Mackenzie Financial Corp Buys Shares of 10,436 AECOM (NYSE:ACM)

Mackenzie Financial Corp acquired a new position in shares of AECOM (NYSE:ACM) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,436 shares of the construction company’s stock, valued at approximately $965,000.

A number of other hedge funds also recently made changes to their positions in ACM. Manchester Capital Management LLC acquired a new stake in AECOM in the third quarter valued at approximately $38,000. Friedenthal Financial acquired a new stake in AECOM in the fourth quarter valued at approximately $44,000. Tobam acquired a new stake in AECOM in the fourth quarter valued at approximately $58,000. Arlington Trust Co LLC acquired a new stake in AECOM in the fourth quarter valued at approximately $62,000. Finally, Signaturefd LLC grew its stake in AECOM by 57.5% in the third quarter. Signaturefd LLC now owns 849 shares of the construction company’s stock valued at $71,000 after acquiring an additional 310 shares during the period. 85.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ACM shares. 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. Barclays raised their price objective on AECOM from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Citigroup lifted their target price on AECOM from $107.00 to $116.00 and gave the company a “buy” rating in a research report on Monday. Robert W. Baird lifted their target price on AECOM from $100.00 to $103.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th. Finally, KeyCorp lifted their target price on AECOM from $104.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, AECOM has an average rating of “Buy” and an average target price of $105.43.

AECOM Stock Performance

Shares of AECOM stock opened at $93.62 on Friday. The business’s fifty day simple moving average is $93.10 and its 200 day simple moving average is $88.96. The firm has a market capitalization of $12.73 billion, a P/E ratio of 208.05, a price-to-earnings-growth ratio of 1.40 and a beta of 1.24. AECOM has a 12 month low of $74.40 and a 12 month high of $98.72. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.87.

AECOM (NYSE:ACM) last issued its quarterly earnings results on Tuesday, February 6th. The construction company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.13. The business had revenue of $3.90 billion for the quarter. AECOM had a return on equity of 21.45% and a net margin of 0.42%. During the same quarter last year, the business posted $0.86 earnings per share. As a group, analysts anticipate that AECOM will post 4.43 EPS for the current year.

AECOM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Wednesday, April 24th will be paid a $0.22 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $0.88 annualized dividend and a dividend yield of 0.94%. AECOM’s payout ratio is presently 195.56%.

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.