Mackenzie Financial Corp Invests $965,000 in AECOM (NYSE:ACM)

Mackenzie Financial Corp acquired a new position in AECOM (NYSE:ACM - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,436 shares of the construction company's stock, valued at approximately $965,000.

A number of other institutional investors and hedge funds have also modified their holdings of ACM. Payden & Rygel Investment Group acquired a new stake in shares of AECOM in the third quarter worth $24,669,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in AECOM by 868.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 143,554 shares of the construction company's stock valued at $11,921,000 after purchasing an additional 128,728 shares during the last quarter. Impax Asset Management Group plc raised its stake in AECOM by 6.9% during the 3rd quarter. Impax Asset Management Group plc now owns 1,628,534 shares of the construction company's stock valued at $135,233,000 after purchasing an additional 105,454 shares during the last quarter. UBS Group AG raised its stake in AECOM by 13.8% during the 3rd quarter. UBS Group AG now owns 833,707 shares of the construction company's stock valued at $69,231,000 after purchasing an additional 100,875 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new position in AECOM during the 3rd quarter valued at $6,784,000. 85.41% of the stock is currently owned by institutional investors and hedge funds.

AECOM Price Performance

Shares of ACM traded up $0.43 during trading hours on Friday, hitting $94.02. The stock had a trading volume of 613,134 shares, compared to its average volume of 734,056. The company's fifty day moving average is $93.10 and its two-hundred day moving average is $88.96. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.05 and a quick ratio of 1.05. AECOM has a 52 week low of $74.40 and a 52 week high of $98.72. The stock has a market capitalization of $12.79 billion, a price-to-earnings ratio of 210.07, a P/E/G ratio of 1.40 and a beta of 1.24.

AECOM (NYSE:ACM - Get Free Report) last posted its earnings results on Tuesday, February 6th. The construction company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.13. AECOM had a net margin of 0.42% and a return on equity of 21.45%. The business had revenue of $3.90 billion for the quarter. During the same period in the previous year, the company posted $0.86 EPS. On average, analysts anticipate that AECOM will post 4.43 EPS for the current year.

AECOM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Wednesday, April 24th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Tuesday, April 23rd. AECOM's dividend payout ratio is currently 195.56%.

Wall Street Analyst Weigh In

ACM has been the subject of several research analyst reports. Barclays upped their target price on shares of AECOM from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Tuesday, February 13th. Citigroup upped their target price on shares of AECOM from $107.00 to $116.00 and gave the company a "buy" rating in a research note on Monday. TheStreet upgraded shares of AECOM from a "c+" rating to a "b" rating in a research note on Monday, February 5th. Robert W. Baird upped their target price on shares of AECOM from $100.00 to $103.00 and gave the company an "outperform" rating in a research note on Tuesday, February 6th. Finally, KeyCorp boosted their price target on shares of AECOM from $104.00 to $105.00 and gave the company an "overweight" rating in a report on Friday, April 19th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, AECOM presently has an average rating of "Buy" and a consensus price target of $105.43.

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.