AECOM (NYSE:ACM) Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in AECOM (NYSE:ACM - Free Report) by 31.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,992 shares of the construction company's stock after purchasing an additional 3,374 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in AECOM were worth $1,495,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ACM. Magnus Financial Group LLC grew its position in AECOM by 93.5% in the 4th quarter. Magnus Financial Group LLC now owns 4,860 shares of the construction company's stock valued at $519,000 after buying an additional 2,348 shares during the last quarter. JPMorgan Chase & Co. grew its position in AECOM by 40.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company's stock valued at $79,339,000 after buying an additional 220,035 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in AECOM by 5.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 258,680 shares of the construction company's stock valued at $26,714,000 after buying an additional 12,224 shares during the last quarter. TT International Asset Management LTD purchased a new position in AECOM in the 4th quarter valued at $3,578,000. Finally, Park Avenue Securities LLC grew its position in AECOM by 176.9% in the 4th quarter. Park Avenue Securities LLC now owns 7,239 shares of the construction company's stock valued at $773,000 after buying an additional 4,625 shares during the last quarter. 85.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ACM shares. The Goldman Sachs Group started coverage on shares of AECOM in a research report on Friday, November 22nd. They set a "buy" rating and a $130.00 target price on the stock. Robert W. Baird cut their price target on AECOM from $125.00 to $117.00 and set an "outperform" rating for the company in a research note on Tuesday, February 4th. Barclays boosted their target price on shares of AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. StockNews.com raised shares of AECOM from a "hold" rating to a "buy" rating in a research note on Sunday, October 27th. Finally, KeyCorp cut their target price on shares of AECOM from $122.00 to $121.00 and set an "overweight" rating for the company in a research note on Wednesday, January 8th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, AECOM has an average rating of "Buy" and an average price target of $120.38.

AECOM Trading Down 1.8 %

ACM traded down $1.85 during midday trading on Friday, hitting $100.34. The company's stock had a trading volume of 1,246,957 shares, compared to its average volume of 1,062,723. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 1.02. The firm has a market cap of $13.31 billion, a P/E ratio of 28.51, a PEG ratio of 1.81 and a beta of 1.19. The firm has a 50-day moving average price of $107.69 and a two-hundred day moving average price of $104.97. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56.

AECOM (NYSE:ACM - Get Free Report) last issued its earnings results 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 return on equity of 26.84% and a net margin of 2.93%. On average, research analysts anticipate that AECOM will post 5.1 earnings per share for the current year.

AECOM Increases Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Thursday, January 2nd. This is a boost from AECOM's previous quarterly dividend of $0.22. AECOM's dividend payout ratio is currently 29.55%.

AECOM declared that its board has authorized a share buyback program on Monday, November 18th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the construction company to reacquire up to 6.8% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

AECOM 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.