FIL Ltd Purchases 19,849 Shares of AECOM (NYSE:ACM)

FIL Ltd increased its position in shares of AECOM (NYSE:ACM - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 441,148 shares of the construction company's stock after buying an additional 19,849 shares during the period. FIL Ltd owned 0.33% of AECOM worth $47,123,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Captrust Financial Advisors raised its holdings in shares of AECOM by 28.1% in the 3rd quarter. Captrust Financial Advisors now owns 6,742 shares of the construction company's stock valued at $696,000 after purchasing an additional 1,480 shares during the period. Integrated Wealth Concepts LLC raised its stake in AECOM by 14.8% in the third quarter. Integrated Wealth Concepts LLC now owns 2,681 shares of the construction company's stock valued at $277,000 after buying an additional 346 shares during the period. Stifel Financial Corp lifted its position in shares of AECOM by 5.7% in the third quarter. Stifel Financial Corp now owns 13,287 shares of the construction company's stock valued at $1,372,000 after buying an additional 719 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of AECOM by 4.8% during the 3rd quarter. Wellington Management Group LLP now owns 11,999 shares of the construction company's stock worth $1,239,000 after acquiring an additional 546 shares during the period. Finally, Kovitz Investment Group Partners LLC acquired a new position in shares of AECOM during the 3rd quarter worth approximately $309,000. 85.41% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ACM shares. Truist Financial cut their price target on AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. KeyCorp decreased their price target on shares of AECOM from $122.00 to $121.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 8th. Robert W. Baird cut their price objective on shares of AECOM from $125.00 to $117.00 and set an "outperform" rating for the company in a research report on Tuesday, February 4th. Barclays upped their target price on AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Finally, Citigroup dropped their price target on AECOM from $128.00 to $127.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $119.38.

AECOM Price Performance

Shares of ACM traded down $0.16 during trading hours on Tuesday, hitting $94.15. 156,447 shares of the company were exchanged, compared to its average volume of 1,077,875. The firm's fifty day moving average is $96.50 and its 200 day moving average is $104.41. The company has a market cap of $12.49 billion, a price-to-earnings ratio of 26.75, a P/E/G ratio of 1.63 and a beta of 1.03. 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 fifty-two week low of $82.23 and a fifty-two week high of $118.56.

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

AECOM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd will be paid a $0.26 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.10%. AECOM's payout ratio is currently 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.