MetLife Investment Management LLC Grows Stake in AECOM (NYSE:ACM)

MetLife Investment Management LLC grew its holdings in shares of AECOM (NYSE:ACM) by 9.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 75,570 shares of the construction company’s stock after buying an additional 6,249 shares during the period. MetLife Investment Management LLC’s holdings in AECOM were worth $8,072,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Franklin Resources Inc. increased its position in shares of AECOM by 1.5% during the third 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 during the period. Oddo BHF Asset Management Sas purchased a new position in shares of AECOM during the 3rd quarter worth approximately $2,928,000. JPMorgan Chase & Co. grew 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 worth $79,339,000 after acquiring an additional 220,035 shares during the period. GAMMA Investing LLC raised its position in shares of AECOM by 35.3% in the 4th quarter. GAMMA Investing LLC now owns 1,528 shares of the construction company’s stock worth $163,000 after acquiring an additional 399 shares in the last quarter. Finally, Everence Capital Management Inc. purchased a new position in shares of AECOM in the 4th quarter valued at approximately $458,000. 85.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ACM. KeyCorp decreased their price objective on AECOM from $121.00 to $109.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Citigroup decreased their price target on shares of AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Barclays upped their price objective on shares of AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Truist Financial lowered their target price on shares of AECOM from $129.00 to $121.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, Robert W. Baird reduced their price objective on AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a research report on Tuesday, February 4th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, AECOM has an average rating of “Buy” and an average price target of $117.88.

AECOM Stock Down 2.1 %

AECOM stock opened at $92.34 on Tuesday. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56. The stock has a fifty day simple moving average of $95.19 and a two-hundred day simple moving average of $104.09. 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 firm has a market cap of $12.25 billion, a price-to-earnings ratio of 26.23, a PEG ratio of 1.63 and a beta of 1.03.

AECOM (NYSE:ACM) last released its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 EPS 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%. Equities analysts predict that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Wednesday, April 2nd. AECOM’s dividend payout ratio is 29.55%.

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.