Sterling Capital Management LLC Acquires 2,803 Shares of AECOM (NYSE:ACM)

Sterling Capital Management LLC raised its stake in AECOM (NYSE:ACM - Free Report) by 54.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,948 shares of the construction company's stock after buying an additional 2,803 shares during the quarter. Sterling Capital Management LLC's holdings in AECOM were worth $849,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Principal Securities Inc. boosted its position in AECOM by 95.9% during the fourth quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock valued at $25,000 after purchasing an additional 116 shares during the last quarter. Allworth Financial LP lifted 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 valued at $29,000 after buying an additional 207 shares during the last quarter. National Pension Service acquired a new position in AECOM in the fourth quarter worth approximately $32,000. Wingate Wealth Advisors Inc. acquired a new position in AECOM in the fourth quarter worth approximately $51,000. Finally, Proficio Capital Partners LLC bought a new position in AECOM during the fourth quarter valued at approximately $55,000. Hedge funds and other institutional investors own 85.41% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ACM. Barclays upped 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. Truist Financial lowered their price objective on AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. KeyCorp reduced their target price on AECOM from $121.00 to $109.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Citigroup dropped their price target on shares of AECOM from $128.00 to $127.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Finally, Robert W. Baird decreased their price objective 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. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, AECOM currently has a consensus rating of "Buy" and a consensus target price of $117.88.

AECOM Price Performance

Shares of AECOM stock traded up $1.78 during trading on Tuesday, hitting $94.03. 911,323 shares of the company's stock traded hands, compared to its average volume of 909,496. The company has a market cap of $12.47 billion, a PE ratio of 26.71, a PEG ratio of 1.63 and a beta of 1.03. The firm's fifty day moving average price is $95.02 and its 200 day moving average price is $104.02. AECOM has a twelve month low of $82.23 and a twelve month high of $118.56. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 earnings per share 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 earnings per share for the current year.

AECOM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Wednesday, April 2nd. AECOM's dividend payout ratio (DPR) is currently 29.55%.

AECOM Company 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.