2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. increased its holdings in shares of AECOM ( NYSE:ACM – Free Report ) by 33.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 108,758 shares of the construction company’s stock after purchasing an additional 27,117 shares during the period. Envestnet Asset Management Inc.’s holdings in AECOM were worth $11,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in the business. Resona Asset Management Co. Ltd.
acquired a new stake in AECOM during the 4th quarter worth about $4,017,000. Wells Fargo & Company MN boosted its stake in shares of AECOM by 0.4% in the fourth quarter.
Wells Fargo & Company MN now owns 125,443 shares of the construction company’s stock worth $13,400,000 after buying an additional 520 shares during the last quarter. Prudential PLC grew its holdings in AECOM by 77.2% during the fourth quarter.
Prudential PLC now owns 13,037 shares of the construction company’s stock worth $1,393,000 after acquiring an additional 5,680 shares during the period. Bryce Point Capital LLC purchased a new position in AECOM during the fourth quarter valued at approximately $1,311,000. Finally, Franklin Resources Inc.
lifted its holdings in AECOM by 9.4% in the fourth quarter. Franklin Resources Inc.
now owns 6,742 shares of the construction company’s stock valued at $720,000 after acquiring an additional 580 shares during the period. Hedge funds and other institutional investors own 85.41% of the company’s stock.
Wall Street Analyst Weigh In ACM has been the topic of several analyst reports. Robert W. Baird dropped their price target on shares of AECOM from $125.
00 to $117.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 4th. Citigroup dropped their target price on AECOM from $128.
00 to $127.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Truist Financial reduced their price target on AECOM from $129.
00 to $121.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. KeyCorp dropped their price objective on AECOM from $121.
00 to $109.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Barclays boosted their price objective on AECOM from $105.
00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $117.
88. AECOM Price Performance Shares of ACM opened at $94.24 on Friday.
The company has a market cap of $12.50 billion, a P/E ratio of 26.77, a PEG ratio of 1.
63 and a beta of 1.03. AECOM has a fifty-two week low of $82.
23 and a fifty-two week high of $118.56. The company has a quick ratio of 1.
14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02.
The firm’s 50 day moving average price is $95.66 and its 200 day moving average price is $104.20.
AECOM ( NYSE:ACM – Get Free Report ) last posted its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (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, research analysts forecast that AECOM will post 5.
1 earnings per share for the current fiscal year. AECOM Announces Dividend The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd were paid a $0.
26 dividend. The ex-dividend date was Wednesday, April 2nd. This represents a $1.
04 dividend on an annualized basis and a yield of 1.10%. AECOM’s dividend payout ratio is currently 29.
55%. AECOM Company Profile ( Free Report ) 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. 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 ).
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