First Trust Advisors LP Acquires 13,114 Shares of AECOM (NYSE:ACM)

First Trust Advisors LP raised its holdings in shares of AECOM (NYSE:ACM - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 660,907 shares of the construction company's stock after purchasing an additional 13,114 shares during the quarter. First Trust Advisors LP owned 0.50% of AECOM worth $70,598,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ACM. Principal Securities Inc. lifted its holdings in 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 buying an additional 116 shares in the last quarter. Allworth Financial LP raised its stake in shares of AECOM by 390.6% during the fourth quarter. Allworth Financial LP now owns 260 shares of the construction company's stock valued at $29,000 after acquiring an additional 207 shares in the last quarter. National Pension Service purchased a new stake in shares of AECOM in the fourth quarter valued at approximately $32,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of AECOM in the fourth quarter valued at approximately $51,000. Finally, Proficio Capital Partners LLC bought a new position in AECOM in the fourth quarter worth approximately $55,000. 85.41% of the stock is owned by hedge funds and other institutional investors.

AECOM Price Performance

Shares of NYSE ACM opened at $92.34 on Tuesday. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $12.25 billion, a PE ratio of 26.23, a P/E/G ratio of 1.63 and a beta of 1.03. The business has a 50-day simple moving average of $95.19 and a two-hundred day simple moving average of $104.09.

AECOM (NYSE:ACM - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. As a group, equities analysts expect that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, April 2nd. This represents a $1.04 annualized dividend and a yield of 1.13%. AECOM's payout ratio is presently 29.55%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ACM shares. KeyCorp lowered their target price on AECOM from $121.00 to $109.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Truist Financial dropped their target price on shares of AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Barclays boosted their price target on shares of AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Citigroup cut their price objective on shares of AECOM from $128.00 to $127.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Finally, Robert W. Baird dropped their target price on AECOM from $125.00 to $117.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 4th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $117.88.

AECOM 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.

Want to see what other hedge funds are holding ACM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AECOM (NYSE:ACM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.