Lazard Asset Management LLC Purchases New Shares in AECOM (NYSE:ACM)

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

A number of other hedge funds have also recently bought and sold shares of the company. Ranch Capital Advisors Inc. boosted its position in AECOM by 2.3% during the fourth quarter. Ranch Capital Advisors Inc. now owns 4,482 shares of the construction company's stock worth $479,000 after acquiring an additional 99 shares during the last quarter. Brown Brothers Harriman & Co. raised its stake in AECOM by 17.5% during the fourth quarter. Brown Brothers Harriman & Co. now owns 691 shares of the construction company's stock worth $74,000 after purchasing an additional 103 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in AECOM by 1.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company's stock worth $809,000 after purchasing an additional 109 shares during the period. Avitas Wealth Management LLC raised its stake in AECOM by 0.6% during the fourth quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company's stock worth $2,023,000 after purchasing an additional 110 shares during the period. Finally, Principal Securities Inc. raised its stake in AECOM by 95.9% during the fourth quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock worth $25,000 after purchasing an additional 116 shares during the period. Institutional investors and hedge funds own 85.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ACM shares. Robert W. Baird increased their price target on shares of AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Royal Bank of Canada increased their price target on shares of AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. KeyCorp cut their price target on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. 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 research note on Tuesday, April 8th. Finally, Barclays increased their price target on shares of AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $119.00.

AECOM Trading Up 1.1%

Shares of ACM stock traded up $1.20 during mid-day trading on Friday, reaching $109.48. The company's stock had a trading volume of 710,407 shares, compared to its average volume of 917,489. The company's 50 day simple moving average is $96.63 and its 200-day simple moving average is $103.53. 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. The firm has a market capitalization of $14.48 billion, a PE ratio of 31.10, a price-to-earnings-growth ratio of 1.63 and a beta of 0.96.

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

AECOM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Wednesday, April 2nd. AECOM's payout ratio 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.