Fmr LLC Boosts Position in AECOM (NYSE:ACM)

FMR LLC lifted its holdings in shares of AECOM (NYSE:ACM - Free Report) by 2.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,360,510 shares of the construction company's stock after purchasing an additional 38,177 shares during the period. FMR LLC owned 1.03% of AECOM worth $145,330,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of AECOM during the fourth quarter worth $190,495,000. Alliancebernstein L.P. boosted its stake in shares of AECOM by 11.2% in the 4th quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company's stock valued at $397,196,000 after purchasing an additional 373,991 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of AECOM by 40.1% during the 3rd 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 during the period. Teacher Retirement System of Texas raised its stake in shares of AECOM by 58.1% during 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. Finally, Flputnam Investment Management Co. lifted its holdings in AECOM by 88.8% in the fourth quarter. Flputnam Investment Management Co. now owns 272,888 shares of the construction company's stock valued at $29,150,000 after buying an additional 128,346 shares during the period. 85.41% of the stock is currently owned by institutional investors and hedge funds.

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AECOM Price Performance

Shares of AECOM stock traded down $0.76 on Wednesday, reaching $93.20. 942,774 shares of the stock were exchanged, compared to its average volume of 894,678. The firm's 50 day moving average is $96.21 and its 200-day moving average is $104.34. The firm has a market cap of $12.36 billion, a PE ratio of 26.48, a P/E/G ratio of 1.63 and a beta of 1.03. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. AECOM has a one year low of $82.23 and a one year 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, topping 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%. As a group, analysts anticipate that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Wednesday, April 2nd. AECOM's dividend payout ratio is currently 29.55%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Robert W. Baird lowered their target price on shares of AECOM from $125.00 to $117.00 and set an "outperform" rating for the company in a report on Tuesday, February 4th. Barclays increased their target price on AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Truist Financial lowered their price target on AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. KeyCorp cut their price target on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating on the stock in a research report on Wednesday. Finally, Citigroup decreased their price objective on shares of AECOM from $128.00 to $127.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, AECOM has a consensus rating of "Buy" and a consensus target price 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.