AECOM (NYSE:ACM) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its position in AECOM (NYSE:ACM – Get Rating) by 9.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,854 shares of the construction company’s stock after purchasing an additional 995 shares during the quarter. Envestnet Asset Management Inc.’s holdings in AECOM were worth $1,007,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Findlay Park Partners LLP acquired a new stake in shares of AECOM in the fourth quarter valued at approximately $24,790,000. Daiwa Securities Group Inc. increased its stake in shares of AECOM by 5.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 52,100 shares of the construction company’s stock valued at $4,425,000 after purchasing an additional 2,900 shares during the period. Retirement Systems of Alabama increased its stake in shares of AECOM by 76.9% in the fourth quarter. Retirement Systems of Alabama now owns 323,341 shares of the construction company’s stock valued at $27,461,000 after purchasing an additional 140,514 shares during the period. Symmetry Investments LP acquired a new stake in shares of AECOM in the fourth quarter valued at approximately $3,773,000. Finally, Fiducient Advisors LLC bought a new position in shares of AECOM in the fourth quarter valued at approximately $575,000. Institutional investors and hedge funds own 84.26% of the company’s stock.

AECOM Stock Up 0.1 %

ACM stock opened at $76.66 on Friday. The company has a market cap of $10.66 billion, a price-to-earnings ratio of 28.93, a PEG ratio of 1.93 and a beta of 1.29. The company has a 50 day moving average of $81.56 and a two-hundred day moving average of $83.92. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.79. AECOM has a 12-month low of $60.74 and a 12-month high of $92.16.

AECOM (NYSE:ACM – Get Rating) last released its quarterly earnings results on Tuesday, May 9th. The construction company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.04. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.38 billion. AECOM had a net margin of 2.75% and a return on equity of 18.72%. AECOM’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.83 EPS. On average, equities analysts anticipate that AECOM will post 3.69 earnings per share for the current fiscal year.

AECOM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 21st. Investors of record on Wednesday, April 5th were paid a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, April 4th. This represents a $0.72 dividend on an annualized basis and a yield of 0.94%. AECOM’s payout ratio is presently 27.17%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. StockNews.com upgraded shares of AECOM from a “hold” rating to a “buy” rating in a report on Wednesday, May 17th. Citigroup increased their price objective on shares of AECOM from $100.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, February 8th. Robert W. Baird decreased their price objective on shares of AECOM from $103.00 to $100.00 in a research note on Tuesday, May 9th. Finally, Royal Bank of Canada raised their price objective on shares of AECOM from $94.00 to $102.00 in a research note on Wednesday, February 8th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, AECOM currently has an average rating of “Buy” and an average price target of $99.00.

AECOM Profile

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AECOM engages in the design, manufacture, financing, and operation of infrastructure assets for governments, businesses and organizations. It operates through the following segments: Americas, International, and AECOM Capital. The Americas segment deals with planning, consulting, architectural and engineering design and construction management services to commercial and government clients in the United States, Canada and Latin America in major end markets such as transportation, water, government, facilities, environmental and energy.