Jefferies Financial Group Inc. Buys Shares of 3,257 AECOM (NYSE:ACM)

Jefferies Financial Group Inc. acquired a new position in AECOM (NYSE:ACM - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,257 shares of the construction company's stock, valued at approximately $348,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in AECOM during the 4th quarter valued at about $190,495,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in AECOM by 34.7% during 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 purchasing an additional 691,020 shares during the period. Northern Trust Corp increased its position in AECOM by 53.5% during the 4th quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company's stock valued at $177,844,000 after purchasing an additional 580,078 shares during the period. Alliancebernstein L.P. increased its position in AECOM by 11.2% during the 4th quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company's stock valued at $397,196,000 after purchasing an additional 373,991 shares during the period. Finally, Sandhill Capital Partners LLC purchased a new position in AECOM during the 4th quarter valued at $36,933,000. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on ACM shares. Barclays boosted their price objective on shares of AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Royal Bank of Canada boosted their price objective on shares of AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. KeyCorp reduced their target price on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Citigroup upped their target price on shares of AECOM from $116.00 to $122.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Finally, Robert W. Baird upped 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. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $120.86.

AECOM Stock Up 1.3%

AECOM stock traded up $1.39 during mid-day trading on Tuesday, reaching $110.48. The stock had a trading volume of 432,448 shares, compared to its average volume of 908,104. AECOM has a one year low of $82.23 and a one year high of $118.56. The company has a 50-day moving average price of $99.59 and a two-hundred day moving average price of $103.38. The company has a market capitalization of $14.62 billion, a price-to-earnings ratio of 31.40, a PEG ratio of 1.63 and a beta of 0.96. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14.

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

AECOM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Wednesday, April 2nd. AECOM's dividend payout ratio (DPR) is 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.