AECOM (NYSE:ACM) Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its stake in shares of AECOM (NYSE:ACM - Free Report) by 90.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 97,938 shares of the construction company's stock after buying an additional 46,486 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.07% of AECOM worth $10,462,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in AECOM during the third quarter valued at about $42,201,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in AECOM by 17.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,989,238 shares of the construction company's stock worth $205,429,000 after buying an additional 289,513 shares during the last quarter. National Bank of Canada FI raised its stake in shares of AECOM by 1,847.8% in the 3rd quarter. National Bank of Canada FI now owns 274,857 shares of the construction company's stock valued at $28,384,000 after acquiring an additional 260,746 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of AECOM by 40.1% in the third 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 last quarter. Finally, Verition Fund Management LLC boosted its holdings in AECOM by 293.7% during the third quarter. Verition Fund Management LLC now owns 180,602 shares of the construction company's stock valued at $18,651,000 after acquiring an additional 134,730 shares during the period. Institutional investors own 85.41% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. The Goldman Sachs Group started coverage on AECOM in a research note on Friday, November 22nd. They set a "buy" rating and a $130.00 price target on the stock. StockNews.com upgraded AECOM from a "hold" rating to a "buy" rating in a research report on Sunday, October 27th. KeyCorp dropped their price objective on shares of AECOM from $122.00 to $121.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Citigroup dropped their price target on shares of AECOM from $128.00 to $127.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Finally, 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 research note on Tuesday. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $118.50.

AECOM Price Performance

Shares of ACM stock traded up $0.89 during trading on Wednesday, hitting $105.07. The company had a trading volume of 1,204,040 shares, compared to its average volume of 1,019,371. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56. The stock's 50-day moving average is $109.11 and its two-hundred day moving average is $104.20. The stock has a market capitalization of $13.94 billion, a price-to-earnings ratio of 35.50, a price-to-earnings-growth ratio of 1.80 and a beta of 1.19. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.03.

AECOM (NYSE:ACM - Get Free Report) last announced its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.21. AECOM had a return on equity of 25.46% and a net margin of 2.50%. As a group, analysts predict that AECOM will post 5.08 EPS for the current fiscal year.

AECOM Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.99%. This is an increase from AECOM's previous quarterly dividend of $0.22. The ex-dividend date was Thursday, January 2nd. AECOM's payout ratio is 35.14%.

AECOM declared that its board has initiated a share buyback program on Monday, November 18th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the construction company to purchase up to 6.8% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

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.