Envestnet Asset Management Inc. Has $11.62 Million Stake in AECOM (NYSE:ACM)

Envestnet Asset Management Inc. boosted its position in AECOM (NYSE:ACM - Free Report) by 33.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 108,758 shares of the construction company's stock after buying an additional 27,117 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.08% of AECOM worth $11,618,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. grew its position in shares of AECOM by 1.5% in the third quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company's stock valued at $655,000 after purchasing an additional 91 shares during the last quarter. Ranch Capital Advisors Inc. boosted its stake in AECOM by 2.3% during the 4th quarter. Ranch Capital Advisors Inc. now owns 4,482 shares of the construction company's stock valued at $479,000 after purchasing an additional 99 shares during the period. Brown Brothers Harriman & Co. boosted its stake in AECOM by 17.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 691 shares of the construction company's stock valued at $74,000 after purchasing an additional 103 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in AECOM by 1.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company's stock valued at $809,000 after buying an additional 109 shares during the last quarter. Finally, Avitas Wealth Management LLC increased its position in AECOM by 0.6% in the 4th quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company's stock worth $2,023,000 after buying an additional 110 shares during the period. Institutional investors own 85.41% of the company's stock.

AECOM Price Performance

NYSE:ACM traded up $3.33 during trading hours on Wednesday, reaching $97.33. The company had a trading volume of 78,470 shares, compared to its average volume of 1,092,326. The firm has a market capitalization of $12.91 billion, a PE ratio of 27.65, a PEG ratio of 1.63 and a beta of 1.03. The stock has a 50-day moving average of $95.02 and a two-hundred day moving average of $104.02. AECOM has a one year low of $82.23 and a one 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.

AECOM (NYSE:ACM - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 earnings per share 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 forecast that AECOM will post 5.1 earnings per share for the current year.

AECOM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd were issued a $0.26 dividend. The ex-dividend date was Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.07%. AECOM's dividend payout ratio is 29.55%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Truist Financial lowered their price objective on shares of AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. KeyCorp dropped their price objective on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Barclays upped their price objective on shares of AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Citigroup decreased their target price on AECOM from $128.00 to $127.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Finally, Robert W. Baird cut their price target on AECOM from $125.00 to $117.00 and set an "outperform" rating for the company in a report on Tuesday, February 4th. Nine 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 $117.88.

AECOM Company 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.