Boston Partners Increases Stock Holdings in AECOM $ACM

Boston Partners lifted its stake in shares of AECOM (NYSE:ACM) by 7.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 115,593 shares of the construction company’s stock after buying an additional 8,161 shares during the quarter. Boston Partners’ holdings in AECOM were worth $13,047,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ACM. Nuveen LLC acquired a new stake in AECOM during the 1st quarter worth $78,900,000. The Manufacturers Life Insurance Company grew its holdings in shares of AECOM by 421.9% during the first quarter. The Manufacturers Life Insurance Company now owns 936,273 shares of the construction company’s stock worth $86,821,000 after purchasing an additional 756,859 shares during the last quarter. Northern Trust Corp increased its position in shares of AECOM by 33.2% during the first quarter. Northern Trust Corp now owns 2,218,412 shares of the construction company’s stock worth $205,713,000 after purchasing an additional 553,519 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of AECOM in the 2nd quarter valued at about $414,000. Finally, Nordea Investment Management AB grew its stake in AECOM by 65.0% during the 2nd quarter. Nordea Investment Management AB now owns 717,270 shares of the construction company’s stock worth $80,506,000 after buying an additional 282,649 shares during the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on ACM. Wall Street Zen cut shares of AECOM from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Weiss Ratings reissued a “buy (b)” rating on shares of AECOM in a research report on Wednesday, October 8th. Bank of America upped their target price on shares of AECOM from $112.50 to $124.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. National Bank Financial started coverage on shares of AECOM in a research note on Wednesday, October 8th. They set an “outperform” rating and a $151.00 target price for the company. Finally, Citigroup boosted their price target on AECOM from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Eleven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, AECOM presently has an average rating of “Buy” and an average price target of $137.30.

AECOM Trading Up 0.9%

NYSE ACM opened at $133.90 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. The stock has a market capitalization 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 52-week low of $85.00 and a 52-week high of $135.52. The firm has a 50-day moving average price of $130.62 and a 200 day moving average price of $119.16.

AECOM Dividend Announcement

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

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.