KLP Kapitalforvaltning AS Purchases Shares of 91,500 AECOM (NYSE:ACM)

KLP Kapitalforvaltning AS acquired a new stake in AECOM (NYSE:ACM) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 91,500 shares of the construction company’s stock, valued at approximately $9,774,000.

Several other institutional investors also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in AECOM by 17.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,989,238 shares of the construction company’s stock valued at $205,429,000 after purchasing an additional 289,513 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of AECOM by 1,847.8% during the 3rd quarter. National Bank of Canada FI now owns 274,857 shares of the construction company’s stock worth $28,384,000 after acquiring an additional 260,746 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of AECOM by 40.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock worth $79,339,000 after acquiring an additional 220,035 shares during the last quarter. Verition Fund Management LLC increased its holdings in shares of AECOM by 293.7% during the 3rd quarter. Verition Fund Management LLC now owns 180,602 shares of the construction company’s stock worth $18,651,000 after acquiring an additional 134,730 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its stake in AECOM by 58.1% in the 4th quarter. Teacher Retirement System of Texas now owns 349,991 shares of the construction company’s stock valued at $37,386,000 after acquiring an additional 128,580 shares during the period. 85.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Barclays upped their price objective on shares of AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. KeyCorp lowered their price target on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Citigroup reduced their price objective on AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Finally, Robert W. Baird lowered their target price 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 investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $120.38.

AECOM Price Performance

AECOM stock opened at $95.96 on Tuesday. The firm has a market cap of $12.73 billion, a PE ratio of 27.26, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. The stock’s fifty day moving average price is $101.53 and its two-hundred day moving average price is $105.20. AECOM has a one year low of $82.23 and a one year high of $118.56.

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

AECOM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $1.04 annualized dividend and a dividend yield of 1.08%. AECOM’s dividend payout ratio is 29.55%.

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.