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 4th. KeyCorp lowered their price target on AECOM from $122.00 to $121.00 and set an "overweight" rating on the stock in a report on Wednesday, January 8th. Citigroup reduced their price objective on AECOM from $128.00 to $127.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Finally, Barclays lifted their target price on AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, AECOM presently has a consensus rating of "Buy" and an average target price of $120.38.

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AECOM Price Performance

Shares of ACM traded down $1.92 during mid-day trading on Monday, hitting $87.33. The company's stock had a trading volume of 1,715,423 shares, compared to its average volume of 878,338. The firm has a 50-day simple moving average of $98.28 and a 200 day simple moving average of $104.92. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56. The firm has a market capitalization of $11.58 billion, a P/E ratio of 24.81, a P/E/G ratio of 1.63 and a beta of 1.03. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02.

AECOM (NYSE:ACM - Get Free Report) last issued 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 net margin of 2.93% and a return on equity of 26.84%. Analysts predict 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. 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 dividend on an annualized basis and a yield of 1.19%. 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.