HighTower Advisors LLC Raises Stock Position in AECOM (NYSE:ACM)

HighTower Advisors LLC lifted its position in AECOM (NYSE:ACM) by 24.7% in the 4th quarter, Holdings Channel reports. The fund owned 14,457 shares of the construction company’s stock after acquiring an additional 2,863 shares during the quarter. HighTower Advisors LLC’s holdings in AECOM were worth $1,544,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wealthfront Advisers LLC purchased a new position in AECOM during the fourth quarter valued at $704,000. AGF Management Ltd. lifted its holdings in shares of AECOM by 0.7% during the 4th quarter. AGF Management Ltd. now owns 871,893 shares of the construction company’s stock valued at $93,136,000 after buying an additional 5,660 shares during the period. Ranch Capital Advisors Inc. boosted its position in 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 purchasing an additional 99 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of AECOM by 50.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 60,900 shares of the construction company’s stock worth $6,505,000 after buying an additional 20,500 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of AECOM by 4.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 77,023 shares of the construction company’s stock worth $8,228,000 after acquiring an additional 3,075 shares during the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Analysts Set New Price Targets

ACM has been the topic of a number of analyst reports. Robert W. Baird lowered their price objective on AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 4th. KeyCorp reduced their price target on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Citigroup decreased 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 upped their price target 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. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, AECOM presently has an average rating of “Buy” and an average target price of $120.38.

AECOM Stock Performance

Shares of NYSE:ACM opened at $95.96 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56. The company has a market capitalization of $12.73 billion, a price-to-earnings ratio of 27.26, a PEG ratio of 1.63 and a beta of 1.22. The firm’s 50-day moving average is $101.53 and its 200 day moving average is $105.20.

AECOM (NYSE:ACM) last released its earnings results on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. Research analysts predict that AECOM will post 5.1 EPS for the current year.

AECOM Announces Dividend

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

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.