71,589 Shares in AECOM (NYSE:ACM) Acquired by Lazard Asset Management LLC

Lazard Asset Management LLC bought a new position in shares of AECOM (NYSE:ACM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 71,589 shares of the construction company's stock, valued at approximately $7,647,000. Lazard Asset Management LLC owned approximately 0.05% of AECOM as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of ACM. 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. Norges Bank bought a new position in shares of AECOM in the 4th quarter valued at about $190,495,000. Northern Trust Corp increased its position in shares of AECOM by 53.5% in the fourth quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company's stock valued at $177,844,000 after acquiring an additional 580,078 shares during the last quarter. FMR LLC raised its holdings in AECOM by 2.9% during the fourth quarter. FMR LLC now owns 1,360,510 shares of the construction company's stock worth $145,330,000 after acquiring an additional 38,177 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in AECOM by 8.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,205,920 shares of the construction company's stock worth $128,820,000 after acquiring an additional 94,880 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. KeyCorp lowered their price target on AECOM from $121.00 to $109.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Truist Financial lowered their target price 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. Robert W. Baird lifted their price objective 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. Citigroup upped their target price on shares of AECOM from $116.00 to $122.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Finally, Royal Bank of Canada lifted their price target on AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $119.00.

AECOM Stock Performance

AECOM stock traded down $0.10 during trading hours on Tuesday, hitting $108.83. The company had a trading volume of 273,569 shares, compared to its average volume of 913,999. AECOM has a one year low of $82.23 and a one year high of $118.56. The firm has a market cap of $14.40 billion, a PE ratio of 30.92, a PEG ratio of 1.63 and a beta of 0.96. The firm has a 50-day moving average of $96.92 and a 200 day moving average of $103.51. 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 released its quarterly 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. The business had revenue of $3.77 billion during the quarter, compared to analysts' expectations of $4.18 billion. AECOM had a return on equity of 26.84% and a net margin of 2.93%. The firm's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the firm posted $1.04 EPS. On average, sell-side analysts expect that AECOM will post 5.1 earnings per share for the current year.

AECOM Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Wednesday, April 2nd. AECOM's dividend payout ratio (DPR) is 22.66%.

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.