Jefferies Financial Group Inc. Takes Position in AECOM (NYSE:ACM)

Jefferies Financial Group Inc. purchased a new stake in shares of AECOM (NYSE:ACM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,257 shares of the construction company’s stock, valued at approximately $348,000.

A number of other institutional investors have also recently made changes to their positions in the company. Alliancebernstein L.P. lifted its holdings in AECOM by 11.2% during the 4th quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company’s stock worth $397,196,000 after purchasing an additional 373,991 shares in the last quarter. Norges Bank bought a new stake in AECOM during the fourth quarter valued at approximately $190,495,000. Northern Trust Corp grew its position in AECOM by 53.5% in the fourth quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company’s stock worth $177,844,000 after acquiring an additional 580,078 shares in the last quarter. FMR LLC boosted its holdings in shares of AECOM by 2.9% in the 4th quarter. FMR LLC now owns 1,360,510 shares of the construction company’s stock worth $145,330,000 after purchasing an additional 38,177 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of AECOM by 8.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,205,920 shares of the construction company’s stock valued at $128,820,000 after purchasing an additional 94,880 shares during the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.

AECOM Stock Performance

Shares of NYSE:ACM opened at $109.48 on Friday. The company has a market cap of $14.48 billion, a price-to-earnings ratio of 31.10, a price-to-earnings-growth ratio of 1.63 and a beta of 0.96. The company has a 50-day moving average price of $96.63 and a 200-day moving average price of $103.53. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Monday, May 5th. The construction company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.15 by $0.10. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $4.18 billion. AECOM had a net margin of 2.93% and a return on equity of 26.84%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.04 earnings per share. As a group, equities analysts anticipate that AECOM will post 5.1 EPS for the current year.

AECOM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Wednesday, April 2nd. AECOM’s dividend payout ratio (DPR) is 22.66%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Royal Bank of Canada upped their target price on AECOM from $123.00 to $126.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Barclays upped their price objective on shares of AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. KeyCorp decreased their target price on shares of AECOM from $121.00 to $109.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Truist Financial cut their price target on shares of AECOM from $129.00 to $121.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, Robert W. Baird lifted their price objective on AECOM from $108.00 to $118.00 and gave the stock an “outperform” rating in a report on Tuesday, May 6th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $119.00.

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.