Pinebridge Investments L.P. Boosts Holdings in AECOM (NYSE:ACM)

Pinebridge Investments L.P. increased its position in shares of AECOM (NYSE:ACM - Free Report) by 42.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,762 shares of the construction company's stock after buying an additional 11,602 shares during the period. Pinebridge Investments L.P.'s holdings in AECOM were worth $4,141,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its stake in shares of AECOM by 1.5% during the third quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company's stock worth $655,000 after purchasing an additional 91 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new stake in AECOM during the 3rd quarter worth about $2,928,000. JPMorgan Chase & Co. boosted its position in shares of AECOM by 40.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company's stock worth $79,339,000 after acquiring an additional 220,035 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of AECOM by 35.3% in the 4th quarter. GAMMA Investing LLC now owns 1,528 shares of the construction company's stock valued at $163,000 after acquiring an additional 399 shares during the last quarter. Finally, Everence Capital Management Inc. acquired a new stake in shares of AECOM during the 4th quarter worth about $458,000. Institutional investors and hedge funds own 85.41% of the company's stock.

AECOM Price Performance

AECOM stock traded up $1.95 during mid-day trading on Thursday, hitting $100.60. 295,003 shares of the company were exchanged, compared to its average volume of 908,153. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56. The company has a market capitalization of $13.34 billion, a P/E ratio of 28.58, a PEG ratio of 1.63 and a beta of 1.03. The business's 50 day simple moving average is $94.70 and its two-hundred day simple moving average is $103.71. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14.

AECOM (NYSE:ACM - Get Free Report) last announced its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. Analysts forecast that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd were paid a $0.26 dividend. The ex-dividend date was Wednesday, April 2nd. This represents a $1.04 annualized dividend and a yield of 1.03%. AECOM's payout ratio is currently 29.55%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ACM. KeyCorp dropped their target price on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Barclays boosted their target price on AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Truist Financial reduced their price objective on AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Robert W. Baird reduced their price target 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. Finally, Citigroup dropped their price target on AECOM from $127.00 to $116.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently 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.