Mackenzie Financial Corp Trims Stake in AECOM (NYSE:ACM)

Key Points

• Mackenzie Financial Corp reduced its stake in AECOM by 19.3% during the first quarter, holding 9,382 shares valued at $870,000.
• AECOM's stock has increased by 6.3%, currently trading at $118.95, with a market cap of $15.74 billion.
• The company recently declared a quarterly dividend of $0.26 per share, translating to an annual yield of 0.9%.

Mackenzie Financial Corp lowered its position in shares of AECOM (NYSE:ACM - Free Report) by 19.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,382 shares of the construction company's stock after selling 2,247 shares during the quarter. Mackenzie Financial Corp's holdings in AECOM were worth $870,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of ACM. Marshall & Sterling Wealth Advisors Inc. acquired a new position in AECOM in the fourth quarter valued at about $35,000. Private Trust Co. NA lifted its stake in AECOM by 37.2% in the 1st 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 last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of AECOM by 148.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 592 shares of the construction company's stock worth $55,000 after buying an additional 354 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new position in shares of AECOM during the fourth quarter worth $62,000. Finally, Olde Wealth Management LLC bought a new position in shares of AECOM in the 1st quarter valued at $77,000. 85.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ACM shares. Robert W. Baird lifted their target price on shares of AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. KeyCorp increased their price objective on AECOM from $129.00 to $131.00 and gave the company an "overweight" rating in a report on Wednesday. Bank of America raised their target price on AECOM from $112.50 to $124.00 and gave the stock a "buy" rating in a research report on Tuesday. Citigroup reiterated a "buy" rating and issued a $137.00 price target (up previously from $122.00) on shares of AECOM in a research report on Monday, July 28th. Finally, UBS Group lifted their price objective on AECOM from $126.00 to $139.00 and gave the stock a "buy" rating in a research note on Wednesday. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $127.33.

AECOM Stock Up 0.1%

ACM traded up $0.16 during trading on Thursday, hitting $118.99. 680,022 shares of the company's stock were exchanged, compared to its average volume of 953,526. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. The stock has a market cap of $15.74 billion, a P/E ratio of 22.99, a PEG ratio of 1.76 and a beta of 0.99. The business's 50 day moving average is $113.05 and its two-hundred day moving average is $104.37. AECOM has a fifty-two week low of $85.00 and a fifty-two week high of $121.73.

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

AECOM Dividend Announcement

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