The Manufacturers Life Insurance Company Boosts Stock Holdings in AECOM (NYSE:ACM)

The Manufacturers Life Insurance Company raised its stake in shares of AECOM (NYSE:ACM - Free Report) by 64.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 179,414 shares of the construction company's stock after purchasing an additional 69,991 shares during the period. The Manufacturers Life Insurance Company owned 0.14% of AECOM worth $19,165,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ACM. Alliancebernstein L.P. lifted its holdings in AECOM by 11.2% in the 4th quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company's stock worth $397,196,000 after purchasing an additional 373,991 shares in the last quarter. Norges Bank purchased a new position in AECOM during the fourth quarter valued at $190,495,000. FMR LLC increased its holdings 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 acquiring an additional 38,177 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings 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 acquiring an additional 94,880 shares during the last quarter. Finally, Mariner LLC boosted its holdings in shares of AECOM by 3.9% during the 4th quarter. Mariner LLC now owns 1,083,908 shares of the construction company's stock valued at $115,786,000 after purchasing an additional 40,228 shares during the last quarter. Institutional investors own 85.41% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Barclays boosted their target price on shares of AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Citigroup lowered their price objective on AECOM from $127.00 to $116.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Truist Financial cut their target price on AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. 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, Robert W. Baird lifted their price target on shares of AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a research note on Tuesday. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $116.63.

AECOM Price Performance

NYSE ACM traded up $0.76 during trading hours on Tuesday, reaching $102.94. The company's stock had a trading volume of 1,113,244 shares, compared to its average volume of 916,961. The firm has a market capitalization of $13.65 billion, a price-to-earnings ratio of 29.24, a P/E/G ratio of 1.63 and a beta of 0.96. The company's 50-day moving average is $94.97 and its two-hundred day moving average is $103.55. 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 has a 1-year low of $82.23 and a 1-year high of $118.56.

AECOM (NYSE:ACM - Get Free Report) last announced its earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.10. The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $4.18 billion. AECOM had a net margin of 2.93% and a return on equity of 26.84%. The company's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.04 earnings per share. On average, equities analysts predict that AECOM will post 5.1 EPS for the current year.

AECOM Announces Dividend

The business 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. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Wednesday, April 2nd. AECOM's dividend payout ratio (DPR) is presently 29.55%.

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.