KBC Group NV Buys 18,612 Shares of AECOM (NYSE:ACM)

KBC Group NV grew its position in shares of AECOM (NYSE:ACM - Free Report) by 96.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,867 shares of the construction company's stock after purchasing an additional 18,612 shares during the quarter. KBC Group NV's holdings in AECOM were worth $3,511,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in AECOM in the 4th quarter valued at approximately $190,495,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in AECOM by 34.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,258 shares of the construction company's stock valued at $286,305,000 after acquiring an additional 691,020 shares during the period. Northern Trust Corp raised its stake in shares of AECOM by 53.5% during the fourth quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company's stock valued at $177,844,000 after acquiring an additional 580,078 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of AECOM by 11.2% during 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. Finally, Sandhill Capital Partners LLC acquired a new position in shares of AECOM during the fourth quarter worth $36,933,000. 85.41% of the stock is currently owned by institutional investors.

AECOM Trading Up 1.2%

Shares of ACM stock traded up $1.33 during mid-day trading on Friday, hitting $115.79. The company's stock had a trading volume of 441,531 shares, compared to its average volume of 928,129. The company has a market cap of $15.32 billion, a PE ratio of 25.23, a P/E/G ratio of 1.87 and a beta of 0.96. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.15 and a current ratio of 1.15. The company's fifty day simple moving average is $108.67 and its 200-day simple moving average is $103.29. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56.

AECOM (NYSE:ACM - Get Free Report) last released its earnings results on Monday, May 5th. The construction company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.15 by $0.10. The business had revenue of $3.77 billion during the quarter, compared to analysts' expectations of $4.18 billion. AECOM had a return on equity of 27.67% and a net margin of 3.85%. The firm's revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.04 earnings per share. As a group, equities research analysts expect that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Wednesday, July 2nd will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Wednesday, July 2nd. AECOM's dividend payout ratio (DPR) is 22.66%.

Analyst Ratings Changes

A number of analysts recently weighed in on ACM shares. Truist Financial decreased their price objective on AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Royal Bank Of Canada upped their price target on AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Robert W. Baird raised their price objective on AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. KeyCorp cut their price objective on AECOM from $121.00 to $109.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Citigroup increased their target price on shares of AECOM from $116.00 to $122.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $120.86.

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.