DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Purchases 17,138 Shares of AECOM (NYSE:ACM)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in AECOM (NYSE:ACM) by 40.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,289 shares of the construction company’s stock after purchasing an additional 17,138 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in AECOM were worth $6,333,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Alliancebernstein L.P. boosted its position in AECOM by 11.2% during the 4th quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company’s stock worth $397,196,000 after buying an additional 373,991 shares during the period. Norges Bank bought a new position in shares of AECOM during the fourth quarter valued at $190,495,000. Northern Trust Corp lifted its holdings in shares of AECOM by 53.5% during the fourth quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company’s stock worth $177,844,000 after purchasing an additional 580,078 shares during the period. FMR LLC grew its stake in shares of AECOM by 2.9% in the fourth quarter. FMR LLC now owns 1,360,510 shares of the construction company’s stock worth $145,330,000 after purchasing an additional 38,177 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in AECOM by 8.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,205,920 shares of the construction company’s stock valued at $128,820,000 after purchasing an additional 94,880 shares during the period. 85.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ACM has been the topic of a number of analyst reports. Truist Financial reduced their price target on AECOM from $129.00 to $121.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Citigroup upped their target price on AECOM from $116.00 to $122.00 and gave the company a “buy” rating in a report on Wednesday. Robert W. Baird boosted their price target on shares of AECOM from $108.00 to $118.00 and gave the stock an “outperform” rating in a research report on Tuesday. Barclays increased their price objective on shares of AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, KeyCorp dropped their target price on shares of AECOM from $121.00 to $109.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $119.00.

AECOM Trading Up 0.3 %

NYSE ACM opened at $104.67 on Friday. 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 business has a fifty day simple moving average of $95.47 and a 200 day simple moving average of $103.50. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56. The firm has a market capitalization of $13.88 billion, a P/E ratio of 29.74, a PEG ratio of 1.63 and a beta of 0.96.

AECOM (NYSE:ACM) last announced its earnings results on Monday, May 5th. The construction company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.15 by $0.10. AECOM had a net margin of 2.93% and a return on equity of 26.84%. The company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter in the prior year, the company posted $1.04 earnings per share. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, analysts predict that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date was Wednesday, April 2nd. AECOM’s 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.