Mackenzie Financial Corp Makes New Investment in AECOM (NYSE:ACM)

Mackenzie Financial Corp bought a new position in shares of AECOM (NYSE:ACM) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,436 shares of the construction company’s stock, valued at approximately $965,000.

A number of other large investors have also recently added to or reduced their stakes in ACM. Manchester Capital Management LLC bought a new stake in shares of AECOM in the third quarter valued at approximately $38,000. Friedenthal Financial bought a new stake in shares of AECOM in the fourth quarter valued at approximately $44,000. Tobam bought a new stake in shares of AECOM in the fourth quarter valued at approximately $58,000. Arlington Trust Co LLC bought a new stake in shares of AECOM in the fourth quarter valued at approximately $62,000. Finally, Signaturefd LLC boosted its position in shares of AECOM by 57.5% in the third quarter. Signaturefd LLC now owns 849 shares of the construction company’s stock valued at $71,000 after acquiring an additional 310 shares during the period. Institutional investors own 85.41% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Citigroup increased their price objective on AECOM from $107.00 to $116.00 and gave the company a “buy” rating in a research report on Monday. Barclays raised their target price on AECOM from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. KeyCorp raised their target price on AECOM from $104.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $109.00 target price on shares of AECOM in a research report on Wednesday, February 7th. Finally, TheStreet raised AECOM from a “c+” rating to a “b” rating in a research report on Monday, February 5th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $105.43.

AECOM Stock Performance

AECOM stock opened at $93.62 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a fifty day moving average price of $93.10 and a two-hundred day moving average price of $88.96. AECOM has a 52-week low of $74.40 and a 52-week high of $98.72. The firm has a market capitalization of $12.73 billion, a P/E ratio of 208.05, a P/E/G ratio of 1.40 and a beta of 1.24.

AECOM (NYSE:ACM) last released its quarterly earnings data on Tuesday, February 6th. The construction company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.13. AECOM had a return on equity of 21.45% and a net margin of 0.42%. The firm had revenue of $3.90 billion during the quarter. During the same quarter in the prior year, the company earned $0.86 earnings per share. As a group, analysts anticipate that AECOM will post 4.43 EPS for the current fiscal year.

AECOM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Wednesday, April 24th will be paid a $0.22 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.94%. AECOM’s dividend payout ratio (DPR) is presently 195.56%.

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.