Intech Investment Management LLC Boosts Holdings in AECOM (NYSE:ACM)

Intech Investment Management LLC grew its stake in shares of AECOM (NYSE:ACM) by 29.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,333 shares of the construction company’s stock after purchasing an additional 18,283 shares during the period. Intech Investment Management LLC owned approximately 0.06% of AECOM worth $8,581,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Franklin Resources Inc. grew its holdings in shares of AECOM by 1.5% during the 3rd quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company’s stock worth $655,000 after acquiring an additional 91 shares during the period. Ranch Capital Advisors Inc. grew its stake in AECOM by 2.3% in the fourth quarter. Ranch Capital Advisors Inc. now owns 4,482 shares of the construction company’s stock worth $479,000 after purchasing an additional 99 shares during the period. PNC Financial Services Group Inc. raised its holdings in AECOM by 1.1% in the third quarter. PNC Financial Services Group Inc. now owns 9,459 shares of the construction company’s stock worth $977,000 after purchasing an additional 103 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in AECOM by 1.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company’s stock valued at $809,000 after buying an additional 109 shares during the period. Finally, Avitas Wealth Management LLC boosted its holdings in shares of AECOM by 0.6% during the 4th quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company’s stock valued at $2,023,000 after buying an additional 110 shares in the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Robert W. Baird lowered 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. Truist Financial lifted their target price on shares of AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Citigroup cut their price target on AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. The Goldman Sachs Group started coverage on AECOM in a research note on Friday, November 22nd. They set a “buy” rating and a $130.00 price objective for the company. Finally, Barclays increased their target price on AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $120.38.

AECOM Stock Down 0.3 %

AECOM stock opened at $95.34 on Wednesday. The firm has a market cap of $12.65 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 1.63 and a beta of 1.22. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56. The stock has a fifty day simple moving average of $102.48 and a two-hundred day simple moving average of $105.26.

AECOM (NYSE:ACM) last issued its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, topping 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%. Equities analysts predict that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Wednesday, April 2nd. AECOM’s dividend payout ratio is currently 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.