Wedge Capital Management L L P NC boosted its position in shares of AECOM (NYSE:ACM – Free Report) by 23.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 70,142 shares of the construction company’s stock after buying an additional 13,195 shares during the quarter. Wedge Capital Management L L P NC’s holdings in AECOM were worth $6,687,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the company. Vanguard Personalized Indexing Management LLC raised its stake in shares of AECOM by 0.6% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 13,124 shares of the construction company’s stock valued at $1,712,000 after acquiring an additional 77 shares during the period. Deseret Mutual Benefit Administrators boosted its stake in shares of AECOM by 10.8% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 997 shares of the construction company’s stock worth $130,000 after purchasing an additional 97 shares during the period. TD Asset Management Inc grew its holdings in AECOM by 0.7% during the 3rd quarter. TD Asset Management Inc now owns 15,278 shares of the construction company’s stock valued at $1,993,000 after purchasing an additional 99 shares during the last quarter. Transce3nd LLC grew its holdings in AECOM by 15.1% during the 2nd quarter. Transce3nd LLC now owns 899 shares of the construction company’s stock valued at $102,000 after purchasing an additional 118 shares during the last quarter. Finally, Park Avenue Securities LLC raised its position in AECOM by 1.2% in the 3rd quarter. Park Avenue Securities LLC now owns 10,362 shares of the construction company’s stock worth $1,352,000 after purchasing an additional 122 shares during the period. Institutional investors own 85.41% of the company’s stock.
AECOM Stock Down 1.8%
Shares of NYSE ACM opened at $85.36 on Friday. AECOM has a 12-month low of $85.00 and a 12-month high of $135.52. The stock’s fifty day simple moving average is $94.29 and its two-hundred day simple moving average is $108.82. The stock has a market capitalization of $11.04 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 1.06 and a beta of 1.06. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.08.
AECOM Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, April 17th. Shareholders of record on Wednesday, April 1st will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, April 1st. AECOM’s dividend payout ratio is presently 35.23%.
Analyst Ratings Changes
Several research analysts have issued reports on ACM shares. Royal Bank Of Canada boosted their target price on AECOM from $139.00 to $142.00 and gave the company an “outperform” rating in a research report on Wednesday, February 11th. Citigroup reduced their price target on AECOM from $152.00 to $131.00 and set a “buy” rating on the stock in a report on Monday, January 26th. The Goldman Sachs Group decreased their price target on AECOM from $148.00 to $127.00 and set a “buy” rating for the company in a research note on Wednesday, January 28th. UBS Group upped their price objective on AECOM from $143.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Finally, Robert W. Baird set a $125.00 target price on AECOM in a research note on Tuesday, February 10th. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $130.09.
Read Our Latest Research Report on AECOM
AECOM Profile
AECOM is a multinational infrastructure consulting firm that provides a broad range of professional technical and management services. Its core offerings include architecture and engineering design, program and construction management, environmental remediation and consulting, and operations and maintenance support. The company works across the full project lifecycle from planning and design through construction and long‑term asset management.
AECOM serves public- and private-sector clients in major built-environment markets, including transportation (roads, bridges, rail, airports), water and wastewater systems, buildings and places, energy and power, and environmental services.
Further Reading
Want to see what other hedge funds are holding ACM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AECOM (NYSE:ACM – Free Report).
Receive News & Ratings for AECOM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AECOM and related companies with MarketBeat.com's FREE daily email newsletter.
