Wealthfront Advisers LLC Makes New $704,000 Investment in AECOM (NYSE:ACM)

Wealthfront Advisers LLC acquired a new position in AECOM (NYSE:ACM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,594 shares of the construction company's stock, valued at approximately $704,000.

Other institutional investors have also made changes to their positions in the company. Magnus Financial Group LLC raised its position in AECOM by 93.5% during the fourth quarter. Magnus Financial Group LLC now owns 4,860 shares of the construction company's stock worth $519,000 after acquiring an additional 2,348 shares in the last quarter. JPMorgan Chase & Co. raised its position in AECOM by 40.1% during the third quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company's stock worth $79,339,000 after acquiring an additional 220,035 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in AECOM by 5.0% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 258,680 shares of the construction company's stock worth $26,714,000 after acquiring an additional 12,224 shares in the last quarter. TT International Asset Management LTD bought a new position in shares of AECOM in the fourth quarter valued at about $3,578,000. Finally, Park Avenue Securities LLC raised its position in shares of AECOM by 176.9% in the fourth quarter. Park Avenue Securities LLC now owns 7,239 shares of the construction company's stock valued at $773,000 after purchasing an additional 4,625 shares during the period. Institutional investors own 85.41% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on ACM. KeyCorp dropped their price objective on shares of AECOM from $122.00 to $121.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. The Goldman Sachs Group began coverage on shares of AECOM in a research report on Friday, November 22nd. They issued a "buy" rating and a $130.00 price objective on the stock. Citigroup dropped their price objective 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. Barclays increased their price objective on shares of AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Finally, Truist Financial increased their price objective on shares of AECOM from $119.00 to $129.00 and gave the company a "buy" rating in a research report on Friday, November 22nd. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, AECOM currently has a consensus rating of "Buy" and an average target price of $120.38.

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AECOM Stock Performance

Shares of ACM stock traded down $1.16 on Thursday, hitting $94.99. The company's stock had a trading volume of 678,079 shares, compared to its average volume of 813,040. 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 stock's 50 day moving average is $102.26 and its 200-day moving average is $105.20. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56. The company has a market capitalization of $12.60 billion, a PE ratio of 26.99, a PEG ratio of 1.63 and a beta of 1.22.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. Equities research analysts expect that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 1.09%. AECOM's payout ratio is 29.55%.

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.