Advisors Asset Management Inc. Raises Holdings in AECOM (NYSE:ACM)

Advisors Asset Management Inc. increased its position in AECOM (NYSE:ACM) by 10.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 44,537 shares of the construction company’s stock after acquiring an additional 4,147 shares during the quarter. Advisors Asset Management Inc.’s holdings in AECOM were worth $4,757,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ACM. Franklin Resources Inc. increased its stake in shares of AECOM by 1.5% in 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. Ranch Capital Advisors Inc. boosted its holdings in AECOM by 2.3% in the 4th quarter. Ranch Capital Advisors Inc. now owns 4,482 shares of the construction company’s stock worth $479,000 after buying an additional 99 shares during the period. PNC Financial Services Group Inc. grew its stake in AECOM by 1.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 9,459 shares of the construction company’s stock valued at $977,000 after buying an additional 103 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in AECOM by 1.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company’s stock valued at $809,000 after acquiring an additional 109 shares during the period. Finally, Avitas Wealth Management LLC lifted its position in shares of AECOM by 0.6% during the fourth quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company’s stock worth $2,023,000 after acquiring an additional 110 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on ACM shares. Robert W. Baird decreased their price objective on AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. The Goldman Sachs Group started coverage on AECOM in a research report on Friday, November 22nd. They set a “buy” rating and a $130.00 price target on the stock. KeyCorp lowered their price target on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Truist Financial boosted their price objective on shares of AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Finally, Barclays increased 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 equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, AECOM currently has a consensus rating of “Buy” and an average target price of $120.38.

AECOM Price Performance

ACM stock opened at $96.16 on Thursday. The firm has a 50 day simple moving average of $102.26 and a two-hundred day simple moving average of $105.20. The stock has a market cap of $12.75 billion, a PE ratio of 27.32, a P/E/G ratio of 1.63 and a beta of 1.22. AECOM has a one year low of $82.23 and a one year high of $118.56. 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) last released its earnings results 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 return on equity of 26.84% and a net margin of 2.93%. On average, analysts predict that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd will be given a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 1.08%. AECOM’s payout ratio is 29.55%.

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.