Schroder Investment Management Group Acquires 2,508 Shares of AECOM (NYSE:ACM)

Schroder Investment Management Group raised its stake in AECOM (NYSE:ACM) by 39.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,792 shares of the construction company’s stock after buying an additional 2,508 shares during the quarter. Schroder Investment Management Group’s holdings in AECOM were worth $939,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Franklin Resources Inc. raised its holdings in shares of AECOM by 1.5% during the third quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company’s stock worth $655,000 after acquiring an additional 91 shares during the period. Ranch Capital Advisors Inc. raised its stake in shares of AECOM by 2.3% in the 4th quarter. Ranch Capital Advisors Inc. now owns 4,482 shares of the construction company’s stock valued at $479,000 after purchasing an additional 99 shares during the period. Brown Brothers Harriman & Co. lifted its holdings in shares of AECOM by 17.5% in the fourth quarter. Brown Brothers Harriman & Co. now owns 691 shares of the construction company’s stock valued at $74,000 after purchasing an additional 103 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of AECOM by 1.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company’s stock worth $809,000 after buying an additional 109 shares during the period. Finally, Avitas Wealth Management LLC grew its holdings in shares of AECOM by 0.6% during the fourth quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company’s stock worth $2,023,000 after buying an additional 110 shares in the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Stock Down 2.2 %

Shares of NYSE ACM opened at $87.33 on Tuesday. 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 $98.28 and its 200 day moving average is $104.92. 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 $11.58 billion, a P/E ratio of 24.81, a PEG ratio of 1.63 and a beta of 1.03.

AECOM (NYSE:ACM) last released 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 announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Wednesday, April 2nd. AECOM’s dividend payout ratio is presently 29.55%.

Wall Street Analysts Forecast Growth

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