Barclays PLC Boosts Stake in AECOM (NYSE:ACM)

Barclays PLC lifted its holdings in shares of AECOM (NYSE:ACM) by 61.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 315,086 shares of the construction company’s stock after acquiring an additional 120,137 shares during the quarter. Barclays PLC owned 0.24% of AECOM worth $33,658,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Franklin Resources Inc. grew its stake in AECOM by 1.5% during the 3rd quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company’s stock valued at $655,000 after purchasing an additional 91 shares in the last quarter. Ranch Capital Advisors Inc. grew its position in shares of AECOM by 2.3% during the fourth 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 in the last quarter. Brown Brothers Harriman & Co. grew its position in shares of AECOM by 17.5% during the fourth quarter. Brown Brothers Harriman & Co. now owns 691 shares of the construction company’s stock worth $74,000 after buying an additional 103 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of AECOM by 1.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company’s stock worth $809,000 after buying an additional 109 shares during the last quarter. Finally, Avitas Wealth Management LLC raised its holdings in AECOM by 0.6% in the fourth quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company’s stock valued at $2,023,000 after acquiring an additional 110 shares in the last quarter. 85.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Citigroup decreased their price objective on shares of AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Truist Financial decreased their price target on AECOM from $129.00 to $121.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Barclays upped their price objective on AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. KeyCorp decreased their target price on AECOM from $121.00 to $109.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Robert W. Baird dropped their price target on AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 4th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $117.88.

AECOM Stock Up 1.1 %

Shares of AECOM stock opened at $94.24 on Friday. The stock has a market capitalization of $12.50 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 1.63 and a beta of 1.03. AECOM has a twelve month low of $82.23 and a twelve month high of $118.56. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. The business’s 50 day simple moving average is $95.41 and its 200-day simple moving average is $104.14.

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 the consensus estimate of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. Equities research analysts forecast that AECOM will post 5.1 earnings per share for the current year.

AECOM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Wednesday, April 2nd. AECOM’s dividend payout ratio (DPR) 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.