Global Retirement Partners LLC acquired a new position in AECOM (NYSE:ACM – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,228 shares of the construction company’s stock, valued at approximately $251,000.
Several other institutional investors have also recently added to or reduced their stakes in ACM. Jefferies Financial Group Inc. lifted its position in shares of AECOM by 1,042.1% in the 2nd quarter. Jefferies Financial Group Inc. now owns 47,250 shares of the construction company’s stock worth $5,333,000 after buying an additional 43,113 shares during the last quarter. Prudential Financial Inc. raised its stake in AECOM by 90.5% during the second quarter. Prudential Financial Inc. now owns 49,528 shares of the construction company’s stock worth $5,590,000 after acquiring an additional 23,524 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in AECOM by 1.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 900,113 shares of the construction company’s stock worth $101,587,000 after acquiring an additional 10,160 shares during the last quarter. American Century Companies Inc. boosted its stake in AECOM by 343.3% in the second quarter. American Century Companies Inc. now owns 38,810 shares of the construction company’s stock valued at $4,380,000 after acquiring an additional 30,055 shares during the period. Finally, Journey Strategic Wealth LLC acquired a new position in AECOM in the second quarter valued at approximately $275,000. Institutional investors own 85.41% of the company’s stock.
AECOM Price Performance
Shares of ACM opened at $101.49 on Tuesday. AECOM has a one year low of $85.00 and a one year high of $135.52. The stock’s fifty day moving average is $126.61 and its 200-day moving average is $120.11. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market capitalization of $13.44 billion, a price-to-earnings ratio of 22.11, a price-to-earnings-growth ratio of 1.96 and a beta of 1.06.
AECOM Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Wednesday, January 7th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 7th. This is a positive change from AECOM’s previous quarterly dividend of $0.26. This represents a $1.24 annualized dividend and a yield of 1.2%. AECOM’s dividend payout ratio is presently 29.45%.
Analysts Set New Price Targets
ACM has been the topic of a number of research reports. Citigroup increased their price target on AECOM from $150.00 to $152.00 and gave the stock a “buy” rating in a research report on Wednesday, November 19th. Barclays dropped their target price on AECOM from $145.00 to $135.00 and set an “overweight” rating on the stock in a research report on Thursday, November 20th. Bank of America boosted their price target on shares of AECOM from $112.50 to $124.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Wall Street Zen cut shares of AECOM from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Finally, KeyCorp boosted their target price on shares of AECOM from $131.00 to $144.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, AECOM has a consensus rating of “Moderate Buy” and a consensus price target of $141.90.
Get Our Latest Analysis on ACM
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.
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