First Trust Advisors LP Boosts Stock Position in AECOM (NYSE:ACM)

First Trust Advisors LP raised its position in AECOM (NYSE:ACM - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 660,907 shares of the construction company's stock after buying an additional 13,114 shares during the period. First Trust Advisors LP owned 0.50% of AECOM worth $70,598,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ACM. Norges Bank purchased a new stake in AECOM in the 4th quarter valued at about $190,495,000. Alliancebernstein L.P. increased its stake in AECOM by 11.2% in the 4th 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 last quarter. Sandhill Capital Partners LLC purchased a new stake in AECOM in the 4th quarter valued at about $36,933,000. JPMorgan Chase & Co. increased its stake in AECOM by 40.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company's stock valued at $79,339,000 after buying an additional 220,035 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its position in shares of AECOM by 58.1% during the 4th quarter. Teacher Retirement System of Texas now owns 349,991 shares of the construction company's stock valued at $37,386,000 after acquiring an additional 128,580 shares during the period. Hedge funds and other institutional investors own 85.41% of the company's stock.

AECOM Stock Performance

ACM traded down $0.31 on Friday, hitting $97.34. The company's stock had a trading volume of 548,703 shares, compared to its average volume of 910,002. The company's 50 day simple moving average is $94.78 and its 200-day simple moving average is $103.84. The firm has a market cap of $12.91 billion, a P/E ratio of 27.65, a price-to-earnings-growth ratio of 1.63 and a beta of 1.03. AECOM has a 12 month low of $82.23 and a 12 month 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.

AECOM (NYSE:ACM - Get Free Report) last announced its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. Analysts forecast that AECOM will post 5.1 EPS for the current year.

AECOM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend was Wednesday, April 2nd. AECOM's payout ratio is 29.55%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ACM. KeyCorp reduced their target price 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 increased their target price 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. Citigroup reduced their target price on shares of AECOM from $127.00 to $116.00 and set a "buy" rating for the company in a research report on Friday. Robert W. Baird reduced their target price on shares of AECOM from $125.00 to $117.00 and set an "outperform" rating for the company in a research report on Tuesday, February 4th. Finally, Truist Financial reduced their target price 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, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $116.50.

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.