Pinebridge Investments L.P. Has $4.14 Million Stake in AECOM (NYSE:ACM)

Pinebridge Investments L.P. raised its stake in AECOM (NYSE:ACM - Free Report) by 42.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,762 shares of the construction company's stock after purchasing an additional 11,602 shares during the period. Pinebridge Investments L.P.'s holdings in AECOM were worth $4,141,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of ACM. Prudential Financial Inc. lifted its holdings in shares of AECOM by 16.6% during the 4th quarter. Prudential Financial Inc. now owns 27,524 shares of the construction company's stock worth $2,940,000 after acquiring an additional 3,921 shares during the period. Magnus Financial Group LLC lifted its holdings in shares of AECOM by 93.5% during the 4th quarter. Magnus Financial Group LLC now owns 4,860 shares of the construction company's stock worth $519,000 after acquiring an additional 2,348 shares during the period. JPMorgan Chase & Co. lifted its holdings 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 acquiring an additional 220,035 shares during the period. Raymond James Financial Inc. bought a new position in shares of AECOM during the 4th quarter worth about $9,705,000. Finally, TT International Asset Management LTD bought a new position in shares of AECOM during the 4th quarter worth about $3,578,000. 85.41% of the stock is owned by institutional investors.

AECOM Price Performance

ACM traded up $0.08 during midday trading on Monday, hitting $97.42. The company had a trading volume of 610,343 shares, compared to its average volume of 908,803. 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 capitalization of $12.92 billion, a PE ratio of 27.68, a P/E/G ratio of 1.63 and a beta of 1.03. AECOM has a twelve month low of $82.23 and a twelve month high of $118.56. The firm's 50-day simple moving average is $94.71 and its 200-day simple moving average is $103.78.

AECOM (NYSE:ACM - Get Free Report) last posted its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, beating 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%. Equities research analysts predict that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.07%. The ex-dividend date was Wednesday, April 2nd. AECOM's payout ratio is presently 29.55%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Truist Financial reduced their price objective on shares of AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Barclays raised their price objective on shares of AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Robert W. Baird cut their price target 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. Citigroup cut their price target on shares of AECOM from $127.00 to $116.00 and set a "buy" rating for the company in a report on Friday. Finally, KeyCorp cut their price target on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $116.50.

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.