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

Northwest & Ethical Investments L.P. grew its position in shares of AECOM (NYSE:ACM) by 60.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 111,606 shares of the construction company’s stock after acquiring an additional 41,865 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in AECOM were worth $11,922,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Principal Securities Inc. lifted its position in AECOM by 95.9% in the fourth quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock worth $25,000 after buying an additional 116 shares during the last quarter. Allworth Financial LP lifted its position in AECOM by 390.6% in the fourth quarter. Allworth Financial LP now owns 260 shares of the construction company’s stock worth $29,000 after buying an additional 207 shares during the last quarter. Private Trust Co. NA bought a new stake in AECOM in the third quarter worth $30,000. National Pension Service bought a new stake in AECOM in the fourth quarter worth $32,000. Finally, True Wealth Design LLC lifted its position in AECOM by 4,242.9% in the third quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock worth $31,000 after buying an additional 297 shares during the last quarter. 85.41% of the stock is currently owned by institutional investors.

AECOM Stock Performance

Shares of AECOM stock opened at $96.16 on Thursday. The firm has a market cap of $12.75 billion, a P/E ratio of 27.32, a P/E/G ratio of 1.63 and a beta of 1.22. 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 stock’s fifty day moving average price is $102.26 and its 200-day moving average price is $105.20.

AECOM (NYSE:ACM) last announced its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 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%. On average, equities research analysts expect that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ACM. Barclays raised their price target on AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Truist Financial increased their target price on AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. The Goldman Sachs Group assumed coverage on AECOM in a research note on Friday, November 22nd. They issued a “buy” rating and a $130.00 target price on the stock. Citigroup reduced their target price on AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Finally, Robert W. Baird reduced their target price on AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus 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.