APG Asset Management N.V. purchased a new stake in shares of AECOM (NYSE:ACM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,865 shares of the construction company's stock, valued at approximately $1,121,000.
Several other institutional investors have also bought and sold shares of ACM. Sandhill Capital Partners LLC acquired a new stake in shares of AECOM in the 4th quarter worth approximately $36,933,000. Bank of Nova Scotia raised its holdings in AECOM by 324.8% during the fourth quarter. Bank of Nova Scotia now owns 28,014 shares of the construction company's stock worth $2,992,000 after purchasing an additional 21,419 shares in the last quarter. FIL Ltd lifted its position in AECOM by 4.7% in the fourth quarter. FIL Ltd now owns 441,148 shares of the construction company's stock worth $47,123,000 after purchasing an additional 19,849 shares during the period. FMR LLC boosted its stake in AECOM by 2.9% during the 4th quarter. FMR LLC now owns 1,360,510 shares of the construction company's stock valued at $145,330,000 after purchasing an additional 38,177 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of AECOM by 33.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 108,758 shares of the construction company's stock valued at $11,618,000 after purchasing an additional 27,117 shares during the period. Institutional investors and hedge funds own 85.41% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the company. Truist Financial cut their price objective on AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Citigroup lowered their price objective on shares of AECOM from $128.00 to $127.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Robert W. Baird reduced their target price on shares of AECOM from $125.00 to $117.00 and set an "outperform" rating for the company in a report on Tuesday, February 4th. KeyCorp cut 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. Finally, Barclays boosted their target price on AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a research report 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 price target of $119.38.
Read Our Latest Stock Analysis on ACM
AECOM Stock Down 0.5 %
Shares of AECOM stock traded down $0.49 during midday trading on Tuesday, hitting $93.82. The company's stock had a trading volume of 615,689 shares, compared to its average volume of 894,481. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $12.44 billion, a P/E ratio of 26.65, a PEG ratio of 1.63 and a beta of 1.03. The stock has a 50-day simple moving average of $96.21 and a 200-day simple moving average of $104.34.
AECOM (NYSE:ACM - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, topping analysts' consensus estimates 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, sell-side analysts expect that AECOM will post 5.1 earnings per share for the current year.
AECOM Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd will be paid 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 1.11%. AECOM's dividend payout ratio is presently 29.55%.
About AECOM
(
Free Report)
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.
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