APG Asset Management N.V. Purchases New Position in AECOM (NYSE:ACM)

APG Asset Management N.V. acquired a new stake in AECOM (NYSE:ACM) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 10,865 shares of the construction company’s stock, valued at approximately $1,121,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Principal Securities Inc. increased its holdings in shares of AECOM by 95.9% during the fourth quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock worth $25,000 after buying an additional 116 shares in the last quarter. Allworth Financial LP increased its holdings in AECOM by 390.6% in the 4th quarter. Allworth Financial LP now owns 260 shares of the construction company’s stock worth $29,000 after purchasing an additional 207 shares in the last quarter. National Pension Service bought a new position in AECOM in the fourth quarter valued at about $32,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of AECOM during the fourth quarter valued at about $51,000. Finally, Jones Financial Companies Lllp grew its holdings in shares of AECOM by 821.4% during the fourth quarter. Jones Financial Companies Lllp now owns 645 shares of the construction company’s stock worth $69,000 after purchasing an additional 575 shares during the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Stock Performance

ACM stock opened at $93.66 on Friday. The firm has a market cap of $12.42 billion, a PE ratio of 26.61, a price-to-earnings-growth ratio of 1.63 and a beta of 1.03. 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 50-day moving average price of $96.71 and a 200-day moving average price of $104.46. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56.

AECOM (NYSE:ACM) last issued its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share 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, equities research analysts expect that AECOM will post 5.1 earnings per share for the current year.

AECOM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.11%. The ex-dividend date is Wednesday, April 2nd. AECOM’s dividend payout ratio is presently 29.55%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ACM shares. Citigroup dropped their price objective on shares of AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. KeyCorp dropped their price target on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Truist Financial cut their price target on shares of AECOM from $129.00 to $121.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Robert W. Baird decreased their price objective on AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a report on Tuesday, February 4th. Finally, Barclays upped their price target on AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $119.38.

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.