APG Asset Management N.V. Purchases Shares of 10,865 AECOM (NYSE:ACM)

APG Asset Management N.V. acquired a new position in shares of AECOM (NYSE:ACM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,865 shares of the construction company’s stock, valued at approximately $1,121,000.

A number of other institutional investors and hedge funds also recently modified their holdings of ACM. Principal Securities Inc. lifted its holdings in AECOM by 95.9% during the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock valued at $25,000 after purchasing an additional 116 shares during the last quarter. Allworth Financial LP raised its position in shares of AECOM by 390.6% in the fourth 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 acquired a new stake in shares of AECOM during the 4th quarter worth about $32,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of AECOM during the 4th quarter worth about $51,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of AECOM during the 4th quarter worth about $55,000. 85.41% of the stock is owned by institutional investors.

AECOM Stock Up 0.5 %

Shares of NYSE ACM opened at $93.66 on Friday. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56. The stock’s fifty day moving average is $96.71 and its 200 day moving average is $104.46. 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 stock has a market capitalization of $12.42 billion, a P/E ratio of 26.61, a PEG ratio of 1.63 and a beta of 1.03.

AECOM (NYSE:ACM) last issued its 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 net margin of 2.93% and a return on equity of 26.84%. Sell-side analysts forecast that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Announces Dividend

The firm 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 $0.26 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.04 annualized dividend and a dividend yield of 1.11%. AECOM’s payout ratio is 29.55%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ACM shares. Citigroup lowered their price target on shares of AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. KeyCorp reduced their price target on AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Robert W. Baird decreased their price objective on AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a report on Tuesday, February 4th. Barclays lifted their target price on AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Truist Financial decreased their price target on shares of AECOM from $129.00 to $121.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $119.38.

AECOM 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.