39,000 Shares in AECOM (NYSE:ACM) Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in AECOM (NYSE:ACM) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 39,000 shares of the construction company’s stock, valued at approximately $3,605,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Friedenthal Financial acquired a new stake in shares of AECOM in the fourth quarter worth $44,000. Cerity Partners LLC grew its position in AECOM by 203.0% during the 4th quarter. Cerity Partners LLC now owns 10,780 shares of the construction company’s stock worth $997,000 after purchasing an additional 7,222 shares during the period. Tobam purchased a new position in shares of AECOM during the 4th quarter valued at about $58,000. International Assets Investment Management LLC acquired a new position in shares of AECOM in the 4th quarter valued at about $1,640,000. Finally, Arlington Trust Co LLC purchased a new stake in shares of AECOM in the fourth quarter worth about $62,000. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Stock Down 2.0 %

Shares of NYSE:ACM opened at $93.61 on Monday. AECOM has a 52-week low of $74.40 and a 52-week high of $98.72. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.87. The business has a fifty day moving average of $92.33 and a two-hundred day moving average of $88.32. The stock has a market cap of $12.73 billion, a P/E ratio of 208.03, a PEG ratio of 1.39 and a beta of 1.24.

AECOM (NYSE:ACM) last posted its quarterly earnings results on Tuesday, February 6th. The construction company reported $1.05 earnings per share for the quarter, beating the consensus estimate 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 during the quarter. During the same period last year, the company earned $0.86 EPS. On average, research analysts expect that AECOM will post 4.45 earnings per share for the current year.

AECOM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders 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 0.94%. AECOM’s dividend payout ratio is currently 195.56%.

Wall Street Analyst Weigh In

ACM has been the topic of a number of recent analyst reports. TheStreet upgraded AECOM from a “c+” rating to a “b” rating in a research report on Monday, February 5th. KeyCorp assumed coverage on AECOM in a report on Wednesday, January 10th. They set an “overweight” rating and a $104.00 target price for the company. Robert W. Baird lifted their price target on AECOM from $100.00 to $103.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th. Royal Bank of Canada reissued an “outperform” rating and issued a $109.00 price objective on shares of AECOM in a research note on Wednesday, February 7th. Finally, Barclays lifted their target price on shares of AECOM from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $102.00.

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.