90,850 Shares in AECOM (NYSE:ACM) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in shares of AECOM (NYSE:ACM) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 90,850 shares of the construction company’s stock, valued at approximately $9,705,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Franklin Resources Inc. boosted its holdings in AECOM by 1.5% in the 3rd quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company’s stock valued at $655,000 after purchasing an additional 91 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in AECOM by 1.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 9,459 shares of the construction company’s stock valued at $977,000 after purchasing an additional 103 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in AECOM by 1.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company’s stock valued at $809,000 after purchasing an additional 109 shares in the last quarter. Avitas Wealth Management LLC boosted its holdings in AECOM by 0.6% in the 4th quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company’s stock valued at $2,023,000 after purchasing an additional 110 shares in the last quarter. Finally, Principal Securities Inc. boosted its holdings in AECOM by 95.9% in the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock valued at $25,000 after purchasing an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.

AECOM Price Performance

Shares of NYSE:ACM opened at $94.14 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56. The firm has a market capitalization of $12.49 billion, a price-to-earnings ratio of 26.74, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22. The business’s 50 day simple moving average is $101.78 and its 200-day simple moving average is $105.09.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts forecast that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.04 annualized dividend and a yield of 1.10%. AECOM’s dividend payout ratio (DPR) is presently 29.55%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ACM shares. Citigroup lowered their price objective on AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. KeyCorp lowered their price objective on AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Barclays lifted their price objective on AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. The Goldman Sachs Group assumed coverage on AECOM in a research note on Friday, November 22nd. They set a “buy” rating and a $130.00 price target on the stock. Finally, Robert W. Baird decreased their price target on AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $120.38.

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.