Mirae Asset Global Investments Co. Ltd. Takes $59,000 Position in AECOM (NYSE:ACM)

Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of AECOM (NYSE:ACM) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 575 shares of the construction company’s stock, valued at approximately $59,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ACM. EntryPoint Capital LLC bought a new position in AECOM in the first quarter worth about $25,000. Family Firm Inc. bought a new position in AECOM in the second quarter worth about $31,000. UMB Bank n.a. raised its stake in AECOM by 196.2% in the third quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock worth $40,000 after buying an additional 257 shares in the last quarter. Kathleen S. Wright Associates Inc. bought a new position in AECOM in the third quarter worth about $50,000. Finally, Versant Capital Management Inc raised its stake in AECOM by 4,375.0% in the second quarter. Versant Capital Management Inc now owns 537 shares of the construction company’s stock worth $47,000 after buying an additional 525 shares in the last quarter. 85.41% of the stock is owned by institutional investors.

AECOM Trading Up 1.7 %

Shares of ACM stock opened at $109.92 on Wednesday. AECOM has a 12-month low of $77.78 and a 12-month high of $110.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98. The firm’s 50 day moving average is $102.58 and its 200 day moving average is $94.68. The stock has a market capitalization of $14.74 billion, a P/E ratio of 59.10, a P/E/G ratio of 1.63 and a beta of 1.17.

AECOM (NYSE:ACM) last issued its earnings results on Monday, August 5th. The construction company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.04. AECOM had a net margin of 1.61% and a return on equity of 24.14%. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter last year, the company posted $0.94 earnings per share. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. Research analysts expect that AECOM will post 4.46 earnings per share for the current year.

AECOM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, October 2nd were given a $0.22 dividend. The ex-dividend date was Wednesday, October 2nd. This represents a $0.88 annualized dividend and a yield of 0.80%. AECOM’s payout ratio is presently 47.31%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ACM shares. StockNews.com upgraded shares of AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. KeyCorp upped their price objective on shares of AECOM from $99.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Citigroup upped their price objective on shares of AECOM from $110.00 to $128.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Barclays increased their price target on shares of AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Finally, Royal Bank of Canada increased their price target on shares of AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $112.29.

AECOM 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.