AECOM (NYSE:ACM) Stock Position Decreased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lowered its position in AECOM (NYSE:ACM - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 732,452 shares of the construction company's stock after selling 10,941 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.54% of AECOM worth $67,701,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in AECOM by 17.7% in the first quarter. BlackRock Inc. now owns 15,881,712 shares of the construction company's stock valued at $1,339,146,000 after purchasing an additional 2,384,361 shares during the period. State Street Corp lifted its position in shares of AECOM by 5.9% during the 2nd quarter. State Street Corp now owns 4,833,820 shares of the construction company's stock valued at $409,376,000 after acquiring an additional 269,202 shares during the period. Invesco Ltd. lifted its position in shares of AECOM by 39.2% during the 1st quarter. Invesco Ltd. now owns 3,456,275 shares of the construction company's stock valued at $265,478,000 after acquiring an additional 972,449 shares during the period. Moneta Group Investment Advisors LLC lifted its position in shares of AECOM by 106,750.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 3,422,418 shares of the construction company's stock valued at $290,666,000 after acquiring an additional 3,419,215 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of AECOM by 106.4% during the 1st quarter. JPMorgan Chase & Co. now owns 3,315,066 shares of the construction company's stock valued at $279,525,000 after acquiring an additional 1,709,275 shares during the period. Institutional investors and hedge funds own 85.41% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. TheStreet upgraded shares of AECOM from a "c+" rating to a "b" rating in a research report on Monday, February 5th. Truist Financial assumed coverage on shares of AECOM in a research report on Thursday, March 14th. They set a "buy" rating and a $106.00 price target for the company. KeyCorp assumed coverage on shares of AECOM in a research report on Wednesday, January 10th. They set an "overweight" rating and a $104.00 price target for the company. Robert W. Baird lifted their price target on shares of AECOM from $100.00 to $103.00 and gave the company an "outperform" rating in a research report on Tuesday, February 6th. Finally, Barclays lifted their price target on shares of AECOM from $90.00 to $100.00 and gave the company an "overweight" rating in a research report on Tuesday, February 13th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $102.00.

AECOM Price Performance

Shares of AECOM stock traded up $0.32 during trading on Friday, hitting $97.39. 562,885 shares of the company were exchanged, compared to its average volume of 796,135. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.87. AECOM has a fifty-two week low of $74.40 and a fifty-two week high of $98.72. The stock has a market capitalization of $13.25 billion, a price-to-earnings ratio of 216.43, a P/E/G ratio of 1.44 and a beta of 1.24. The firm has a 50 day moving average price of $91.72 and a 200 day moving average price of $87.82.

AECOM (NYSE:ACM - Get Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The construction company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.13. The firm had revenue of $3.90 billion during the quarter. AECOM had a return on equity of 21.45% and a net margin of 0.42%. During the same quarter in the prior year, the firm earned $0.86 earnings per share. On average, equities analysts expect that AECOM will post 4.45 earnings per share for the current fiscal year.

AECOM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Wednesday, April 24th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $0.88 annualized dividend and a yield of 0.90%. AECOM's payout ratio is currently 195.56%.

AECOM 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.