Deutsche Bank AG Boosts Stock Position in AECOM (NYSE:ACM)

Key Points

• Deutsche Bank AG has increased its stake in AECOM by 2.7%, owning a total of 1,144,329 shares worth $106.1 million after purchasing an additional 29,748 shares.
• Several other institutional investors, including UBS AM and Northern Trust Corp, have also significantly raised their stakes in AECOM during the fourth quarter.
• Analysts show strong confidence in AECOM, with multiple firms raising their price targets, leading to a consensus rating of "Buy" and an average target price of $127.33.

Deutsche Bank AG increased its position in AECOM (NYSE:ACM - Free Report) by 2.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,144,329 shares of the construction company's stock after purchasing an additional 29,748 shares during the quarter. Deutsche Bank AG owned approximately 0.86% of AECOM worth $106,114,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ACM. Wellington Management Group LLP lifted its stake in shares of AECOM by 5.0% during the 4th quarter. Wellington Management Group LLP now owns 12,602 shares of the construction company's stock worth $1,346,000 after purchasing an additional 603 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of AECOM by 9.4% during the 4th quarter. Franklin Resources Inc. now owns 6,742 shares of the construction company's stock worth $720,000 after purchasing an additional 580 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of AECOM by 0.4% during the 4th quarter. Wells Fargo & Company MN now owns 125,443 shares of the construction company's stock worth $13,400,000 after purchasing an additional 520 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of AECOM by 33.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 108,758 shares of the construction company's stock worth $11,618,000 after purchasing an additional 27,117 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of AECOM by 2.9% during the 4th quarter. FMR LLC now owns 1,360,510 shares of the construction company's stock worth $145,330,000 after purchasing an additional 38,177 shares during the last quarter. Institutional investors own 85.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Citigroup restated a "buy" rating and set a $137.00 target price (up from $122.00) on shares of AECOM in a research note on Monday, July 28th. KeyCorp boosted their target price on AECOM from $129.00 to $131.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. UBS Group boosted their target price on AECOM from $126.00 to $139.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Royal Bank Of Canada boosted their target price on AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Finally, Robert W. Baird boosted their target price on AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, AECOM currently has an average rating of "Buy" and a consensus target price of $128.44.

AECOM Stock Performance

AECOM stock traded up $1.10 during midday trading on Wednesday, hitting $121.98. 829,915 shares of the company were exchanged, compared to its average volume of 995,907. The firm has a market capitalization of $16.16 billion, a PE ratio of 26.58, a price-to-earnings-growth ratio of 1.77 and a beta of 0.99. AECOM has a fifty-two week low of $85.00 and a fifty-two week high of $122.04. The business has a fifty day simple moving average of $113.62 and a two-hundred day simple moving average of $104.54. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17.

AECOM (NYSE:ACM - Get Free Report) last posted 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. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $4.33 billion. AECOM had a return on equity of 27.87% and a net margin of 3.82%. AECOM's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the company earned $1.16 earnings per share. On average, sell-side analysts forecast that AECOM will post 5.1 earnings per share for the current year.

AECOM Dividend Announcement

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

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.