Raymond James Financial Inc. Purchases New Stake in AECOM (NYSE:ACM)

Raymond James Financial Inc. purchased a new stake in AECOM (NYSE:ACM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 90,850 shares of the construction company’s stock, valued at approximately $9,705,000. Raymond James Financial Inc. owned about 0.07% of AECOM as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Magnus Financial Group LLC grew its position in AECOM by 93.5% in the fourth quarter. Magnus Financial Group LLC now owns 4,860 shares of the construction company’s stock worth $519,000 after acquiring an additional 2,348 shares during the period. JPMorgan Chase & Co. grew its position in AECOM by 40.1% in the third 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. TT International Asset Management LTD purchased a new position in AECOM in the fourth quarter worth approximately $3,578,000. Park Avenue Securities LLC grew its position in AECOM by 176.9% in the fourth quarter. Park Avenue Securities LLC now owns 7,239 shares of the construction company’s stock worth $773,000 after acquiring an additional 4,625 shares during the period. Finally, Truist Financial Corp grew its position in AECOM by 28.7% in the fourth quarter. Truist Financial Corp now owns 9,851 shares of the construction company’s stock worth $1,052,000 after acquiring an additional 2,194 shares during the period. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Stock Down 0.9 %

AECOM stock opened at $94.14 on Friday. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market cap of $12.49 billion, a PE ratio of 26.74, a P/E/G ratio of 1.63 and a beta of 1.22. The stock’s fifty day moving average is $101.78 and its two-hundred day moving average is $105.09.

AECOM (NYSE:ACM) last posted its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. On average, sell-side analysts expect that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Wednesday, April 2nd. AECOM’s dividend payout ratio (DPR) is currently 29.55%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ACM shares. Truist Financial increased their price objective on AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. KeyCorp lowered their price target on AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Robert W. Baird lowered their price target on AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a research report on Tuesday, February 4th. The Goldman Sachs Group assumed coverage on AECOM in a research report on Friday, November 22nd. They set a “buy” rating and a $130.00 price target for the company. Finally, Barclays raised their price target on AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $120.38.

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.