Dana Investment Advisors Inc. decreased its stake in shares of AECOM (NYSE:ACM - Free Report) by 11.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,864 shares of the construction company's stock after selling 4,674 shares during the quarter. Dana Investment Advisors Inc.'s holdings in AECOM were worth $3,831,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of ACM. Principal Securities Inc. boosted its holdings in shares of AECOM by 95.9% during the 4th 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. Allworth Financial LP lifted its position in shares of AECOM by 390.6% in the fourth quarter. Allworth Financial LP now owns 260 shares of the construction company's stock worth $29,000 after buying an additional 207 shares in the last quarter. Private Trust Co. NA bought a new position in AECOM during the third quarter valued at approximately $30,000. True Wealth Design LLC boosted its stake in AECOM by 4,242.9% during the third 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 during the last quarter. Finally, National Pension Service purchased a new position in AECOM during the 4th quarter valued at approximately $32,000. 85.41% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on ACM shares. Citigroup lowered their target price on 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 shares of AECOM from $122.00 to $121.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Truist Financial boosted their target price on shares of AECOM from $119.00 to $129.00 and gave the stock a "buy" rating in a report on Friday, November 22nd. The Goldman Sachs Group started coverage on shares of AECOM in a report on Friday, November 22nd. They issued a "buy" rating and a $130.00 price target for the company. Finally, Robert W. Baird dropped their price target on AECOM from $125.00 to $117.00 and set an "outperform" rating for the company in a research report on Tuesday, February 4th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, AECOM currently has a consensus rating of "Buy" and a consensus price target of $120.38.
Check Out Our Latest Stock Analysis on AECOM
AECOM Trading Up 0.3 %
NYSE:ACM traded up $0.29 during mid-day trading on Friday, hitting $97.02. 965,740 shares of the stock traded hands, compared to its average volume of 812,985. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56. The stock has a market capitalization of $12.87 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 1.63 and a beta of 1.22. The firm's 50 day moving average is $104.17 and its two-hundred day moving average is $105.36.
AECOM (NYSE:ACM - Get Free Report) last released its earnings results on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, beating 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%. On average, equities research analysts predict that AECOM will post 5.1 earnings per share for the current year.
AECOM declared that its board has approved a stock buyback program on Monday, November 18th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to reacquire up to 6.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.
AECOM Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.04 annualized dividend and a dividend yield of 1.07%. AECOM's dividend payout ratio (DPR) is 29.55%.
AECOM Company Profile
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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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