Deutsche Bank AG Purchases 99,211 Shares of AECOM (NYSE:ACM)

Deutsche Bank AG boosted its holdings in shares of AECOM (NYSE:ACM - Free Report) by 9.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,114,581 shares of the construction company's stock after acquiring an additional 99,211 shares during the quarter. Deutsche Bank AG owned approximately 0.84% of AECOM worth $119,060,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Alliancebernstein L.P. grew its holdings in AECOM by 11.2% during the fourth quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company's stock valued at $397,196,000 after purchasing an additional 373,991 shares during the last quarter. Norges Bank acquired a new stake in shares of AECOM in the fourth quarter worth $190,495,000. Northern Trust Corp grew its stake in shares of AECOM by 53.5% in the fourth quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company's stock worth $177,844,000 after acquiring an additional 580,078 shares during the last quarter. FMR LLC grew its stake in shares of AECOM by 2.9% in the fourth quarter. FMR LLC now owns 1,360,510 shares of the construction company's stock worth $145,330,000 after acquiring an additional 38,177 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake 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 acquiring an additional 94,880 shares during the last quarter. Institutional investors and hedge funds own 85.41% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ACM shares. Barclays lifted their price target on shares of AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Robert W. Baird lifted their price target on shares of AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Citigroup lifted their price target on shares of AECOM from $116.00 to $122.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Royal Bank of Canada lifted their price target on shares of AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Finally, KeyCorp decreased their price target on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $119.00.

AECOM Stock Performance

AECOM stock traded up $0.18 during midday trading on Wednesday, reaching $106.86. The stock had a trading volume of 854,682 shares, compared to its average volume of 915,424. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $14.14 billion, a PE ratio of 30.36, a P/E/G ratio of 1.63 and a beta of 0.96. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56. The firm's 50-day moving average price is $96.08 and its 200 day moving average price is $103.53.

AECOM (NYSE:ACM - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The construction company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.10. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $4.18 billion. AECOM had a return on equity of 26.84% and a net margin of 2.93%. The business's revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.04 earnings per share. As a group, research analysts predict that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend was Wednesday, April 2nd. AECOM's payout ratio is 22.66%.

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.