Prudential Financial Inc. grew its holdings in shares of AECOM (NYSE:ACM - Free Report) by 16.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,524 shares of the construction company's stock after buying an additional 3,921 shares during the quarter. Prudential Financial Inc.'s holdings in AECOM were worth $2,940,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the business. LPL Financial LLC grew its position in AECOM by 3.2% in the 4th quarter. LPL Financial LLC now owns 142,015 shares of the construction company's stock valued at $15,170,000 after acquiring an additional 4,400 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in AECOM during the 4th quarter valued at about $418,000. KLP Kapitalforvaltning AS purchased a new stake in AECOM in the 4th quarter valued at about $9,774,000. Knights of Columbus Asset Advisors LLC grew its stake in AECOM by 3.2% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 80,091 shares of the construction company's stock worth $8,555,000 after acquiring an additional 2,473 shares in the last quarter. Finally, AXQ Capital LP increased its position in shares of AECOM by 35.1% during the fourth quarter. AXQ Capital LP now owns 9,639 shares of the construction company's stock worth $1,030,000 after acquiring an additional 2,505 shares during the period. Institutional investors own 85.41% of the company's stock.
AECOM Stock Down 2.2 %
ACM traded down $1.92 on Monday, hitting $87.33. The company had a trading volume of 1,715,423 shares, compared to its average volume of 878,338. The stock has a market capitalization of $11.58 billion, a price-to-earnings ratio of 24.81, 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. The stock has a fifty day moving average price of $98.28 and a 200-day moving average price of $104.92. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56.
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 (EPS) for the quarter, topping 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%. Analysts predict that AECOM will post 5.1 EPS for the current fiscal year.
AECOM Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Wednesday, April 2nd. AECOM's payout ratio is presently 29.55%.
Analysts Set New Price Targets
A number of brokerages recently issued reports on ACM. Robert W. Baird lowered 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. Citigroup dropped their price target on AECOM from $128.00 to $127.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. KeyCorp cut their price target on AECOM from $122.00 to $121.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 8th. Finally, Barclays upped their price objective on shares of AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $120.38.
Check Out Our Latest Report on AECOM
AECOM Company Profile
(
Free Report)
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.
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