Wellington Management Group LLP Boosts Stock Position in AECOM (NYSE:ACM)

Wellington Management Group LLP grew its holdings in shares of AECOM (NYSE:ACM) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,602 shares of the construction company’s stock after buying an additional 603 shares during the quarter. Wellington Management Group LLP’s holdings in AECOM were worth $1,346,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ACM. Stifel Financial Corp boosted its stake in AECOM by 5.7% during the 3rd quarter. Stifel Financial Corp now owns 13,287 shares of the construction company’s stock valued at $1,372,000 after acquiring an additional 719 shares during the last quarter. MML Investors Services LLC bought a new position in shares of AECOM during the third quarter worth about $831,000. Geode Capital Management LLC grew its stake in AECOM by 0.6% in the third quarter. Geode Capital Management LLC now owns 2,270,408 shares of the construction company’s stock worth $233,918,000 after purchasing an additional 14,511 shares in the last quarter. Toronto Dominion Bank grew its stake in AECOM by 29.5% in the third quarter. Toronto Dominion Bank now owns 17,986 shares of the construction company’s stock worth $1,857,000 after purchasing an additional 4,102 shares in the last quarter. Finally, TD Private Client Wealth LLC acquired a new stake in AECOM during the third quarter valued at approximately $177,000. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Stock Performance

Shares of NYSE ACM opened at $93.66 on Monday. AECOM has a 1 year low of $82.23 and a 1 year high of $118.56. The firm has a market cap of $12.42 billion, a P/E ratio of 26.61, a PEG ratio of 1.63 and a beta of 1.03. The stock has a fifty day moving average price of $96.71 and a two-hundred day moving average price of $104.47. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14.

AECOM (NYSE:ACM) last announced its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. Research analysts forecast that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.11%. The ex-dividend date is Wednesday, April 2nd. AECOM’s dividend payout ratio is presently 29.55%.

Analyst Upgrades and Downgrades

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

About AECOM

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.