Nomura Holdings Inc. Makes New Investment in AECOM (NYSE:ACM)

Nomura Holdings Inc. acquired a new position in AECOM (NYSE:ACM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 17,789 shares of the construction company's stock, valued at approximately $1,900,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. grew its holdings in shares of AECOM by 11.2% in the fourth quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company's stock valued at $397,196,000 after acquiring an additional 373,991 shares in the last quarter. Norges Bank bought a new stake in AECOM during the fourth quarter worth $190,495,000. Northern Trust Corp boosted its position in AECOM by 53.5% in the fourth quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company's stock worth $177,844,000 after purchasing an additional 580,078 shares during the last quarter. FMR LLC grew its stake in AECOM by 2.9% in the 4th quarter. FMR LLC now owns 1,360,510 shares of the construction company's stock valued at $145,330,000 after purchasing an additional 38,177 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in AECOM by 8.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,205,920 shares of the construction company's stock valued at $128,820,000 after purchasing an additional 94,880 shares during the period. Hedge funds and other institutional investors own 85.41% of the company's stock.

Analyst Upgrades and Downgrades

ACM has been the topic of a number of recent analyst reports. Royal Bank of Canada lifted their target price on AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Barclays lifted their price objective on shares of AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Citigroup increased their target price on shares of AECOM from $116.00 to $122.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Truist Financial decreased their price target on shares of AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, KeyCorp dropped their price objective on AECOM from $121.00 to $109.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, AECOM currently has a consensus rating of "Buy" and an average price target of $119.00.

AECOM Stock Performance

NYSE:ACM traded down $0.57 on Thursday, reaching $106.87. 95,487 shares of the company's stock were exchanged, compared to its average volume of 914,632. The firm has a market cap of $14.14 billion, a price-to-earnings ratio of 30.37, a P/E/G ratio of 1.63 and a beta of 0.96. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a fifty day simple moving average of $97.48 and a 200-day simple moving average of $103.58. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The construction company reported $1.25 EPS 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 period last year, the firm earned $1.04 EPS. AECOM's revenue for the quarter was up 2.6% on a year-over-year basis. As a group, sell-side analysts predict that AECOM will post 5.1 earnings per share for the current year.

AECOM Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Wednesday, April 2nd. AECOM's dividend payout ratio (DPR) is presently 22.66%.

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.