TD Waterhouse Canada Inc. Buys 4,160 Shares of AECOM (NYSE:ACM)

TD Waterhouse Canada Inc. raised its holdings in shares of AECOM (NYSE:ACM) by 117.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,703 shares of the construction company’s stock after purchasing an additional 4,160 shares during the period. TD Waterhouse Canada Inc.’s holdings in AECOM were worth $823,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Prudential Financial Inc. increased its position in shares of AECOM by 16.6% in the 4th quarter. Prudential Financial Inc. now owns 27,524 shares of the construction company’s stock valued at $2,940,000 after acquiring an additional 3,921 shares during the period. Magnus Financial Group LLC grew its stake in shares of AECOM by 93.5% during the 4th quarter. Magnus Financial Group LLC now owns 4,860 shares of the construction company’s stock worth $519,000 after purchasing an additional 2,348 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of AECOM by 40.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock valued at $79,339,000 after purchasing an additional 220,035 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of AECOM in the 4th quarter valued at $9,705,000. Finally, TT International Asset Management LTD purchased a new stake in AECOM during the fourth quarter worth $3,578,000. 85.41% of the stock is owned by institutional investors and hedge funds.

AECOM Stock Performance

NYSE:ACM opened at $97.64 on Friday. AECOM has a twelve month low of $82.23 and a twelve month high of $118.56. The company has a market cap of $12.95 billion, a P/E ratio of 27.74, a P/E/G ratio of 1.63 and a beta of 1.03. 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 company’s 50-day moving average price is $94.87 and its 200-day moving average price is $103.90.

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

AECOM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd were given a $0.26 dividend. The ex-dividend date was Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 1.07%. AECOM’s dividend payout ratio is currently 29.55%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ACM. Robert W. Baird decreased their price objective on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a research report on Tuesday, February 4th. KeyCorp reduced their price target on AECOM from $121.00 to $109.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Citigroup dropped 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. Truist Financial decreased their target price on AECOM from $129.00 to $121.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Finally, Barclays boosted their price target on shares of AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of $117.88.

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.