KBC Group NV Buys 185,447 Shares of AECOM $ACM

KBC Group NV boosted its position in AECOM (NYSE:ACM) by 489.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 223,314 shares of the construction company’s stock after acquiring an additional 185,447 shares during the quarter. KBC Group NV’s holdings in AECOM were worth $25,204,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Cordatus Wealth Management LLC lifted its stake in AECOM by 3.7% during the first quarter. Cordatus Wealth Management LLC now owns 2,867 shares of the construction company’s stock worth $266,000 after purchasing an additional 101 shares during the last quarter. Pallas Capital Advisors LLC raised its holdings in shares of AECOM by 2.1% during the 2nd quarter. Pallas Capital Advisors LLC now owns 5,214 shares of the construction company’s stock valued at $588,000 after buying an additional 107 shares in the last quarter. Allworth Financial LP lifted its position in AECOM by 38.5% in the 2nd quarter. Allworth Financial LP now owns 392 shares of the construction company’s stock worth $44,000 after buying an additional 109 shares during the last quarter. Signaturefd LLC boosted its stake in AECOM by 21.1% in the second quarter. Signaturefd LLC now owns 707 shares of the construction company’s stock worth $80,000 after buying an additional 123 shares in the last quarter. Finally, Atria Wealth Solutions Inc. grew its position in AECOM by 4.1% during the second quarter. Atria Wealth Solutions Inc. now owns 3,308 shares of the construction company’s stock valued at $373,000 after acquiring an additional 131 shares during the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.

AECOM Stock Performance

AECOM stock opened at $133.90 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. The firm has a market cap of $17.73 billion, a P/E ratio of 29.17, a P/E/G ratio of 1.96 and a beta of 1.06. AECOM has a 1-year low of $85.00 and a 1-year high of $135.52. The firm has a 50-day moving average of $130.62 and a 200-day moving average of $119.16.

AECOM Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Wednesday, October 1st were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, October 1st. AECOM’s dividend payout ratio (DPR) is currently 22.66%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of AECOM in a report on Wednesday, October 8th. Citigroup boosted their price target on shares of AECOM from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, October 20th. Wall Street Zen lowered shares of AECOM from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Barclays lifted their price objective on AECOM from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Finally, UBS Group increased their target price on AECOM from $126.00 to $139.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Eleven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $137.30.

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.