Mercer Global Advisors Inc. ADV Grows Stock Holdings in AECOM (NYSE:ACM)

Mercer Global Advisors Inc. ADV increased its stake in AECOM (NYSE:ACM) by 51.6% during the 4th quarter, HoldingsChannel reports. The firm owned 8,026 shares of the construction company’s stock after buying an additional 2,731 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in AECOM were worth $857,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Principal Securities Inc. boosted its stake in shares of AECOM by 95.9% in the 4th 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 grew its stake in shares of AECOM by 390.6% during the 4th quarter. Allworth Financial LP now owns 260 shares of the construction company’s stock valued at $29,000 after purchasing an additional 207 shares during the period. National Pension Service purchased a new stake in shares of AECOM during the 4th quarter valued at about $32,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of AECOM in the 4th quarter worth approximately $35,000. Finally, Wingate Wealth Advisors Inc. purchased a new position in shares of AECOM in the fourth quarter worth approximately $51,000. Institutional investors own 85.41% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Barclays increased their price target 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. Royal Bank of Canada boosted their price target on AECOM from $123.00 to $126.00 and gave the company an “outperform” rating in a report on Wednesday. Robert W. Baird raised their price objective on AECOM from $108.00 to $118.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 6th. KeyCorp cut their price objective on AECOM from $121.00 to $109.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Finally, Citigroup raised their target price on shares of AECOM from $116.00 to $122.00 and gave the stock a “buy” rating in a research note on Wednesday. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $119.00.

AECOM Stock Performance

Shares of NYSE ACM opened at $104.67 on Friday. The company has a market cap of $13.85 billion, a P/E ratio of 29.74, a P/E/G ratio of 1.63 and a beta of 0.96. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. The firm’s fifty day moving average is $95.47 and its two-hundred day moving average is $103.48.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Monday, May 5th. The construction company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.10. AECOM had a return on equity of 26.84% and a net margin of 2.93%. The business had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same period in the prior year, the firm earned $1.04 EPS. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. As a group, analysts anticipate 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 issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Wednesday, April 2nd. AECOM’s payout ratio is 22.66%.

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.