ABN Amro Investment Solutions Invests $2.26 Million in AECOM $ACM

ABN Amro Investment Solutions bought a new position in shares of AECOM (NYSE:ACM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,993 shares of the construction company’s stock, valued at approximately $2,256,000.

Other hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its position in shares of AECOM by 40.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 152,464 shares of the construction company’s stock valued at $14,138,000 after acquiring an additional 43,706 shares during the period. Stephens Inc. AR lifted its holdings in AECOM by 27.7% during the 1st quarter. Stephens Inc. AR now owns 2,918 shares of the construction company’s stock valued at $271,000 after purchasing an additional 633 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in AECOM in the 1st quarter valued at about $92,000. Archer Investment Corp grew its holdings in AECOM by 19.4% in the 1st quarter. Archer Investment Corp now owns 1,075 shares of the construction company’s stock valued at $100,000 after buying an additional 175 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings in AECOM by 27.4% in the 1st quarter. Private Advisor Group LLC now owns 14,659 shares of the construction company’s stock valued at $1,359,000 after purchasing an additional 3,154 shares during the period. 85.41% of the stock is currently owned by institutional investors.

AECOM Stock Performance

NYSE ACM opened at $133.56 on Friday. The company’s 50 day simple moving average is $130.76 and its two-hundred day simple moving average is $119.41. AECOM has a 1 year low of $85.00 and a 1 year high of $135.52. The stock has a market capitalization of $17.69 billion, a PE ratio of 29.10, a P/E/G ratio of 1.96 and a beta of 1.06. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17.

AECOM Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Wednesday, October 1st were issued a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. AECOM’s dividend payout ratio is presently 22.66%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Barclays boosted their target price on shares of AECOM from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Wall Street Zen cut AECOM from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Bank of America increased their price target on AECOM from $112.50 to $124.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Weiss Ratings restated a “buy (b)” rating on shares of AECOM in a report on Wednesday, October 8th. Finally, Citigroup lifted their target price on AECOM from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Eleven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, AECOM has a consensus rating of “Buy” and a consensus target price of $137.30.

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.