AECOM (NYSE:ACM) Position raised by Northwestern Mutual Wealth Management Co.


Northwestern Mutual Wealth Management Co. increased its position in AECOM (NYSE:ACM – Get Rating) stock by 66.7% during the 1st quarter, according to the company in its latest Form 13F filing with the Securities and Exchange Commission (DRY). The institutional investor owned 1,560 shares of the construction company after purchasing an additional 624 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in AECOM were worth $120,000 at the end of last quarter.

Several other hedge funds and other institutional investors have also recently increased or reduced their stakes in the company. The Bank of Nova Scotia acquired a new stake in AECOM during the first quarter valued at approximately $10,725,000. Principal Financial Group Inc. increased its stake in AECOM by 6.1% during the first quarter. Principal Financial Group Inc. now owns 635,308 shares of the construction company worth $48,798,000 after buying an additional 36,417 shares last quarter. The Swiss National Bank increased its stake in AECOM by 6.0% during the first quarter. The Swiss National Bank now owns 319,380 shares of the construction company worth $24,532,000 after buying an additional 18,200 shares last quarter. Duality Advisers LP purchased a new stake in AECOM during the first quarter valued at approximately $853,000. Finally, Teacher Retirement System of Texas increased its stake in AECOM by 5.0% during the first quarter. Teacher Retirement System of Texas now owns 27,907 shares of the construction company worth $2,144,000 after buying 1,334 additional shares in the last quarter. Institutional investors hold 86.15% of the company’s shares.

AECOM trades up 2.0%

NYSE ACM opened at $77.74 on Friday. AECOM has a 12-month low of $60.74 and a 12-month high of $79.97. The company has a debt ratio of 0.84, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $10.86 billion, a price/earnings ratio of 37.02, a PEG ratio of 1.49 and a beta of 1.40. The company’s 50-day moving average price is $68.78 and its two-hundred-day moving average price is $71.22.

AECOM (NYSE:ACM – Get Rating) last released its quarterly results on Monday, August 8. The construction company reported EPS of $0.86 for the quarter, beating the consensus estimate of $0.82 by $0.04. AECOM had a net margin of 2.30% and a return on equity of 18.25%. The company posted revenue of $3.24 billion for the quarter, versus $3.49 billion expected by analysts. During the same period a year earlier, the company posted EPS of $0.73. AECOM’s revenue decreased 4.9% year over year. Equity analysts expect AECOM to post EPS of 3.45 for the current year.

AECOM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 22. Shareholders of record on Wednesday, July 6 received a dividend of $0.15 per share. This represents an annualized dividend of $0.60 and a dividend yield of 0.77%. The ex-dividend date was Tuesday, July 5. AECOM’s dividend payout ratio is currently 28.57%.

Wall Street analysts predict growth

Several research analysts have published reports on the company. Robert W. Baird raised his price target on AECOM from $80.00 to $82.00 in a Wednesday, August 10 report. Citigroup lowered its price target on AECOM from $92.00 to $85.00 in a Friday, July 22 report. Credit Suisse Group raised its price target on AECOM to $81.00 in a Monday, August 15 report. Finally, StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a Thursday, July 28 report. One equity research analyst gave the stock a hold rating and seven gave the company a buy rating. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $87.50.

AECOM Company Profile

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AECOM, together with its subsidiaries, provides professional infrastructure consulting services to governments, businesses and organizations in the Americas, Europe, Middle East, Africa and Asia-Pacific. It operates through three segments: Americas, International and AECOM Capital. The company provides planning, consulting, architectural and engineering design, construction and program management, as well as investment and development services to commercial and government clients.

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Institutional ownership by quarter for AECOM (NYSE:ACM)



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