Envestnet Portfolio Solutions Inc. Buys 1,974 Shares of AECOM (NYSE:ACM)

Envestnet Portfolio Solutions Inc. boosted its stake in shares of AECOM (NYSE:ACM) by 27.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,237 shares of the construction company’s stock after acquiring an additional 1,974 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in AECOM were worth $987,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ACM. Globeflex Capital L P purchased a new stake in shares of AECOM in the fourth quarter worth approximately $142,000. HighTower Advisors LLC raised its holdings in shares of AECOM by 24.7% in the fourth quarter. HighTower Advisors LLC now owns 14,457 shares of the construction company’s stock worth $1,544,000 after buying an additional 2,863 shares during the period. Wealthfront Advisers LLC purchased a new stake in shares of AECOM in the fourth quarter worth approximately $704,000. AGF Management Ltd. raised its holdings in shares of AECOM by 0.7% in the fourth quarter. AGF Management Ltd. now owns 871,893 shares of the construction company’s stock worth $93,136,000 after buying an additional 5,660 shares during the period. Finally, Ranch Capital Advisors Inc. raised its holdings in shares of AECOM by 2.3% in the fourth quarter. Ranch Capital Advisors Inc. now owns 4,482 shares of the construction company’s stock worth $479,000 after buying an additional 99 shares during the period. 85.41% of the stock is owned by institutional investors.

AECOM Stock Down 0.9 %

Shares of NYSE ACM opened at $94.14 on Monday. 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 market capitalization of $12.49 billion, a PE ratio of 26.74, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22. The stock’s fifty day simple moving average is $101.78 and its two-hundred day simple moving average is $105.20. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56.

AECOM (NYSE:ACM) last announced its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts expect that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $1.04 annualized dividend and a yield of 1.10%. AECOM’s dividend payout ratio (DPR) is presently 29.55%.

Wall Street Analyst Weigh In

ACM has been the topic of several recent analyst reports. KeyCorp reduced their price target on AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Robert W. Baird reduced their price objective on AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a report on Tuesday, February 4th. Citigroup reduced their price objective on AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Finally, Barclays raised their price objective on AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $120.38.

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.