Sandhill Capital Partners LLC Buys New Stake in AECOM (NYSE:ACM)

Sandhill Capital Partners LLC purchased a new position in shares of AECOM (NYSE:ACM) during the 4th quarter, Holdings Channel.com reports. The fund purchased 345,750 shares of the construction company’s stock, valued at approximately $36,933,000. AECOM accounts for 2.9% of Sandhill Capital Partners LLC’s investment portfolio, making the stock its 17th biggest position.

A number of other institutional investors have also modified their holdings of the stock. Franklin Resources Inc. boosted its stake in shares of AECOM by 1.5% in the third quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company’s stock worth $655,000 after buying an additional 91 shares during the last quarter. Ranch Capital Advisors Inc. increased its position in shares of AECOM by 2.3% in the fourth quarter. Ranch Capital Advisors Inc. now owns 4,482 shares of the construction company’s stock valued at $479,000 after buying an additional 99 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings 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 lifted 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 in the last quarter. Finally, Avitas Wealth Management LLC boosted its position in AECOM by 0.6% during the fourth quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company’s stock worth $2,023,000 after acquiring an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.

AECOM Price Performance

Shares of ACM opened at $87.33 on Tuesday. The firm’s 50 day moving average price is $98.28 and its 200 day moving average price is $104.92. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56. The company has a market cap of $11.58 billion, a P/E ratio of 24.81, a PEG ratio of 1.63 and a beta of 1.03.

AECOM (NYSE:ACM) last posted its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. On average, research analysts forecast that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd will be issued 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 1.19%. AECOM’s payout ratio is currently 29.55%.

Wall Street Analysts Forecast Growth

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

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.