Nuveen Asset Management LLC Increases Holdings in AECOM (NYSE:ACM)

Nuveen Asset Management LLC increased its stake in AECOM (NYSE:ACM - Free Report) by 22.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 797,076 shares of the construction company's stock after acquiring an additional 144,563 shares during the period. Nuveen Asset Management LLC owned about 0.60% of AECOM worth $85,144,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Securities Inc. grew its position in AECOM by 95.9% in the fourth quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock worth $25,000 after acquiring an additional 116 shares in the last quarter. Allworth Financial LP grew its position in AECOM by 390.6% in the fourth quarter. Allworth Financial LP now owns 260 shares of the construction company's stock worth $29,000 after acquiring an additional 207 shares in the last quarter. National Pension Service purchased a new position in AECOM in the fourth quarter worth $32,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in AECOM in the fourth quarter worth $35,000. Finally, Wingate Wealth Advisors Inc. purchased a new position in AECOM in the fourth quarter worth $51,000. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ACM shares. Royal Bank of Canada upped their target price on shares of AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. KeyCorp cut their price target on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Barclays upped their price target 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. Robert W. Baird upped their price target on shares of AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Finally, Truist Financial cut their price target on shares of AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $119.00.

AECOM Trading Up 0.1%

NYSE ACM traded up $0.15 during trading on Friday, hitting $107.52. 537,047 shares of the company's stock traded hands, compared to its average volume of 916,357. The firm has a market cap of $14.23 billion, a P/E ratio of 30.55, a PEG ratio of 1.63 and a beta of 0.96. The stock has a fifty day moving average of $97.95 and a two-hundred day moving average of $103.56. 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 has a 12-month low of $82.23 and a 12-month high of $118.56.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the prior year, the firm earned $1.04 earnings per share. AECOM's revenue was up 2.6% on a year-over-year basis. As a group, sell-side analysts expect that AECOM will post 5.1 EPS for the current year.

AECOM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Wednesday, April 2nd. AECOM's payout ratio is currently 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.