Raymond James Financial Inc. bought a new position in AECOM (NYSE:ACM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 90,850 shares of the construction company's stock, valued at approximately $9,705,000. Raymond James Financial Inc. owned about 0.07% of AECOM as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently bought and sold shares of the stock. Principal Securities Inc. increased its stake in AECOM by 95.9% during the fourth quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock worth $25,000 after acquiring an additional 116 shares during the last quarter. Allworth Financial LP grew its holdings in shares of AECOM by 390.6% during the 4th quarter. Allworth Financial LP now owns 260 shares of the construction company's stock worth $29,000 after purchasing an additional 207 shares during the period. Private Trust Co. NA acquired a new stake in AECOM during the 3rd quarter worth approximately $30,000. National Pension Service purchased a new position in AECOM in the fourth quarter valued at approximately $32,000. Finally, True Wealth Design LLC lifted its position in AECOM by 4,242.9% during the third quarter. True Wealth Design LLC now owns 304 shares of the construction company's stock valued at $31,000 after buying an additional 297 shares in the last quarter. 85.41% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on ACM shares. Citigroup dropped their price objective on shares of AECOM from $128.00 to $127.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Barclays raised their price objective on AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. KeyCorp decreased their target price on AECOM from $122.00 to $121.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Finally, Robert W. Baird lowered their target price on AECOM from $125.00 to $117.00 and set an "outperform" rating for the company in a research note on Tuesday, February 4th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $120.38.
Read Our Latest Research Report on ACM
AECOM Stock Down 1.1 %
Shares of NYSE ACM traded down $1.10 during midday trading on Tuesday, reaching $94.72. 1,163,077 shares of the company's stock were exchanged, compared to its average volume of 818,482. The stock has a market capitalization of $12.56 billion, a PE ratio of 26.91, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22. AECOM has a 52-week low of $82.23 and a 52-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 business's fifty day moving average price is $101.53 and its two-hundred day moving average price is $105.20.
AECOM (NYSE:ACM - Get Free Report) last announced its 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 return on equity of 26.84% and a net margin of 2.93%. Analysts forecast that AECOM will post 5.1 EPS for the current year.
AECOM Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Wednesday, April 2nd. AECOM's dividend payout ratio is currently 29.55%.
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.
Further Reading
Before you consider AECOM, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AECOM wasn't on the list.
While AECOM currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
