UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 691,020 Shares of AECOM (NYSE:ACM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of AECOM (NYSE:ACM - Free Report) by 34.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,680,258 shares of the construction company's stock after purchasing an additional 691,020 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 2.02% of AECOM worth $286,305,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Principal Securities Inc. raised its holdings in shares of AECOM by 95.9% in the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock valued at $25,000 after acquiring an additional 116 shares in the last quarter. Allworth Financial LP lifted its stake in shares of AECOM by 390.6% in the 4th quarter. Allworth Financial LP now owns 260 shares of the construction company's stock valued at $29,000 after acquiring an additional 207 shares during the last quarter. National Pension Service bought a new stake in AECOM in the fourth quarter valued at approximately $32,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in AECOM during the 4th quarter valued at $35,000. Finally, Wingate Wealth Advisors Inc. purchased a new stake in shares of AECOM during the fourth quarter worth about $51,000. 85.41% of the stock is currently owned by institutional investors.

AECOM Stock Performance

ACM traded up $1.19 during midday trading on Tuesday, reaching $108.79. The company had a trading volume of 142,787 shares, compared to its average volume of 914,539. AECOM has a 1 year low of $82.23 and a 1 year high of $118.56. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. The company has a market cap of $14.39 billion, a P/E ratio of 30.92, a P/E/G ratio of 1.63 and a beta of 0.96. The business has a 50-day moving average of $98.18 and a two-hundred day moving average of $103.41.

AECOM (NYSE:ACM - Get Free Report) last issued 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 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 quarter in the prior year, the firm posted $1.04 EPS. AECOM's quarterly revenue was up 2.6% compared to the same quarter last year. As a group, equities research analysts predict that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $1.04 annualized dividend and a yield of 0.96%. AECOM's payout ratio is 22.66%.

Analysts Set New Price Targets

Several research firms recently weighed in on ACM. Truist Financial cut their price target on shares of AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Royal Bank of Canada upped their price target on AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. 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 report on Tuesday, May 6th. KeyCorp dropped their price objective on AECOM from $121.00 to $109.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, Barclays raised their target price on shares of AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $120.86.

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.