Prudential PLC Boosts Stock Holdings in AECOM (NYSE:ACM)

Prudential PLC grew its stake in shares of AECOM (NYSE:ACM) by 77.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,037 shares of the construction company’s stock after buying an additional 5,680 shares during the period. Prudential PLC’s holdings in AECOM were worth $1,393,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in ACM. Prudential Financial Inc. boosted its holdings in AECOM by 16.6% in the fourth quarter. Prudential Financial Inc. now owns 27,524 shares of the construction company’s stock valued at $2,940,000 after acquiring an additional 3,921 shares during the last quarter. Magnus Financial Group LLC lifted its stake in shares of AECOM by 93.5% in the 4th quarter. Magnus Financial Group LLC now owns 4,860 shares of the construction company’s stock valued at $519,000 after purchasing an additional 2,348 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of AECOM by 40.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock worth $79,339,000 after purchasing an additional 220,035 shares during the period. Raymond James Financial Inc. acquired a new stake in AECOM during the 4th quarter worth approximately $9,705,000. Finally, TT International Asset Management LTD purchased a new position in AECOM in the fourth quarter valued at approximately $3,578,000. 85.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ACM has been the subject of several research reports. Barclays boosted their price objective on shares of AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Citigroup lowered their price target on AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Robert W. Baird reduced their price objective on AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. Finally, KeyCorp dropped their target price on AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $120.38.

AECOM Stock Down 3.8 %

Shares of NYSE ACM opened at $89.23 on Monday. AECOM has a 1 year low of $82.23 and a 1 year high of $118.56. The stock’s 50-day simple moving average is $98.67 and its 200-day simple moving average is $105.02. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market cap of $11.83 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 1.63 and a beta of 1.03.

AECOM (NYSE:ACM) last released its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. As a group, equities analysts anticipate that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Dividend Announcement

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 is Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.17%. AECOM’s dividend payout ratio (DPR) is presently 29.55%.

AECOM Company 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.