Northern Trust Corp boosted its holdings in AECOM (NYSE:ACM - Free Report) by 53.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,664,893 shares of the construction company's stock after purchasing an additional 580,078 shares during the period. Northern Trust Corp owned about 1.26% of AECOM worth $177,844,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Ranch Capital Advisors Inc. grew its holdings 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 purchasing an additional 99 shares during the period. Brown Brothers Harriman & Co. boosted its holdings in AECOM by 17.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 691 shares of the construction company's stock valued at $74,000 after purchasing an additional 103 shares during the period. Wealth Enhancement Advisory Services LLC grew its position 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 buying an additional 109 shares in the last quarter. Avitas Wealth Management LLC raised its stake in AECOM by 0.6% in the fourth quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company's stock valued at $2,023,000 after purchasing an additional 110 shares in the last quarter. Finally, Principal Securities Inc. lifted its holdings in shares of AECOM by 95.9% during the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock worth $25,000 after acquiring an additional 116 shares during the period. Institutional investors and hedge funds own 85.41% of the company's stock.
AECOM Trading Up 2.2 %
Shares of ACM stock traded up $2.17 during trading hours on Friday, hitting $102.42. 1,324,814 shares of the company's stock traded hands, compared to its average volume of 916,878. The stock has a market cap of $13.58 billion, a PE ratio of 29.10, a price-to-earnings-growth ratio of 1.63 and a beta of 1.03. 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 has a 12 month low of $82.23 and a 12 month high of $118.56. The stock's 50 day simple moving average is $94.90 and its 200 day simple moving average is $103.62.
AECOM (NYSE:ACM - Get Free Report) last posted its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. On average, sell-side analysts anticipate that AECOM will post 5.1 EPS for the current year.
AECOM Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $1.04 annualized dividend and a dividend yield of 1.02%. AECOM's dividend payout ratio is currently 29.55%.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the company. Truist Financial decreased their price target on AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Citigroup dropped their target price on shares of AECOM from $127.00 to $116.00 and set a "buy" rating for the company in a report on Friday, April 25th. Robert W. Baird decreased their price target on shares of AECOM from $125.00 to $117.00 and set an "outperform" rating on the stock in a report on Tuesday, February 4th. KeyCorp dropped their price objective on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, Barclays boosted their target price 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 MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $116.50.
Check Out Our Latest Analysis on ACM
AECOM Profile
(
Free Report)
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.
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