TD Waterhouse Canada Inc. Boosts Stake in AECOM (NYSE:ACM)

TD Waterhouse Canada Inc. raised its position in AECOM (NYSE:ACM) by 117.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,703 shares of the construction company’s stock after purchasing an additional 4,160 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in AECOM were worth $823,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its holdings in shares of AECOM by 256.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,914 shares of the construction company’s stock valued at $952,000 after buying an additional 6,411 shares during the period. Transce3nd LLC purchased a new stake in AECOM during the fourth quarter worth about $87,000. Sharpepoint LLC acquired a new stake in shares of AECOM during the fourth quarter worth about $2,188,000. MetLife Investment Management LLC boosted its stake in shares of AECOM by 9.0% in the fourth quarter. MetLife Investment Management LLC now owns 75,570 shares of the construction company’s stock valued at $8,072,000 after purchasing an additional 6,249 shares during the period. Finally, Ossiam grew its holdings in shares of AECOM by 115.5% in the fourth quarter. Ossiam now owns 4,096 shares of the construction company’s stock valued at $438,000 after purchasing an additional 2,195 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors and hedge funds.

AECOM Stock Up 2.6 %

ACM stock opened at $97.64 on Friday. The company’s 50 day moving average is $94.87 and its two-hundred day moving average is $103.90. AECOM has a twelve month low of $82.23 and a twelve month high of $118.56. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. The stock has a market cap of $12.95 billion, a P/E ratio of 27.74, a PEG ratio of 1.63 and a beta of 1.03.

AECOM (NYSE:ACM) last announced its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, beating 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%. Research analysts expect that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd were given a $0.26 dividend. The ex-dividend date was Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.07%. AECOM’s dividend payout ratio (DPR) is presently 29.55%.

Wall Street Analyst Weigh In

ACM has been the subject of several recent research reports. Robert W. Baird decreased their price target on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a research report on Tuesday, February 4th. KeyCorp decreased their target price on AECOM from $121.00 to $109.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Truist Financial cut their price target on AECOM from $129.00 to $121.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Barclays lifted their price objective on AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, Citigroup reduced their target price on shares of AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $117.88.

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.