Elo Mutual Pension Insurance Co lifted its position in AECOM (NYSE:ACM – Free Report) by 8.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,394 shares of the construction company’s stock after buying an additional 1,591 shares during the period. Elo Mutual Pension Insurance Co’s holdings in AECOM were worth $2,415,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the business. Hantz Financial Services Inc. grew its position in shares of AECOM by 604.6% in the 2nd quarter. Hantz Financial Services Inc. now owns 458 shares of the construction company’s stock valued at $52,000 after purchasing an additional 393 shares during the period. Brookstone Capital Management acquired a new position in shares of AECOM in the second quarter valued at approximately $219,000. Goldman Sachs Group Inc. increased its position in shares of AECOM by 3.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,080,814 shares of the construction company’s stock worth $100,224,000 after acquiring an additional 36,804 shares in the last quarter. Boston Partners increased its position in shares of AECOM by 7.6% during the second quarter. Boston Partners now owns 115,593 shares of the construction company’s stock worth $13,047,000 after acquiring an additional 8,161 shares in the last quarter. Finally, Brandywine Global Investment Management LLC raised its holdings in shares of AECOM by 19.7% during the second quarter. Brandywine Global Investment Management LLC now owns 48,735 shares of the construction company’s stock worth $5,500,000 after acquiring an additional 8,031 shares during the period. Institutional investors and hedge funds own 85.41% of the company’s stock.
AECOM Stock Performance
Shares of NYSE ACM opened at $105.59 on Thursday. 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 stock has a 50 day moving average price of $128.38 and a 200 day moving average price of $120.10. The stock has a market capitalization of $13.99 billion, a PE ratio of 23.00, a price-to-earnings-growth ratio of 1.96 and a beta of 1.06. AECOM has a 52 week low of $85.00 and a 52 week high of $135.52.
AECOM Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Wednesday, January 7th will be paid a $0.31 dividend. This is an increase from AECOM’s previous quarterly dividend of $0.26. This represents a $1.24 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, January 7th. AECOM’s dividend payout ratio is 29.45%.
Analyst Ratings Changes
A number of brokerages recently weighed in on ACM. Truist Financial upped their target price on shares of AECOM from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Friday, November 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of AECOM in a report on Wednesday, October 8th. Wall Street Zen lowered AECOM from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. National Bank Financial initiated coverage on AECOM in a research report on Wednesday, October 8th. They set an “outperform” rating and a $151.00 price target for the company. Finally, Argus decreased their price target on shares of AECOM from $155.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $141.90.
Get Our Latest Analysis on AECOM
About AECOM
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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