Bryce Point Capital LLC acquired a new stake in AECOM (NYSE:ACM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,269 shares of the construction company's stock, valued at approximately $1,311,000.
Several other large investors also recently modified their holdings of ACM. Norges Bank acquired a new position in shares of AECOM in the fourth quarter worth about $190,495,000. Alliancebernstein L.P. increased its holdings in AECOM by 11.2% during the 4th quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company's stock worth $397,196,000 after purchasing an additional 373,991 shares during the last quarter. National Bank of Canada FI raised its position in shares of AECOM by 1,847.8% in the 3rd quarter. National Bank of Canada FI now owns 274,857 shares of the construction company's stock valued at $28,384,000 after purchasing an additional 260,746 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of AECOM by 40.1% during the third quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company's stock worth $79,339,000 after buying an additional 220,035 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its stake in shares of AECOM by 58.1% in the fourth quarter. Teacher Retirement System of Texas now owns 349,991 shares of the construction company's stock worth $37,386,000 after buying an additional 128,580 shares during the last quarter. 85.41% of the stock is currently owned by institutional investors and hedge funds.
AECOM Stock Performance
NYSE ACM traded down $3.17 during trading hours on Monday, reaching $86.09. The company's stock had a trading volume of 526,117 shares, compared to its average volume of 1,054,182. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. The business has a 50-day simple moving average of $98.67 and a 200 day simple moving average of $105.02. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56. The stock has a market cap of $11.42 billion, a PE ratio of 24.46, a PEG ratio of 1.63 and a beta of 1.03.
AECOM (NYSE:ACM - Get Free Report) last announced its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (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%. Equities research analysts predict that AECOM will post 5.1 earnings per share for the current fiscal year.
AECOM Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Wednesday, April 2nd. AECOM's dividend payout ratio (DPR) is 29.55%.
Analyst Ratings Changes
A number of research analysts have commented on the stock. Robert W. Baird reduced their price objective on shares of AECOM from $125.00 to $117.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 4th. KeyCorp reduced their price target on shares of AECOM from $122.00 to $121.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. Citigroup decreased their price target 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 upped their price objective on AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $120.38.
Check Out Our Latest Analysis on AECOM
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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