Korea Investment CORP Grows Position in AECOM (NYSE:ACM)

Korea Investment CORP increased its position in AECOM (NYSE:ACM) by 43.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 157,332 shares of the construction company’s stock after purchasing an additional 47,371 shares during the period. Korea Investment CORP’s holdings in AECOM were worth $16,806,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Securities Inc. increased its position in shares of AECOM by 95.9% in the fourth quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock valued at $25,000 after acquiring an additional 116 shares during the period. Allworth Financial LP increased its holdings in AECOM by 390.6% during the 4th quarter. Allworth Financial LP now owns 260 shares of the construction company’s stock valued at $29,000 after purchasing an additional 207 shares during the period. Private Trust Co. NA bought a new position in AECOM during the 3rd quarter valued at approximately $30,000. True Wealth Design LLC lifted its holdings in AECOM by 4,242.9% in the 3rd quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock worth $31,000 after buying an additional 297 shares during the period. Finally, National Pension Service bought a new stake in shares of AECOM in the 4th quarter worth approximately $32,000. 85.41% of the stock is currently owned by institutional investors.

AECOM Trading Down 2.2 %

Shares of NYSE ACM opened at $92.48 on Friday. The stock has a market cap of $12.27 billion, a P/E ratio of 26.27, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. AECOM has a 1 year low of $82.23 and a 1 year high of $118.56. The firm has a 50-day moving average of $100.34 and a 200 day moving average of $105.12.

AECOM (NYSE:ACM) last issued its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, topping 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%. As a group, sell-side analysts expect that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.12%. AECOM’s dividend payout ratio is currently 29.55%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ACM. Robert W. Baird decreased their target price on AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a report on Tuesday, February 4th. Citigroup dropped their target price on shares of AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Barclays lifted their target price on shares of AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, KeyCorp decreased their price target on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, AECOM has an average rating of “Buy” and a consensus price target of $120.38.

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.