Russell Investments Group Ltd. Increases Stock Position in AECOM (NYSE:ACM)

Russell Investments Group Ltd. boosted its stake in AECOM (NYSE:ACM) by 19.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 376,706 shares of the construction company’s stock after acquiring an additional 62,272 shares during the period. Russell Investments Group Ltd.’s holdings in AECOM were worth $34,856,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Impax Asset Management Group plc raised its holdings in AECOM by 6.9% in the third quarter. Impax Asset Management Group plc now owns 1,628,534 shares of the construction company’s stock valued at $135,233,000 after acquiring an additional 105,454 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in AECOM by 1.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 951,097 shares of the construction company’s stock valued at $78,979,000 after acquiring an additional 16,182 shares in the last quarter. Robeco Schweiz AG raised its holdings in AECOM by 0.7% in the third quarter. Robeco Schweiz AG now owns 871,218 shares of the construction company’s stock valued at $72,346,000 after acquiring an additional 6,065 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in AECOM by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 863,732 shares of the construction company’s stock valued at $71,724,000 after acquiring an additional 2,421 shares in the last quarter. Finally, UBS Group AG raised its holdings in AECOM by 13.8% in the third quarter. UBS Group AG now owns 833,707 shares of the construction company’s stock valued at $69,231,000 after acquiring an additional 100,875 shares in the last quarter. 85.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ACM. Truist Financial assumed coverage on shares of AECOM in a report on Thursday, March 14th. They issued a “buy” rating and a $106.00 price target on the stock. Barclays increased their target price on shares of AECOM from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Royal Bank of Canada reissued an “outperform” rating and set a $109.00 target price on shares of AECOM in a report on Wednesday, February 7th. Citigroup increased their target price on shares of AECOM from $107.00 to $116.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Finally, TheStreet raised shares of AECOM from a “c+” rating to a “b” rating in a report on Monday, February 5th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $105.43.

AECOM Stock Down 1.7 %

ACM stock opened at $92.36 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.87. AECOM has a fifty-two week low of $74.40 and a fifty-two week high of $98.72. The firm’s 50-day simple moving average is $93.39 and its 200 day simple moving average is $89.29. The stock has a market cap of $12.56 billion, a PE ratio of 205.24, a price-to-earnings-growth ratio of 1.40 and a beta of 1.24.

AECOM (NYSE:ACM) last released its quarterly earnings data on Tuesday, February 6th. The construction company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.13. AECOM had a net margin of 0.42% and a return on equity of 21.45%. The business had revenue of $3.90 billion for the quarter. During the same period last year, the business earned $0.86 EPS. As a group, sell-side analysts predict that AECOM will post 4.43 EPS for the current year.

AECOM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Wednesday, April 24th will be given a $0.22 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $0.88 dividend on an annualized basis and a yield of 0.95%. AECOM’s dividend payout ratio is presently 195.56%.

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.