Northwest & Ethical Investments L.P. Acquires 41,865 Shares of AECOM (NYSE:ACM)

Northwest & Ethical Investments L.P. grew its holdings in shares of AECOM (NYSE:ACM) by 60.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 111,606 shares of the construction company’s stock after buying an additional 41,865 shares during the period. Northwest & Ethical Investments L.P. owned 0.08% of AECOM worth $11,922,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Franklin Resources Inc. boosted its holdings in shares of AECOM by 1.5% during the 3rd quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company’s stock valued at $655,000 after buying an additional 91 shares in the last quarter. Ranch Capital Advisors Inc. boosted its stake in AECOM by 2.3% in the 4th quarter. Ranch Capital Advisors Inc. now owns 4,482 shares of the construction company’s stock worth $479,000 after purchasing an additional 99 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in AECOM by 1.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 9,459 shares of the construction company’s stock worth $977,000 after purchasing an additional 103 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in AECOM by 1.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company’s stock worth $809,000 after purchasing an additional 109 shares in the last quarter. Finally, Avitas Wealth Management LLC boosted its stake in AECOM by 0.6% in the 4th quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company’s stock worth $2,023,000 after purchasing an additional 110 shares in the last quarter. Institutional investors own 85.41% of the company’s stock.

AECOM Trading Up 0.8 %

ACM stock opened at $96.16 on Thursday. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56. 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 company has a market capitalization of $12.75 billion, a price-to-earnings ratio of 27.32, a PEG ratio of 1.63 and a beta of 1.22. The business has a 50 day simple moving average of $102.26 and a two-hundred day simple moving average of $105.20.

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

AECOM Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ACM shares. The Goldman Sachs Group started coverage on shares of AECOM in a research note on Friday, November 22nd. They set a “buy” rating and a $130.00 target price on the stock. Barclays upped their target price on shares of AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. KeyCorp lowered their target price on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Robert W. Baird lowered their target price on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. Finally, Truist Financial upped their target price on shares of AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, AECOM presently has a consensus rating of “Buy” and an average target price of $120.38.

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.