Cetera Investment Advisers Purchases 6,032 Shares of AECOM (NYSE:ACM)

Cetera Investment Advisers lifted its stake in AECOM (NYSE:ACM - Free Report) by 38.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,549 shares of the construction company's stock after acquiring an additional 6,032 shares during the quarter. Cetera Investment Advisers' holdings in AECOM were worth $2,302,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of ACM. Norges Bank bought a new stake in AECOM in the fourth quarter valued at approximately $190,495,000. Northern Trust Corp raised its stake in AECOM by 53.5% in the fourth quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company's stock valued at $177,844,000 after buying an additional 580,078 shares during the period. Alliancebernstein L.P. raised its stake in AECOM by 11.2% in the fourth quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company's stock valued at $397,196,000 after buying an additional 373,991 shares during the period. Sandhill Capital Partners LLC bought a new stake in AECOM in the fourth quarter valued at approximately $36,933,000. Finally, Schonfeld Strategic Advisors LLC raised its stake in AECOM by 2,169.6% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 140,649 shares of the construction company's stock valued at $15,024,000 after buying an additional 134,452 shares during the period. Institutional investors and hedge funds own 85.41% of the company's stock.

AECOM Price Performance

NYSE ACM traded up $0.15 on Friday, hitting $107.52. 537,047 shares of the company's stock were exchanged, compared to its average volume of 917,583. The stock has a 50-day moving average of $97.95 and a 200-day moving average of $103.48. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56. The stock has a market cap of $14.23 billion, a price-to-earnings ratio of 30.55, a P/E/G ratio of 1.63 and a beta of 0.96.

AECOM (NYSE:ACM - Get Free Report) last released its earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.10. AECOM had a return on equity of 26.84% and a net margin of 2.93%. The firm had revenue of $3.77 billion during the quarter, compared to analysts' expectations of $4.18 billion. During the same period in the prior year, the company earned $1.04 earnings per share. The company's quarterly revenue was up 2.6% on a year-over-year basis. Analysts expect that AECOM will post 5.1 earnings per share for the current year.

AECOM Announces Dividend

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

Wall Street Analyst Weigh In

ACM has been the topic of several research analyst reports. Truist Financial dropped their price objective on AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. KeyCorp decreased their target price on AECOM from $121.00 to $109.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Royal Bank of Canada upped 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. Robert W. Baird upped 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. Finally, Barclays upped their target price on AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $120.86.

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.