Duff & Phelps Investment Management Co. Has $10.86 Million Position in AECOM (NYSE:ACM)

Duff & Phelps Investment Management Co. lowered its position in AECOM (NYSE:ACM) by 18.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 117,477 shares of the construction company’s stock after selling 25,923 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in AECOM were worth $10,858,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ACM. Oak Thistle LLC bought a new stake in AECOM in the fourth quarter valued at approximately $1,789,000. Raymond James & Associates boosted its holdings in shares of AECOM by 5.4% during the 4th quarter. Raymond James & Associates now owns 33,923 shares of the construction company’s stock worth $3,136,000 after buying an additional 1,740 shares in the last quarter. iA Global Asset Management Inc. boosted its holdings in shares of AECOM by 33.3% during the 3rd quarter. iA Global Asset Management Inc. now owns 180,575 shares of the construction company’s stock worth $14,995,000 after buying an additional 45,098 shares in the last quarter. Comerica Bank bought a new position in shares of AECOM during the 3rd quarter worth approximately $5,454,000. Finally, Pallas Capital Advisors LLC bought a new position in shares of AECOM during the 4th quarter worth approximately $340,000. Institutional investors and hedge funds own 85.41% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on ACM. Barclays increased their price target on AECOM from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Citigroup upped their target price on AECOM from $107.00 to $116.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Robert W. Baird upped their target price on AECOM from $100.00 to $103.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. TheStreet raised AECOM from a “c+” rating to a “b” rating in a research report on Monday, February 5th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $109.00 target price on shares of AECOM in a research report on Wednesday, February 7th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, AECOM currently has a consensus rating of “Buy” and an average target price of $105.43.

AECOM Trading Down 1.7 %

NYSE ACM opened at $92.36 on Wednesday. The firm has a market capitalization of $12.56 billion, a P/E ratio of 205.24, a PEG ratio of 1.40 and a beta of 1.24. The business has a fifty day simple moving average of $93.39 and a 200 day simple moving average of $89.29. AECOM has a 12 month low of $74.40 and a 12 month high of $98.72. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.87.

AECOM (NYSE:ACM) last released its quarterly earnings results on Tuesday, February 6th. The construction company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.13. The business had revenue of $3.90 billion during the quarter. AECOM had a return on equity of 21.45% and a net margin of 0.42%. During the same period in the previous year, the company posted $0.86 earnings per share. On average, analysts predict that AECOM will post 4.43 EPS for the current fiscal year.

AECOM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Wednesday, April 24th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Tuesday, April 23rd. AECOM’s payout ratio is currently 195.56%.

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.