Tower Research Capital LLC TRC Acquires 6,411 Shares of AECOM (NYSE:ACM)

Tower Research Capital LLC TRC raised its position in shares of AECOM (NYSE:ACM - Free Report) by 256.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,914 shares of the construction company's stock after purchasing an additional 6,411 shares during the quarter. Tower Research Capital LLC TRC's holdings in AECOM were worth $952,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Alliancebernstein L.P. boosted its position in shares of AECOM by 11.2% in the fourth quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company's stock worth $397,196,000 after purchasing an additional 373,991 shares during the period. Norges Bank bought a new stake in AECOM during the 4th quarter valued at approximately $190,495,000. FMR LLC boosted its stake in AECOM by 2.9% in the 4th quarter. FMR LLC now owns 1,360,510 shares of the construction company's stock worth $145,330,000 after purchasing an additional 38,177 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of AECOM by 8.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,205,920 shares of the construction company's stock worth $128,820,000 after buying an additional 94,880 shares in the last quarter. Finally, Mariner LLC boosted its position in shares of AECOM by 3.9% during the fourth quarter. Mariner LLC now owns 1,083,908 shares of the construction company's stock worth $115,786,000 after acquiring an additional 40,228 shares during the last quarter. Hedge funds and other institutional investors own 85.41% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on ACM shares. Truist Financial dropped their price target on AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. KeyCorp lowered their price objective on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Citigroup reduced their target price on shares of AECOM from $127.00 to $116.00 and set a "buy" rating on the stock in a report on Friday. Barclays boosted their price objective on AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Finally, Robert W. Baird lowered their price objective 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, Based on data from MarketBeat.com, AECOM has a consensus rating of "Buy" and a consensus price target of $116.50.

AECOM Trading Up 0.7 %

ACM stock traded up $0.64 during midday trading on Tuesday, reaching $98.08. The company's stock had a trading volume of 594,624 shares, compared to its average volume of 907,551. AECOM has a 1 year low of $82.23 and a 1 year high of $118.56. The firm has a market capitalization of $13.01 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 1.63 and a beta of 1.03. The stock has a fifty day simple moving average of $94.71 and a two-hundred day simple moving average of $103.78. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14.

AECOM (NYSE:ACM - Get Free Report) last announced 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 net margin of 2.93% and a return on equity of 26.84%. On average, equities research analysts predict that AECOM will post 5.1 EPS for the current year.

AECOM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders 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 yield of 1.06%. The ex-dividend date of this dividend was Wednesday, April 2nd. AECOM's dividend payout ratio (DPR) is presently 29.55%.

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.