AECOM (NYSE:ACM) Shares Bought by LPL Financial LLC

LPL Financial LLC lifted its stake in shares of AECOM (NYSE:ACM) by 31.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 187,380 shares of the construction company’s stock after purchasing an additional 45,365 shares during the quarter. LPL Financial LLC owned about 0.14% of AECOM worth $17,376,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in AECOM by 34.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,258 shares of the construction company’s stock worth $286,305,000 after buying an additional 691,020 shares during the period. Northern Trust Corp increased its holdings in shares of AECOM by 53.5% in the 4th quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company’s stock worth $177,844,000 after acquiring an additional 580,078 shares during the period. Sandhill Capital Partners LLC bought a new stake in AECOM in the 4th quarter valued at about $36,933,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in AECOM during the 4th quarter valued at about $16,957,000. Finally, GAMMA Investing LLC grew its position in AECOM by 9,543.2% in the 1st quarter. GAMMA Investing LLC now owns 147,348 shares of the construction company’s stock worth $13,664,000 after purchasing an additional 145,820 shares during the last quarter. Institutional investors own 85.41% of the company’s stock.

Analyst Upgrades and Downgrades

ACM has been the topic of a number of recent analyst reports. Citigroup reaffirmed a “buy” rating and set a $137.00 price target (up previously from $122.00) on shares of AECOM in a report on Monday, July 28th. Royal Bank Of Canada lifted their target price on AECOM from $123.00 to $126.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Bank of America increased their price target on AECOM from $112.50 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday. KeyCorp lifted their price objective on shares of AECOM from $120.00 to $129.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Finally, Robert W. Baird upped their price objective on shares of AECOM from $108.00 to $118.00 and gave the stock an “outperform” rating in a report on Tuesday, May 6th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, AECOM currently has an average rating of “Buy” and an average target price of $125.63.

AECOM Stock Up 6.3%

ACM opened at $118.95 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market capitalization of $15.74 billion, a PE ratio of 25.92, a P/E/G ratio of 1.81 and a beta of 0.99. The stock’s fifty day moving average is $112.63 and its 200-day moving average is $104.20. AECOM has a one year low of $85.00 and a one year high of $121.73.

AECOM (NYSE:ACM) last released its earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.09. AECOM had a return on equity of 28.70% and a net margin of 3.82%. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same period in the previous year, the company earned $1.16 earnings per share. AECOM’s revenue was up 6.2% compared to the same quarter last year. On average, equities analysts predict that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Wednesday, July 2nd were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, July 2nd. This represents a $1.04 annualized dividend and a yield of 0.9%. AECOM’s dividend payout ratio is currently 22.66%.

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.