AECOM (NYSE:ACM) Shares Purchased by AGF Management Ltd.

Key Points

• AGF Management Ltd. increased its stake in AECOM by 10.7%, acquiring an additional 92,864 shares to hold a total of 964,757 shares, valued at approximately $89.5 million.
• A number of institutional investors have also increased their holdings in AECOM, contributing to a total institutional ownership of 85.41%.
• Analysts have a consensus rating of "Buy" for AECOM, with an average target price of $127.33, reflecting optimism about the company's performance and future earnings.

AGF Management Ltd. grew its position in AECOM (NYSE:ACM - Free Report) by 10.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 964,757 shares of the construction company's stock after acquiring an additional 92,864 shares during the quarter. AGF Management Ltd. owned about 0.73% of AECOM worth $89,462,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ACM. TCTC Holdings LLC lifted its position in AECOM by 120.3% during the first quarter. TCTC Holdings LLC now owns 304 shares of the construction company's stock worth $28,000 after buying an additional 166 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in AECOM in the fourth quarter valued at $35,000. Private Trust Co. NA raised its position in AECOM by 37.2% in the first quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock valued at $38,000 after purchasing an additional 112 shares during the period. Eastern Bank purchased a new stake in AECOM in the first quarter valued at $49,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in AECOM by 148.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 592 shares of the construction company's stock valued at $55,000 after purchasing an additional 354 shares during the period. Hedge funds and other institutional investors own 85.41% of the company's stock.

Analyst Upgrades and Downgrades

ACM has been the topic of a number of research analyst reports. Royal Bank Of Canada lifted their target price on AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Barclays lifted their target price on AECOM from $120.00 to $130.00 and gave the company an "overweight" rating in a research report on Tuesday. Robert W. Baird lifted their target price on AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Bank of America lifted their target price on AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Finally, UBS Group boosted their price objective on AECOM from $126.00 to $139.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, AECOM currently has an average rating of "Buy" and a consensus price target of $128.44.

AECOM Trading Down 1.5%

Shares of ACM stock traded down $1.79 on Thursday, hitting $120.23. The stock had a trading volume of 606,122 shares, compared to its average volume of 993,386. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $15.92 billion, a P/E ratio of 26.19, a P/E/G ratio of 1.79 and a beta of 0.99. AECOM has a 1 year low of $85.00 and a 1 year high of $122.04. The company's 50 day moving average price is $113.84 and its 200-day moving average price is $104.66.

AECOM (NYSE:ACM - Get Free Report) last released its earnings results on Monday, August 4th. The construction company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.25 by $0.09. AECOM had a return on equity of 27.87% and a net margin of 3.82%. The firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $4.33 billion. During the same period in the previous year, the firm posted $1.16 EPS. AECOM's revenue for the quarter was up 6.2% on a year-over-year basis. Analysts anticipate that AECOM will post 5.1 earnings per share for the current year.

AECOM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Wednesday, July 2nd were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, July 2nd. AECOM's payout ratio is presently 22.66%.

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.