MetLife Investment Management LLC Boosts Stock Position in AECOM (NYSE:ACM)

MetLife Investment Management LLC grew its holdings in AECOM (NYSE:ACM - Free Report) by 9.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 75,570 shares of the construction company's stock after buying an additional 6,249 shares during the period. MetLife Investment Management LLC owned 0.06% of AECOM worth $8,072,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Prudential Financial Inc. raised its position in shares of AECOM by 16.6% in the fourth quarter. Prudential Financial Inc. now owns 27,524 shares of the construction company's stock valued at $2,940,000 after buying an additional 3,921 shares during the last quarter. Magnus Financial Group LLC increased its position in AECOM by 93.5% during the fourth quarter. Magnus Financial Group LLC now owns 4,860 shares of the construction company's stock worth $519,000 after purchasing an additional 2,348 shares during the last quarter. JPMorgan Chase & Co. increased its position in AECOM by 40.1% during the third quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company's stock worth $79,339,000 after purchasing an additional 220,035 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in AECOM during the fourth quarter worth about $9,705,000. Finally, TT International Asset Management LTD acquired a new stake in AECOM during the fourth quarter worth about $3,578,000. 85.41% of the stock is currently owned by institutional investors and hedge funds.

AECOM Stock Down 0.3 %

Shares of NYSE:ACM traded down $0.31 during trading 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. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56. The business has a 50 day moving average price of $94.78 and a two-hundred day moving average price of $103.84. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $12.91 billion, a PE ratio of 27.65, a P/E/G ratio of 1.63 and a beta of 1.03.

AECOM (NYSE:ACM - Get Free Report) last posted its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. As a group, research analysts expect that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date was Wednesday, April 2nd. AECOM's dividend payout ratio is currently 29.55%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Robert W. Baird cut their price objective 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. KeyCorp reduced 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. Citigroup reduced their price target on shares of AECOM from $127.00 to $116.00 and set a "buy" rating on the stock in a research note on Friday. Barclays boosted their price target on shares of AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Finally, Truist Financial reduced 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. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average target price 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.